Cotton Prices Dropped &Nbsp In Jizhou, Hebei, And Cotton Mills Suspended The Takeover.

Recently, Japan's strong earthquake, nuclear radiation crisis and Shandong Wei Qiao textile were lowered.

Affected by this, some cotton factories in the city suspended seed cotton purchase and led to a sharp decline in seed cotton purchase in the city.

In March 11th, there was a 9 strong earthquake in Japan. The tsunami and nuclear radiation caused heavy losses to the Japanese economy. The stock and futures markets in the world were very green, and the price of electronic dishes at home and abroad was also deep in the market.

Shandong Wei Qiao textile Limited by Share Ltd also joined the cotton price reduction camp. On 14 and 16 days, they made two consecutive days of naughty cotton price of 1000 yuan / ton, of which 3 grade lint purchase price was 29000 yuan / ton (deliver, take the ticket, weight, account period for more than half a month, the same below), 429 level 28700 yuan / ton, 427 level 28300 yuan / ton.

Affected by this, some Cotton Traders' confidence in Hebei Jizhou has been hit hard, and the spot sale price has been panic dropping.

From 11 to 16 days less than a week, the city's three grade Xinjiang cotton pick up.

On the 17 day, the sale of the four grade real estate cotton was quoted at 30000 yuan / ton, down 300 yuan / ton compared with 16, five yuan real estate cotton 28000 yuan / ton, 500 yuan / ton lower than 16 day.

When prices continue to rise, the market does not seem to see much cotton; once the price is falling, everyone is trying to sell cotton, but few textile companies are looking for it at this juncture.

Cotton prices continue to fall, similar to recent cotton yarn.

On the 17 day, the city also bought a three cotton seed purchase price of 6.20 yuan / Jin in the cotton factory, and 6 yuan / jin at the four level, and 5.90 yuan / Jin in the same price, which decreased 0.30 to 0.50 yuan / Jin compared with 11 days.

For a time, the cotton farmers in the city were reluctant to sell, and the cotton factories stopped collecting and carefully collected, and no more than 90 thousand kilograms of scenery were bought at the beginning of the month.

On the 17 day, the sales price of local cottonseed was 1.73 yuan / Jin, which dropped by 0.12 yuan / Jin compared with 11 days, and decreased 0.03 yuan / Jin compared with 16 days.

According to the average linen rate 37%, attrition rate 2% and cost 600 yuan / ton, the cost price is three class 28400 yuan / ton, four grade 27970 yuan / ton, five grade 27420 yuan / ton.