Xinjiang's long-staple cotton output pre-decreases, prices continue to climb

Recently, domestic long-staple cotton prices continue to rise. As of June 6, the mainstream prices of grade 137, 237, and 336 long-staple cotton in the Aksu area of u200bu200bXinjiang were respectively 21,900 yuan/ton, 21,000 yuan/ton, and 19,700 yuan/ton, up 150-200 from last week. Yuan/ton; the price of long-staple cotton produced by the 137th and 237th corps in Henan and other places in the inland are 22500-22600 yuan/ton and 21200-21300 yuan/ton respectively, an increase of more than 200 yuan/ton from last week. According to local cotton merchants, the recent long-staple cotton sales have been relatively smooth, and downstream textile companies have taken goods in an orderly manner. With the increase in storage costs, some cotton merchants have plans to continue to increase prices.　　 Then, what is the reason for the continuous increase in the price of long-staple cotton? The author's analysis is as follows: 　　 The output of long-staple cotton in 2017 may decrease significantly. It is understood that the area of u200bu200blong-staple cotton in Xinjiang was reduced to 1.2 million mu in 2017, which is 45.5% lower than the 2.2 million mu in 2016. In addition, from April to May this year, due to strong winds, rain and snow in southern Xinjiang, the cotton seedling rate was only 60-70%. In addition, due to the recent drought in southern Xinjiang, the growth of some long-staple cotton is limited. Industry professionals expect 2017 The annual yield of long-staple cotton may be around 250 kg/mu, down 30 kg/mu from 280 kg/are in 2016.　　 Insufficient stock of long-staple cotton. According to Xinjiang enterprises, up to now, the stock of long-staple cotton in Xinjiang ginning factories and distributors is less than 15,000 tons, and more than 70% of them are of poor quality, with short fibers, low horse value, poor color, and low spinnability. At present, most long-staple quilts are stockpiled by large traders, and some of them are moved to the mainland for sale, and the raw material inventory of downstream textile enterprises has basically remained low. The value of 　　 long-staple cotton is still underestimated. At present, the domestic price of 'Double 28' Xinjiang fine-staple cotton is 16500 yuan/ton, and the price of long-staple cotton 237 is around 21200 yuan/ton. The price difference between the two is only 4700 yuan/ton. The value of long-staple cotton is obviously underestimated. Article Keywords: 　Cotton Xinjiang Long-staple Cotton