The Price Is Low And The "Tail Cotton" Is Difficult To Pick.

The current value is at home.

According to the futures daily November 16th, Shandong is an important cotton producing area in the mainland of China.

It is understood that the cost of planting cotton in this area is 500 yuan per mu this year.

China's cotton production has increased overall this year, especially in Xinjiang.

However, in the Xinjiang area, many large farmers and farms also encountered difficulties in picking flowers.

According to Zhang Wenmin, Wanda futures, up to now, Xinjiang cotton has picked 70% - 80%, but due to the weak demand in the downstream, plus the recent heavy snow in the northern Xinjiang region, the cotton seed picked by cotton farmers is not good enough to sell. It is even harder for cotton farmers to find flowers. The cost of local flower picking has risen to 1.5 yuan / Jin.

It is understood that about 23000000 acres of cotton were planted in Xinjiang this year and 40% to 45% of the northern Xinjiang area. Due to the difficulty of picking flower workers, the Xinjiang Construction Corps and so on had to use mechanical cotton picking. The quality of "machine picked cotton" was inferior to that of "people picking cotton", plus cotton prices for a long time.

At present, the purchase price of Xinjiang grade 4 seed cotton is between 3.75 yuan and 3.9 yuan / jin (40 of lint), and the production situation is not optimistic.

In February 18th, the main contract price of zhengmian 1205 was 34500 yuan / ton, and the closing price of the contract yesterday was only 20335 yuan / ton, less than 9 months, with a total decrease of 14165 yuan / ton.

Over the same period, domestic spot cotton prices have fallen even more, and cotton farmers, like cotton farmers, have suffered a lot.

"From the downstream industry of cotton, the situation of cotton market downturn may continue for some time."

Wang Xiaoyan, a textile enterprise business manager, said that although the downstream textile enterprises had their own core products and export agents, the factory orders remained stable, such as YOUNGOR, Dongguan Fu'an, Foshan, Yida and other enterprises, which had strong domestic sales, but small textile enterprises in the middle of the industrial chain were in a difficult situation, facing the high cost of capital and the high pressure of inventory pfer on capital management.

"In addition, the pressure of the cotton mill is relatively large.

Because of the high inventory of fabrics and no ability to pfer, these small businesses are not having a good time. "

From the recent closure of the Canton Fair, there are only a small number of African customers, with almost no orders from Europe and the United States.