According to feedback from the cotton supervision warehouses in Urumqi, Aksu, Korla and other places, Xinjiang’s cotton road and railway shipments have continued to rebound since late February, especially southern Xinjiang’s truck shipments have rebounded faster than before the holiday. It is expected that Xinjiang’s cotton shipments will rebound in March Cotton transfer to warehouses as a whole has entered its peak period.
Some cotton traders and cotton textile companies said that in the past week, due to the full recovery of highway shipments, the cooling of weather inside and outside Xinjiang, and the increase in gasoline and diesel prices, some regulatory warehouses in northern Xinjiang have not shipped trucks out of Xinjiang. The price has increased by 20-30 yuan/ton. However, due to the stability of railway freight and the increase in outbound and return vehicles, Xinjiang cotton highway outbound freight has remained stable overall.
A medium-sized cotton company in Xinjiang said that the reasons for the intensification of road and railway transportation after the Spring Festival can be summarized as follows: First, considering that Xinjiang delivery warehouses are relatively slow to enter warehousing and generate warehouse receipts, some plans are in Zhengzhou Cotton Cotton companies hedging in the May contract have moved their positions to mainland delivery warehouses such as Henan, Shandong, Jiangsu, and Hubei; secondly, with the wide fluctuation adjustment of the Zheng cotton CF2105 contract, some mainland raw material inventories are low and even “waiting for rice to be ready” Cotton textile companies promptly replenished their warehouses at low prices, and their enthusiasm for shipping increased; third, the main force of Zheng cotton exceeded the 17,000 yuan/ton support, and cotton companies in Xinjiang moved their warehouses to cotton consumption areas and recovered funds; fourth, before the Spring Festival The freight rates for lint boxcars sent from the freight centers of the Uzbekistan Railway Bureau to various bureaus in the mainland have been reduced, and the phenomenon of “railway switching” of Xinjiang cotton has increased since mid-February; fifth, the pressure on the delivery of energy, chemicals and other transportation products has eased in late February and The time for sterilizing wagons has become shorter (epidemic prevention and control has become normalized), and the number of cotton shipment wagons has shown a slow increase.
It is understood that from March 1st to 3rd, the price difference of Xinjiang cotton of the same quality inside and outside Xinjiang narrowed to 400-500 yuan/ton, which was 100-200 yuan/ton lower than the price difference in January and February. Mainly affected by After the Spring Festival, Xinjiang cotton transportation increased significantly and the price difference between domestic and foreign cotton weakened. </p
