Xinjiang machine-picked seed cotton prices move up somewhat during the National Day holiday and after the holiday, up to 5.5-6yuan/kg. Bases on 2.85yuan/kg of cottonseed price, machine-picked cotton costs are at 12,000-13,400yuan/kg on theory. A few ginners insist to purchase at 5.2-5.3yuan/kg. But Read More

As the cotton transportation and arrivals of new cotton is impacted by the epidemic, cotton inventory in spinning mills has been at a very low level, and spinners have to purchase high-priced cotton. But downstream demand is hard to support the yarn prices. After the National Day holiday, cotton yar Read More

On the first day returning from the holiday, machine-picked new cotton has been transacted, and small quantity of new cotton is transported to inland warehouses. Currently, spot cotton prices have big differences as new cotton prices are low with low costs, while old cotton prices are firm affected Read More

Xinxiang Chemical Fiber released its Q3 report that in the first three quarters of 2022, the company achieved operating income of 5.721 billion yuan, down 11.77% from the same period last year, with a net loss of 293 million yuan for shareholders of listed companies, and 314 million yuan for shareho Read More

Seed cotton is arriving slowly this year and there is less procurement by ginners since cotton grower become reluctant sellers and there is impact of the COVID-19. Cottonseed price has fallen after the National Day holiday, but still hovering at high level in general. Cottonseed delivered to Shandon Read More

Cottonseed prices generally decline around the National Day holiday with increasing arrival of new resources, especially that of machine-picked ones in North Xinjiang. At present, Shandong, Hebei and Xinjiang-based cottonseed oil and delinting plants are cautious about procurement with wait-and-see Read More