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Henan Kaifeng: The Cotton Market Is Down &Nbsp; There Is A Tendency To Fall Again.

2011/6/22 9:02:00 40

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Kaifeng Cotton In Henan

Kaifeng area of Henan

Cotton market

Continuation of the downturn trend

Cotton price

After a slight recovery in the previous period, it has been showing signs of weakness in recent days.

volume

They all declined earlier than before.

Currently local

Seed cotton purchase

The listing price is concentrated at 4.4 yuan / jin (lint 37%), and the price is down 0.1 yuan / Jin compared with the weekend.

Since the previous week

Cotton enterprises

The cotton seed purchase has not yet been resumed after the shutdown, and almost all the cotton ginning plants have been shut down. However, the local cotton growers have a higher psychological price for seed cotton. Some cotton growers have an expected value of 5.5 yuan / jin or even 6 yuan / Jin for the seed cotton. The cost of processing cotton lint at this price is as high as 26500 yuan / ton, and the cotton mill is simply not acceptable. Therefore, the seed cotton market is in the situation of two.

The local four grade lint price quoted at 23300 yuan / ton, the price fell slightly 200 yuan / ton compared with the weekend, and the turnover was very light. The head of a ginning factory indicated that the local lint buying and selling has been in a state of stagnation for nearly a month, and some ginning mills only produced dozens of tons of goods a month, and the spinning and weaving enterprises had switched to producing blended yarn because of the unsalable cotton yarn. Therefore, the demand for lint was further slowed down, although the cotton lint paction was difficult, but the enthusiasm of the ginning factory was not high, mainly due to the high cost of pre lint inventory and the shortage of stock at present.

Recently, the local cotton market has been enveloped in an atmosphere of air. On the one hand, the country is strongly expecting to tighten its liquidity and continue to raise interest rates. On the other hand, the sales of textile enterprises are basically at a standstill. The companies that stop production and limit production are still increasing. It is not long before the good turn is in the early stage, and the cotton purchase and sale in the near future are showing a slump.

According to the head of a local textile enterprise, the ratio of cotton blending in textile enterprises is showing a downward trend. The strategy is to gradually reduce the amount of cotton to reduce the production of all cotton yarn, and increase the purchase amount of polyester staple fiber. Because more textile mills in the lower reaches are buying less cotton yarn, most of them are buying relatively cheap polyester yarns. Therefore, local textile enterprises have to adjust their production materials. The official said that more than 60% of the enterprises are reducing the amount of lint stock, and this trend is likely to expand. Therefore, with the reduction in demand for cotton by textile enterprises, the possibility that the downstream consumption demand will drive cotton prices out of the doldrums is decreasing.