No Sale Of Lint Sales, Partial Price Drop

Recently, the price of seed cotton in the Yellow River basin has been stable and partly rebounded slightly.

On the 14 day, the selling price of lint 3128 in a ginning factory in Jinxiang, Shandong, was 12800 yuan / ton, down 100 yuan / ton compared with last Friday.

In December 14th, Hebei, Cangzhou, Hengshui and other places.

2.75-2.95 yuan / jin (lint 39%, moisture regain 12%), the vast majority of seed cotton purchase price has been below 3 yuan / Jin.

However, individual ginning plants reflect that for cotton seed cotton with better index of length, horse value and strength, the price is increased. For example, cotton with a fiber length of 28mm and above and a horse value of 4.3-4.7 and a moisture regain below 7% are generally priced at about 3.05 yuan / Jin, which is 0.10 yuan / Jin higher than the previous period.

On the 13-14 day, some 400 types of cotton ginning plants in Shandong also raised prices slightly for quality cotton. Among them, the purchase price of cotton seed with cotton rank 3 or above was over 3 yuan / Jin, rebounding 0.05 yuan / Jin last week.

Talking about the reasons for the partial rise of seed cotton, the boss of a ginning factory in Dezhou said that the cottonseed "sesame flowering is high". As of 14 days, the highest price of cottonseed in Xiajin county has reached 1.18 yuan / jin (12% of seed oil and 12% of moisture), up 0.02 yuan / Jin from last Friday (11).

By the end of the year, some farmers in the package area began selling seed cotton, and some high-quality seed cotton went on sale in succession.

It is understood that as of now cotton farmers hands

There are still a few of them, but the running rate of ginning plants continues to decline. Some of the key cotton plants in Hebei, Cangzhou, Hengshui, Handan, Xingtai and Shandong Dezhou, Dongying, Liaocheng, Heze and so on have been reduced to over 10%, bringing pressure to the progress of seed cotton sale.

The near future

No improvement has yet been made, and local prices have fallen.

On the 14 day, the selling price of lint 3128 in a ginning factory in Jinxiang, Shandong, was 12800 yuan / ton, down 100 yuan / ton compared with last Friday.

The head of the enterprise said that they still had hundreds of tons of stock at present, all of which were processed in 10-11 months. These cotton had been left behind in the warehouse for more than a month. Seeing that the banks had been paying back the loans near the end of the year, the money for private financing was also being pushed for. They could only attract the downstream procurement by lowering the price.

"Now many enterprises are reducing the price of lint for sale because of the pressure of financial expenditure."

A market source said that recently, many large cotton ginning mills and Cotton Traders lowered the spot price slightly, of which 3127B price was generally 12300-12400 yuan / ton, 3128B level 12800-12900 yuan / ton, and the turnover was 13000 yuan per ton.

In addition, some cotton merchants and ginning plants reflect that Xinjiang cotton has been accelerating the move to the mainland in recent years to suppress real estate cotton.

For example, at present, Shandong warehouse picking up 3128B grade Xinjiang cotton is only 13200-13300 yuan / ton, and the price of the machine picked cotton grade 3128 is 12800-12900 yuan / ton, almost flat with the real estate cotton, and the textile factory is keen to purchase Xinjiang cotton.

Under the combined effect of high inventory of cotton enterprises, decline of Zheng cotton futures and low demand for textile enterprises, it is expected that cotton prices will not improve before the Spring Festival this year.