Hebei Hengshui Lint Has Fallen &Nbsp For A Long Time, And There Is No Deal In The Seed Cotton Market.
Recently, domestic
Cotton price
Continued decline, 7 days, Hengshui, Hebei
lint
Down 100-200 yuan / ton.
Unginned cotton
Down 3-5 points, the local has been a week down, the total
Decline
500-1300 yuan / ton.
Yes
Stock
In the process of going stock, enterprises seem unable to cope.
Unsalable
Not only for enterprises to return
capital
It brings difficulties, and
loss
It is a foregone conclusion.
On the same day, the three grade lint price was quoted at 23100 yuan / ton (delivery price, gross weight settlement, the same below), weak three level 22700 yuan / ton, four level 21900 yuan / ton, all of which fell 100-200 yuan / ton compared with yesterday.
Most local enterprises are in a profit state before the Spring Festival. At present, they are losing money, because the price of cotton has declined greatly, and inventory has become a stumbling block for enterprises. Even if all the cotton lint is sold now, the loss is also a foregone conclusion.
Due to the expectations of the market, most local processing enterprises reluctantly cut meat, even if the loss also increased sales of lint, to the market has added a haze atmosphere.
On the same day, the price of seed cotton was three yuan, 4.50 yuan / jin (38% of lint, 10% of moisture regain), four level 4.33 yuan / jin (the same as above), and each Jin was 3-5 cents lower than yesterday.
The vast majority of enterprises have stopped collecting, concentrate on selling inventory, and seed cotton market basically no record of paction.
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