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Cotton Prices Pick Up And Cotton Traders Keep Hoarding Cotton Up.

2011/1/28 9:51:00 85

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Cotton price

Recently, there has been a steady rise, which is no doubt a blessing to the cotton merchant Ah Fu (a pseudonym). His pressure is relatively reduced. He bought the last batch of cotton seeds before the workers went on holiday, and hoped that the cotton price would rise again after the Spring Festival, so as to make up for the loss of cotton last year.

"Now we have entered the end of the acquisition of new cotton, and our locals will remain in the cotton field.

cotton

Known as the "tail flower", it has been beaten by frost. The quality is not as good as that of the previous months.

Price

On the contrary, it is higher than that in November. At present, the purchase price of cotton is generally 5.5 yuan / Jin, and a little better is 20 Fen yuan per catty.

The cotton price in the near section is relatively stable, and the downstream cotton mills, which disappeared earlier, began to come in with us again. The situation is better than in November and December last year.

Due to tight funds, we sold a small amount, and most of the goods were still in the warehouse.

Ah Fu introduced yesterday.

In 2010, it was a thrilling year for Alfred. Like many cotton traders, he rushed to buy Cotton in the cotton field. He bought 8 batches of goods before and after, about 2 million 500 thousand jin, and the cotton processing plant he held last year bought a total of about 10 million catties of cotton. In the Pengze County of Jiangxi Province, which was rich in cotton, it was regarded as a large-scale cotton enterprise.

Alfred has been raising prices to buy new cotton since September last year. In November, it bought 6.7 yuan / Jin for a large quantity of cotton, and a better purchase price of cotton was over 7 yuan.

In less than a month, cotton prices dropped to 5 yuan / kg from the highest peak of 7.7 yuan / Jin, and the lint of processed lint was also plummeting.

Due to the national macro-control, the domestic 328 grade cotton spot plunged sharply from the peak of 31235 yuan / ton in November 11th last year, and then dropped to 26000 yuan / ton. In December, it gradually stabilized and picked up slightly. At present, the market price is about 28000 yuan / ton.

When cotton prices fell the most, the about 10000000 Yuan invested by Alfred almost lost 3 million yuan.

"If the price continues to fall, I will live. Some of the funds are borrowed from banks or borrowed from relatives and friends. When the market is not good, someone will soon come home to collect debts.

In desperation, when selling cotton lint at a relatively low level, and then purchasing cotton seeds at a low price, the price of lint cotton is growing steadily in the near term, earning some difference from it, and the loss is reduced to about 1000000 yuan.

If we do not need capital turnover, we will not sell lint at the low level. When seed cotton is processed into lint, it will be stored in the storehouse. It will not deteriorate in a long time. It will turn yellow at the most time in a year, but it will not affect the paction.

Those factories around are basically hoarding cotton, and cotton mills with a little money are almost always shipped at low prices.

Seeing the price rebounded, Alfred lamented some of the lint sold in the previous array.

A slight steady cotton price has risen again recently.

In recent trading days, domestic and foreign spot cotton prices once again showed a sharp upward trend.

Among them, the US cotton continued trading on several consecutive trading days. In January 24th, the March contract also set a record high of 161.94 cents / pound in the past 150 years.

Zheng cotton main contract price 1109, 21 and 24 also appeared a big increase.

Under the influence of factors such as the weakening of the US dollar, severe drought in Australia and cotton, the emergence of a flood hazard in Brazil, China's signing of the US cotton activity and the India government's policy of maintaining cotton export restrictions this year, in January 21st, the international cotton index (M) representing the average price of the Chinese main port on the import cotton was calculated at 1% customs duties, equivalent to the import cost of 30692 yuan / ton, up 4.7% over the previous week.

With the rise of international cotton prices and the promotion of futures market, domestic cotton spot prices have also risen.

China cotton reserve management company recently pointed out that under the background of tight supply of cotton and continued warming of the downstream market, the current market is generally optimistic about the cotton market after the Spring Festival, and cotton enterprises are reluctant to sell their mentality.

According to previous years, cotton prices generally rose slightly after the Spring Festival.

However, what will happen in 2011? Ah Fu is still in the bottom of my mind. I feel lucky to be back. Although the price of cotton has risen by 80% in 2010, but to a certain extent, because of the speculative mentality, the highest price is still "just can't get out" to hoarse cotton, and drag itself into a deficit situation.

When cotton prices have picked up recently, Ah Fu has not had much joy. At this point, it is helpless to keep hoarding cotton. He wants cotton prices to stabilize slightly from the bottom of his heart, not to repeat the ups and downs of last year, which is a heavy blow to the industry and enterprises.