new seed cotton for wadding (for civilian use) starts to be procured in Xinjiang and inland

 new seed cotton for wadding (for civilian use) starts to be procured in Xinjiang and inland, and the volumes are very limited. On Sep 2, it was heard that purchase prices of seed cotton with ginning yield of 42% were pegged at 9.6yuan/kg in South Xinjiang, and the market anticipation for the competition for seed cotton procurement arouses again. With the improved macro sentiment, ZCE major contract, Jan’22 contract rebounded quickly on Sep 3 by 2.66%. Later, some players were heard that the prices were above 10yuan/kg. Though the planting costs of new cotton are high, and ginners are forced to compete for new seed cotton with all kinds of fees, is it too high for the prices of 10yuan/kg and above under the not favorable demand in traditional peak season? We analyze the purchase prices of seed cotton in recent crop years.