Shanxi'S Cotton Market Downturn, Shandong'S Acquisition Is Not Optimistic.
Recently, the cotton purchase and sale market in Yuncheng, Shanxi continued to slump. As the local ginning mills are mostly 200 or even smaller processing equipment, there is no hope for the purchase and storage of cotton in the mainland. Individual 400 type enterprises are preparing for the purchase and storage, but they dare not have any big moves.
At present, the price of local seed cotton (39% lint) is basically maintained at 2.30 yuan / Jin, because cottonseed is not processed very much, and its stability is about 0.80 yuan / Jin in the near future.
At present, Jiangxi Pengze cotton seed picking has reached more than 85%, but the purchase amount is less than 4%. In the face of the continuous shrinking of market demand and the drop in prices of by-products such as cottonseed, most of the enterprises taking part in the acquisition are facing losses and stopping to wait and see.
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Shandong Cotton Prices Continue To Fall, Cotton Enterprises Have Stopped Waiting To See
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