Xinjiang'S Cotton Exports And Price Inflation
Xinjiang
cotton
Since the beginning of this month, a large number of listed companies have come out of Xinjiang with a daily average of 300 wagon (about 13 thousand and 500 tons) to stabilize domestic cotton prices and ease the imbalance between supply and demand.
The contradiction between supply and demand and international
Cotton futures
Driven by the market, domestic cotton prices are rising rapidly.
It is reported that cotton futures on the Zhengzhou Mercantile Exchange have been trading on the whole. In the past two months, the futures price rose from 17000 yuan (RMB) / ton in late August to 26000 yuan / ton, or 50%.
Cotton prices follow futures prices in spot market
Rise
As of November 8th, the cotton price index released by China Cotton Information Network reported 28891 points, up more than 40% from the end of August.
Hebei Shandong poor harvest gap now
In addition to the decline in planting area, extreme weather factors also cause some areas to reduce production.
The proportion of three cotton in main cotton producing provinces such as Hebei and Shandong is less than 30%, and there is a gap between supply and demand in China.
This causes heavy pressure on cotton spinning enterprises which account for more than 60% of cotton cost.
Xinjiang is one of the main cotton producing areas in China, and its output accounts for about 1/3 of the total domestic output.
At present, Xinjiang, Akesu, Bachu, Korla and Kuitun, Shihezi and other major cotton producing areas have taken measures to set up railway lines to rush to pport cotton and give priority to Xinjiang.
It is reported that the station of Urumqi north station has been carrying 4382 cotton wagon since September.
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