Market Prices Of Cotton In Shandong In March 25Th
In March 25th, cottonseed and seed cotton prices continued to rise in some parts of Shandong, and seed cotton turnover was reduced, and cotton enterprises continued to stop. Lint prices are strong and high-grade cotton sales are smoother.
Huimin County, Binzhou: in March 25th, the price of local 3 grade seed cotton was 2.76 yuan / jin (39% of lint and 10% of moisture regain), rising 0.01 yuan / Jin compared with 23 days. The price of grade 3 lint is 11840 yuan / ton (weight, ticket and deliver). As the seed cotton resources are scarce, the price continues to rise, the cost of leather cotton is high, the risk of operation is increased, and some type 200 enterprises are gradually withdrawing from the market.
Linqing City: in March 25th, the local cottonseed output price was 0.95-0.96 yuan / Jin, compared with 24 days rose 0.01 yuan / kg; the 3 grade seed cotton price was 2.80-2.85 yuan / jin (39%), and the price of seed cotton which was purchased by individual factories with good grade and over 41% clothes reached 2.90 yuan / Jin. As seed cotton sales are coming to an end, market resources are decreasing and trading volume is small. Cotton enterprises purchase more than 15000 pounds per day, less than 10000 Jin.
Dezhou: in March 25th, the purchase price of cottonseed in the local oil plant was 0.94 - 0.95 yuan / Jin, up 0.05 yuan / Jin compared with the previous week; the 3 class seed cotton purchase price of the 400 type enterprise was 2.87 yuan / jin (40% of clothing and 10% of moisture regain), which rose by 0.02 yuan / kg; 3 grade lint price was 11800 yuan / ton left right (gross weight, with ticket and pick-up).
Because of the late purchase and sale of seed cotton, there are more mixed grade cotton, and the quotations are chaotic and the price spreads are large. At present, about 40 cotton enterprises in the city are still buying seed cotton (about half of them are in Wucheng county), and 90% enterprises have stopped collecting them.
In addition, the inventory of finished goods in textile enterprises has further increased, and the difficulty of returning money to goods, the tight funds, and the enthusiasm of raw material procurement have declined. The price of lint is stable and the sale of high-grade lint is smoother.
However, at present, high-grade cotton still flows to the national reserve. The spot market is mostly weak grade 3 and grade 4 cotton. The price is between 11100-11300 yuan / ton (picking up, gross weight and carrying tickets), and most buyers are small cotton mills with low spun yarn. Because lint stocks are generally less and futures prices continue to rise, most cotton enterprises are optimistic about the future market, and their sales intentions are not strong.
Editor in chief: Xu Qiyun
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