From a statistical point of view, the transaction rate of Xinjiang cotton imports increased significantly from December 2 to December 4. Judging from the announced bidding companies, in addition to large and medium-sized cotton traders, Xinjiang processing companies also began to bid for storage. Why has the enthusiasm of cotton-related enterprises increased significantly?
The author’s judgment is based on the following three factors: First, the price advantage of imported cotton reserves appears. In recent days, the market price of Zheng cotton CF2001 contract has exceeded 13,000 yuan/ton, 12,800 yuan/ton, and 12,500 yuan/ton, causing traders and textile mills to follow the “basis purchase” price sharply (Xinjiang internal warehouse traders “double 28” “The quotation for machine-picked cotton delivery has dropped to 12,700-12,800 yuan/ton), while the transaction price of the Korla warehouse of China Cotton Reserve is more than 12,900 yuan/ton;
Second, the reserve cotton rotation contract execution period is relaxed. Taking into account practical issues such as transportation, warehouse loading and unloading, the “2019 Xinjiang Cotton Rotation Bidding Transaction Measures” stipulates that the seller should deliver cotton that meets the rotation requirements to the Central Reserve Cotton Company within 45 days in accordance with the requirements of the “Central Reserve Cotton Procurement Contract” The delivery warehouse is designated, and the delivery company has sufficient time to fulfill the contract (whether it is transported by truck or railway);
Third, Xinjiang cotton railway transportation has gradually gained momentum recently, especially the plan implemented by the Uzbekistan Railway Bureau and others The effect of “transferring from highway to rail” is very obvious, which not only facilitates processing enterprises and traders in Xinjiang to ship to inland storage warehouses, but also reduces transportation costs. </p
