Hebei Handan Cotton Continued To Decline &Nbsp; Wait-And-See Thick
In March 30th, the 8 ministries and commissions of the national development and Reform Commission jointly issued the 2011 storage and storage forecast.
lint
The lowest price of 19800 yuan / ton, immediately aroused great debate and debate in the market.
The information staff investigated and analyzed the spot market in Handan, Hebei, and the policy of purchasing and storage increased the difference between the industry and the market.
Zhang manager, director of a 400 type enterprise, said the purchase and storage had always been a national regulation.
Market supply and demand
An important means of stabilizing prices is the 19800 yuan / ton price difference with the current lint market price per ton, which is considered to be bad.
Therefore, Mr. Zhang has arranged business personnel to contact several textile mills in Shandong to prepare for selling 120 tons of his stock.
But cotton merchant Lee boss is another way of thinking. He said that at this time, the state would issue an inventory forecasting system just to build an effective long-term mechanism, which would not pose a threat to the current market, and it would be good news in the long run.
Divergence of opinion allowed the market to flow, and the price of lint and seed cotton fell.
On the 1 day, the three grade Bali cotton was 30100 yuan / ton (pick up, gross weight, with the same ticket), four level 29700 yuan / ton, four four 29400 yuan / ton, five grade 26900 yuan / ton, the overall price fell by 100 yuan / ton.
Xinjiang cotton fell slightly, two level 30900 yuan / ton (delivery price), three level 30600 yuan / ton, four level 30300 yuan / ton, compared with the previous fell 100 yuan / ton.
Textile enterprises mainly rely on wait-and-see. The Handan market has not seen the purchasing staff of textile enterprises for a week, and even cotton merchants who look at cotton are rare.
The acquisition of seed cotton is basically stagnant and the market is very cold.
Weak grade three
Unginned cotton
The price is 5.83 yuan / jin (lint 37%, moisture regain 10%), four class 5.75 yuan / jin (the same as above), and the four or more flowers are 5.77 yuan / Jin, all of which are 0.02 yuan / Jin than before.
At present, the local cotton farmers' spring sowing has not yet been launched, mainly due to the colder weather, and it is estimated that the spring sowing may be postponed for 3-4 days.
From the cotton farmers' preparations, the spring sowing area will increase this year.
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