Time：2026-08-31     【Reserved】

Core summary: In 2025/26 Xinjiang cotton, except for the weak resource sales basis in Kashgar, Hotan, Kezhou, Hami and other producing areas, most of the lint basis in northern Xinjiang and southern Xinjiang continued to maintain

Remaining stable, especially for high-index high-quality cotton with rising supply and demand pressure, cotton companies are very strong in supporting the basis.

According to feedback from some cotton trading companies and processing companies in Xinjiang, although the volatility of Zheng cotton has increased in the past week, sales of reserve cotton continue to advance, and mainland warehouse transactions are still active.

However, in the 2025/26 Xinjiang cotton, except for the weak resource sales basis of Kashgar, Hotan, Kezhou, Hami and other producing areas, the basis difference of lint cotton in northern Xinjiang and southern Xinjiang has mostly remained flat.

Especially for high-quality cotton with rising supply and demand pressure, cotton companies have a very strong sentiment to support the basis.

Judging from the quotations of some cotton companies, the basis difference of machine-picked cotton for 3129B/3130B (breakage specific strength 28-30CN/TEX) in the supervision warehouses in Bachu, Kashgar and other places on August 26-27 mostly dropped to 950-1200 yuan/ton (compared to the CF2609 contract, the basis difference of some high-consistency, high-quality cotton is 1250-1350 yuan/ton); Aksu, Bazhou warehouse 3129B/3130B (Breaking specific strength 28-30CN/TEX) The base difference of machine-picked cotton is 1200-1420 yuan/ton (compared to the CF2701 contract, including Southern Xinjiang Corps cotton); while in Northern Xinjiang Hezi, Kuitun, Luji The base difference of machine-picked cotton for other supervision warehouses 3129B/3130B (breaking strength 29-30CN/TEX) is 1350-1500 yuan/ton (compared to the CF2701 contract, including Corps cotton)

It should be noted that recently, some traders and ginners have placed orders for Beijiang resources with grade 41, no main grade and a certain proportion of light yellow dyed cotton and yellow dyed cotton resources.

Although the basis difference is relatively low, indicators such as spinnability, consistency, and impurity content require great attention.

Several textile companies above designated size in Xinjiang said that although the cotton spot basis continues to remain at a relatively high level, spinning profits continue to be compressed, and the low number of orders for high-spinnability machine-picked cotton in northern Xinjiang has raised concerns about structural tightening of supply in Xinjiang before the launch of new cotton in 2026/27, it is expected that cotton-using companies in Xinjiang will still be highly motivated to replenish their stocks from August to October. On the one hand, due to various reasons such as weather, management, and cotton varieties, some cotton fields in Xinjiang have spun cotton in advance (including water shortage, premature senescence, yellow wilt and ginger disease, etc.), and indicators such as fiber length, breaking strength, horse value, etc. may not be ideal in the early stage; on the other hand, the industry's "Golden Nine and Silver Ten" are about to come, winter and spring orders are gradually being issued, and yarn mills are speeding up destocking.