Cotton Prices Fell By 15.2% A Month.

In December 3rd, the state

Starting from 10 last month, the town of Renzhao Town, Pingdu City, Shandong, rarely seen the cotton buyer, which contrasted sharply with the bustling scenes of past traders.

"It's really strange, either a group of people rush to take it, or they lose their shadow overnight, and it's better to sell it at that time."

Li Rongfa, a cotton grower of Ren Zhao town, told our reporter that in the early November, the purchase price of cotton rose to a maximum of 7.4 yuan / Jin, and many people received it. He did not rush to make a move, and now the price has dropped by more than 30%, but no one has bought it.

Li Rongfa told reporters that some cotton farmers who did not sell at a high price in time were rapidly shrinking cotton prices. They were waiting to see that they would wait for the money to be sold again.

Cotton in the hands of cotton growers can be stored for 1 years without affecting the quality.

We can wait until next year when the new cotton market goes on sale. "

Li Rongfa said.

Cotton "diving" campaign cotton "two dealers" the most injured

Some cotton textile enterprises in Shandong province have the most obvious feeling for the sudden dive of cotton, because according to many textile enterprise owners, in November 10th, customers suddenly stopped trading, until now, the volume of pactions is very small.

"In the best days, the price of cotton yarn has reached 31500 yuan / ton, when the price of the futures market has risen to 33000 yuan / ton, but after 20 short days of diving, 25000 yuan / ton is now scarce."

According to industry insiders, in the cotton diving competition, the biggest injury is cotton "two dealers".

It is understood that most of the lint is now in the hands of hoarding cotton processors and two dealers.

According to Zhao Renyong, cotton broker of Pingdu City, there was a cotton processing enterprise in Shandong. In the early November, thousands of tons of cotton were hoarded through bank loans. Now all the cotton hoarding is in the hands.

And in the locality, like this enterprise, hoarding cotton is troubled by many enterprises, and some enterprises have to parity or lose money to ship, or even temporarily suspend production.

Industry analysis

Cotton prices have stabilized for the past two days

Reporters looked at the recent cotton prices trend, found that cotton prices have stabilized signs of recovery.

Zhao Renyong told reporters that two days ago, a textile company commissioned him to buy 300 tons of cotton at the current price.

Zhao Renyong said: "the boss said, from the current situation analysis, it may be a good opportunity to copy the bottom, if the judgment is correct, we can earn millions."

In view of this, Dalian Tianqi Futures Limited company analyst aviation believes that the state will surely control both hands simultaneously, control cotton price rise one by one, control inflation, and protect the interests of cotton farmers and enterprises on the other hand.

Therefore, cotton prices will slowly rise.

"The listing of new cotton, the increase in inventories, the measures taken by the state to control prices and the escape of funds have contributed to the decline in the spot price of cotton during the cotton season. At present, cotton prices have risen sharply. We believe that this is a technical rebound after a big adjustment."

According to aviation, the trend of cotton in the future must be mainly based on concussion, and the possibility of the rise is very small. At present, the national policy has stopped the rising space of cotton prices. Considering the interests of cotton growers, a sharp fall is not what the government wants. The price of cotton futures is still mainly in the future, and the fluctuation is expected to be further narrowed before the Spring Festival.