The Panic Of Cotton Traders And Traders Has Been Greatly Alleviated.

According to the survey, as of October 28th, the cotton picking area of Kashi cotton growing area in southern Xinjiang (including Bachu, Mengaiti, Jiashi, Shache, etc.) has reached more than 80%, and cotton growers and planting units only have to wait for picking up frost.

Korla's picking progress is slow, but due to the drop in yield per unit area and less rainfall and cooling weather, the picking rate of seed cotton is also generally 65-70%.

In late October, there were 40% clothes and 12% hands in Shawan, Jinghe and Tahe.

The purchase price is 5.4-5.5 yuan / kg, while Shihezi, Kuitun and other regions 40% linen purchase price in 5.5-5.6 yuan / kg.

On the one hand, since October 20th, Zheng's main contract has continued to oscillate and rebound to 27 days, exceeding 300 yuan / ton. The panic of Cotton Traders and traders has been greatly alleviated, and confidence in the market has gradually resumed. On the other hand, the expectation of high grade and high quality lint shortage in 2015/16 has been rising. On the other hand, worried about missing the opportunity to purchase the medium term flower, some cotton enterprises promptly took the Cotton Lined pledge loan and self financing mode, and the enthusiasm of entering the market below 5.50 yuan / kg has been resumed.

The Corps mainly picked cotton and picked it early.

Also reached 80% and 70% respectively.

In the northern part of Shihezi, Kui Tun and other landlords cotton producing areas accounted for 80-85% of machine picked cotton, though affected by the gradual cooling of precipitation, the overall seed cotton picking and selling progress was close to 70%.

Some cotton growers in Hutubi, Manasi and Changji said they expect the end of mid November to pick up the flowers after harvest, and the yields and profits will also come to light. This year, the purchase of seed cotton is characterized by "late listing, quick picking up, slow sales, and little funds".