The Cost Of Cotton Rises And Prices Drop By &Nbsp.

After the beginning of winter, the whole country

Recently, domestic seed cotton purchase prices have continued to fall, and many large cotton farmers say that if they continue to fall, they will replant other crops next year.

According to a survey conducted by the China Cotton Association in Gaoyang County of Hebei Province, the total cost of cotton planting by local cotton contractors is around 1700 yuan / mu, an increase of more than 30% over the previous year, of which land rents rose by 33% and the cost of collecting flowers increased by 50%.

At present, some cotton fields still have 40-50 Jin / mu.

Last week (November 7th -11), with the increase in storage and storage, the decline in cotton sales and seed cotton purchase prices slowed down, especially in Xinjiang cotton region, where prices had basically stabilized.

According to the China Cotton Association processing branch survey, last week, the average purchase price of the 328 level seed cotton week in the mainland was 8.26 yuan / kg, down 0.09 yuan / kg compared with the previous week, a decrease of 0.8 percentage points, and the average purchasing price of 329 level in Xinjiang was 8.20 yuan / kg, which was basically equal to 8.21 yuan per kilogram the week before.

As the market price is lower than the purchase and storage price, storage and storage become the first choice for enterprises. However, the quality and time requirements of the purchase and storage are stricter, the profit margins are narrow, and the processing enterprises dare not open the purchase. Most enterprises operate cautiously through strict control over the quantity, price and quality of the purchase, and some enterprises reduce or stop buying.

Since November, the price of domestic lint has been slowing down under the support of purchasing and storage policy. However, affected by the market downturn and the downturn in sales of gauze, most textile enterprises are buying along with the purchase, and the majority of small, short and majority processing businesses are still low.

China cotton price index (CC)

Index328) closed at $19258 / ton for the weekend, down 35 yuan in the whole week.

Domestic electronic disk divergence, Zhengzhou cotton futures contract settlement price CF111 weekend settlement of 19500 yuan / ton, 155 yuan higher than the previous week; the average price of electronic matching MA1111 contract closed at 18524 yuan / ton, compared with the previous week by 359 yuan.

When the weekly planned reserves increased, the cumulative weekly storage and storage plan increased from 267 thousand and 100 tons last week to 333 thousand and 300 tons, an increase of 24.8%. The actual turnover increased from 154 thousand and 820 tons last week to 166 thousand and 160 tons, an increase of 7.3%, of which 117 thousand and 440 tons were traded in Xinjiang and 48 thousand and 720 tons in the mainland.

As of November 11th, 2011 cotton temporary storage and storage totaled 417 thousand and 40 tons, of which 299 thousand and 80 tons in Xinjiang accounted for 71.7%, 117 thousand and 960 tons in the mainland, accounting for 28.7%.

Over the same period, the European cotton prices rose and fluctuated frequently during the week, with a slight decline in the whole week, due to the twists and turns of European debt problems and the improvement of US cotton export data.

In November 11th, the New York futures market closed down 0.5 cents in the recent contract settlement price of 99.24 cents / pound.

Cotlook

The A index was 107.4 cents / pound, down 0.65 cents from the previous week.

China's cotton import price index rose slightly, the weekend was 113.53 cents / pound, the tariff of 1% was 18404 yuan / ton, lower than the domestic similar level 854 yuan, the discount price was 18868 yuan / ton, lower than the domestic 390 yuan.