Cotton Prices Are Falling But Sales Are Still Sluggish
According to the state
cotton
According to the market monitoring system, the survey data of 1837 households in 87 counties and cities in 14 provinces and regions showed that as of February 19, 2016, the new cotton harvest was over.
Cotton grower
Accumulated sale
Unginned cotton
The volume / cumulative amount of pickled seed cotton) was 93.3%, and the mainland sale rate was 77.6%, which was all the same as that before the holiday. The sale in Xinjiang has ended.
According to 89 large and medium-sized cotton processing enterprises survey, as of February 19th, most enterprises have not yet begun processing.
At present, the national processing rate (processing rate = cumulative cotton linen / cotton seed cotton purchase quantity) is 95.6%, an increase of 4.4 percentage points compared with the same period last year, an increase of 0.9 percentage points over the normal years of the past four years, of which the processing rate in Xinjiang is 97.6%; the sales rate (sales rate = the total sales of lint / cotton seed cotton purchased by cotton enterprises) is 51.3%, an increase of 5.3 percentage points over the same period last year, which is 22.9 percentage points lower than that in the normal years of the past four years, and the sales rate in Xinjiang is 44.3%.
According to the estimated 5 million 216 thousand tons of cotton production in the country (the national cotton market monitoring system forecast in November 2015), as of February 19th, the national total processing of 4 million 636 thousand tons of lint was reduced by 723 thousand tons compared with the same period last year, a decrease of 1 million 864 thousand tons compared with the normal years in the past four years, of which 3 million 570 thousand tons of lint were processed in Xinjiang, and 2 million 490 thousand tons of cotton lint, a decrease of 215 thousand tons compared with the same period last year, a decrease of 2 million 672 thousand tons compared with the normal years in the past four years, of which Xinjiang sold a 1 million 621 thousand ton of lint cotton.
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