Shandong Cotton Bid Farewell To Crazy Long Continuous Down &Nbsp; Three Days Down 2700 Yuan Per Ton

according to China Voice of the "CNR news" reported that once the cotton soaring overnight turned down, continuous plummeting. Rush to buy and stop buying, the market wait-and-see mood increased. In detail, we will connect Shandong station reporter Li Jian.

Host: at present What is the market situation of Shandong, a cotton producing province? How has the cotton price changed from crazy to limit?

Reporter: the cotton market in Shandong is experiencing ups and downs. The futures market has been in a state of shock from the current limit to the current limit. Cotton spot fell 2700 yuan / ton in 3 days, now down to 27 thousand yuan / ton. The price of seed cotton has dropped from 7.2 yuan to 6 yuan per catty in Dezhou and Binzhou.

In the previous period, the domestic three level cotton price jumped from 12 thousand yuan per ton in the early 2010 to 32 thousand yuan / ton, up to 166%. According to the insiders, this height not only broke through the high point in 2003, but also hit a new high since 1995. The frenzied cotton price has caused a chain reaction on the chain of cotton yarn, grey cloth, fabric and garment manufacturing. Cotton picking The war broke out all over the place. Shandong's cotton processing capacity is relatively strong, but this year's planting area has declined. Because Shandong seed cotton purchase price is higher than Hebei 0.1-0.2 yuan / Jin, Shandong textile enterprises cross province to Hebei "rush to buy cotton".

However, in November 10th, it became an important turning point in the cotton futures market. The 1105 main contract of cotton futures of the Zhengzhou mercantile exchange continued to plummet since November 10th, while the spot price of cotton fell rapidly and fell to the present level. The speed of the rapid decline is unprepared.

Moderator: cotton prices have dropped rapidly, what chain reactions have they brought?

Reporter: after the collapse of cotton prices, the situation is changing. The reporter learned from some cotton producing areas in Shandong that at present, the cotton market has a strong wait-and-see atmosphere. Some textile enterprises have been buying cotton seeds and even buying them, and the purchase price of seed cotton and lint has also declined.

Rush to buy "stop buying", the market chooses to wait and see. Many cotton purchasers have chosen to go out of business and "dare not buy". Dezhou Silver Dragon cotton industry group's silver Xin cotton industry limited company also stopped the purchase plan, the worker all vacation, the enterprise stops processing cotton. The fall in cotton prices has increased the pressure on cotton processing enterprises to buy cotton at a high price.

The owner of a processing enterprise said that the cost of cotton made in the early stage of 7.2 yuan / Jin was 31 thousand yuan / ton after processing into lint, and the price of lint fell to 27 thousand yuan / ton. If sold at present price, it will lose money. Some cotton factories prefer to wait and see not to sell lint at a low price. At present, small and medium-sized cotton spinning enterprises choose to stop production or reduce production. This chain reaction has also extended to the downstream textile and cloth factories. The order quantity of the cotton mill has obviously decreased in recent days.