Dezhou, Shandong: Cotton City Continues To Weaken &Nbsp; Planting Is Underway.
In recent days,
futures prices
Oscillation declines, Dezhou, Shandong
cotton
Spot prices once again stabilized after weakening.
market
Still sluggish, sluggish sales, and wait-and-see sentiment.
April 18th, Dezhou grade three real estate cotton
offer
28500 yuan / ton (pick up, gross weight, take the ticket) around, four level 27800 yuan / ton, weak four class 27300 yuan / ton.
The purchase price of grade three seed cotton is 5.70 yuan / jin (36% of lint, 10% of moisture regain), four level 5.50 yuan / Jin.
At present, there are no market for seed cotton purchase. Most enterprises have closed down and said that they will not buy them until September, and a few enterprises, though not closed, are basically unable to get cotton, and the acquisition is at a standstill.
The current price is far below.
Cotton grower
6.00-6.50 yuan / Jin.
Psychological expectation
。
According to investigation, 70% of the cotton in some villages in Xiajin county has not yet been sold, and about 20% of the cotton in the whole Dezhou area is not sold.
The cost of early acquisition is around 29000 yuan / ton, and cotton prices are falling. Enterprises with large inventories are worried, but most cotton enterprises have only more than 100 tons of stock in stock.
In recent days, the temperature in Dezhou is relatively high. Since April 15th, cotton growers in Xiajin county and other places have been sowing in succession, basically 25 days ago. The cotton planting area is expected to be basically the same as last year.
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