Henan Textile Enterprises Purchase Intention To Raise Seed Cotton Price 2.4 Yuan / Jin
In October, most textile enterprises in Henan did not buy Cotton in Fugou, causing local cotton enterprises to suffer serious losses and stop watching.
Recently, with the success of cotton storage and storage in the mainland of China, the price of lint in Hebei and Shandong has increased. Many textile enterprises in Henan and Anhui have indicated their purchasing intentions to Fugou cotton enterprises, and the quoted price is 10500 yuan / ton. Because of the increasing willingness to purchase textile enterprises, the lint market in Fugou County of Henan province is gradually showing signs of vitality. However, because of the relatively low price of cotton lint and the reluctant sale of cotton farmers, only a few cotton enterprises have entered the market tentatively.
At present, the price of local seed cotton is 2.4 yuan / jin (38% lint), and the price of cottonseed is 0.8 yuan / Jin, and the processing cost and loss are calculated. The cost of lint cotton reaches 10600 yuan / ton, and cotton enterprises are still cautious in entering the market. Because cotton growers also do not recognize the current seed cotton purchase price, recent local cotton and seed cotton turnover is relatively limited.
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