Xinjiang traders temporarily postpone point price purchases, the price difference in the purchase of seed cotton is large

It is understood that with the sharp rise of Zhengqi night trading on the 10th and the closing of the daily limit, the expectations of various institutions for the continued rise of cotton prices have increased, and the main contract is 17,000 or even test 18,000. On the 11th, foreign businessmen and cotton operators who purchased at a 'point price' in Xinjiang suddenly collectively lost their voices-they no longer reported the benchmark purchase price to the outside world, and temporarily did not accept 'point price' transactions by ginners. According to industry analysis, on the one hand, traders purchased a relatively large amount of hand-picked cotton from October to mid-November, and they are currently encountering problems with railways and highways exiting Xinjiang (the continuous increase in automobile freight rates has greatly reduced or even lost profits in some procurement contracts), or affected On the other hand, from a technical point of view, Zhengqi still has the possibility of rising and reaching new highs. Although 100% hedging is done, the margin that needs to be supplemented before delivery is not a small amount. If you continue to accept ginners The 'point price' is likely to get deeper and deeper. Due to the sharp rise in Zhengqi, on the 11th, the buyer and seller are not sure what price should be quoted for the supervised lint cotton in Xinjiang. The seller hopes to convert the price of the main futures contract, but the buyer is only willing to increase the price by 100-200 yuan/ton to purchase, so the market The trading volume is not large. From October 10 to 11, the purchase price of seed cotton in Xinjiang did not fluctuate much. The purchase price of hand-picked cotton (40% clothing cents and 13% moisture content) was 7.30-7.40 yuan/kg. Some ginning plants in Aksu, Korla and other places in southern Xinjiang remained unchanged. Purchase at the price of 7.10-7.20 yuan/kg; the purchase price of hand-picked cotton in Kuitun, Shihezi, Shawan and other places is 7.20-7.30 yuan/kg.　　 Entering the middle and late stages of the acquisition, the purchase price of ginning plant seed cotton even exceeded 0.50 yuan/kg, and the purchase price of high-grade and high-quality mid-term flowers (within 11% moisture) was 7.40-7.50 yuan/kg. The purchase price of seed cotton sold by 'One Cotton' is 7.20-7.30 yuan/kg, and the purchase price of autumn peach and frosted flowers is 7.00-7.10 yuan/kg. A few ginning factories in southern Xinjiang have a light spot of dirty cotton and yellow dye. The cotton purchase price fell below 7.00 yuan/kg. Some cotton companies said that from the cost point of view, Zhengqi's hedging is even slightly profitable (the profit of machine-picked cotton is higher), but it is difficult to transport out of Xinjiang. One is worried that the freight will continue to rise and the profit will be swallowed; 2. They are worried that they cannot be shipped to the inland warehouses for delivery on time. Article keywords: 　 Xinjiang seed cotton purchase price