Cotton Association Of Dezhou: Roller Coaster In Dezhou Cotton Price

In recent days Dezhou City Cotton price is like riding a roller coaster, from a crazy rise to a sharp decline. lint Prices fell for 3500 yuan / ton in a few days, and cotton market was panic.

Since the launch of new cotton in September, cotton prices have continued to rise, reaching its peak in November 10th. The purchase price of the four grade seed cotton is about 7.30 yuan / kg, and the sale price of grade four lint reaches 32000 yuan / ton, which has hit the highest price ever. Lint prices rose 78% from early September, up 128% over the same period last year. Cotton prices have risen fast and high for decades.

Since November 11th, cotton prices have dropped sharply for several days. In November 16th, the purchase price of grade four seed cotton dropped to 6.20 yuan / kg, down 1.10 yuan / Jin, or 15%, compared with November 10th. The price of grade four lint fell to around 28500 yuan, down 3500 yuan / ton, or 11%. Cotton yarn prices have dropped by about 800 yuan per ton in recent days.

It is understood that with the sharp decline in cotton prices, cotton farmers wait and see, do not sell, and cotton traders lose money, do not accept; cotton enterprises are few, can not be collected. The whole cotton purchase market is almost at a standstill. Cotton enterprises only receive a few hundred pounds a day, some of which are not collected, and some enterprises have closed up for holidays.

Cotton prices have dropped sharply in recent days. The main reasons are: first, New York cotton futures and Zhengzhou cotton futures prices continue to fall sharply; two, the cotton price in the early stage has gone up too fast, too fast, and some of the hot money has been speculating, and cotton prices have become too high.

In recent days, the "roller coaster" has been staged in the cotton market. In the beginning of 2004, the price of cotton rose sharply and collapsed. According to the insiders, cotton prices have risen too fast in the last few days, and there has been a virtual high level. Of course, the price of lint is below 25000 yuan / ton in the case of the reduction of cotton resources this year. Cotton price Still high, there is still room for descent.