Cotton Harvest Fast Sales Slow Cotton Market Presents A Weak Feature

China cotton and country

The cotton project team of the industrial technology system, in October 15, 2012, fixed the survey on the harvesting and sale of 2200 designated farmers in 92 counties (regiments and farms) of 15 provinces in Sichuan, Hunan, Hubei, Anhui, Jiangxi, Jiangsu, Henan, Hebei, Shandong, Shanxi, Xinjiang, Gansu, Liaoning and Kyrgyzstan.

First, seed cotton harvest progress is faster than that of last year.

By October 15th, the national cottonseed cotton collection progress was 65.2% (Table 1), 2.8 percentage points increased to 4.5%, which indicated that the cotton opening in this year was better than the same period last year, and the harvest was faster.

Since mid September, the temperature in most cotton regions of the country is normal, with little rainfall and sufficient light.

Except for the slow progress of harvesting in the Yellow River, the three major river basins are speeding up the Yangtze River and Northwest China.

Among them, the recovery rate of the Yangtze River was 62.2%, an increase of 14.5 percentage points and an acceleration of 30.5% over the same period of last year. The recovery rate in the Yellow River was 66%, a decrease of 7.6 percentage points and a decrease of 10.3% over the same period.

The slow progress of harvesting in the Yellow River is related to farmers waiting for more wadding and less harvesting. In October 21st, some cotton fields in Southern Hebei Province were not harvested.

The northwest harvest recovery rate was 66.2%, an increase of 3.5 percentage points over the same period, and accelerated by 5.6%. The temperature in the northern Xinjiang was normal, and the harvest was fast. In the southern part of Xinjiang, due to the enlargement of the mining area, the suitable mining time was after October 15th, and the temperature was low, and the first frost came early, and the harvest progress slowed down.

Two, the progress of new cotton sale is slightly slower than the same period last year.

By October 15th, the turnover rate of cotton seed sale in the whole country was 20.8%, a decrease of 0.1 percentage points, or 0.2% slower than that of the whole year.

The three major cotton regions are speeding up their diplomatic sales except for the Northwest (Table 2).

The Yangtze River sales progress was 19.8%, an increase of 6.2 percentage points over the same period, an acceleration of 45.8%; the the Yellow River sales progress was 12.5%, an increase of 6.2 percentage points over the same period, accelerating 99.6%; the Northwest sales progress was 30.4%, a decrease of 13.1 percentage points over the same period, slowing down 30%, of which the northern Xinjiang harvest was faster than that of the southern Xinjiang, which was related to the peak mining in the southern Xinjiang in October 15th, and then to the cotton ginning and the sale.

As the cost of flower collection increases and the price decreases,

There is also a phenomenon of reluctant sale.

Three, seed cotton prices decreased by 5.3% compared to the same period, the market showed a weak feature.

By October 15th, the price of seed cotton was 7.94 yuan / kg, down 5.3% (3) compared with the same period last year (three). The price of seed cotton in the three major river basins decreased in different degrees. The prices of seed cotton in the Yangtze, the Yellow River and northwest provinces were 7.91 yuan, 8.19 yuan and 7.73 yuan / kg respectively, representing a decrease of 2.5%, 1.3% and 11.7% respectively, showing a weakening market.

Because of its good quality and high grade, it increased by 0.12 yuan / kg and 1.53% in September.

The three major watersheds increased by 5.7% in the Yellow River's ring ratio, 2.3% in the Yangtze River chain, and 4.6% in the northwest link. The decline of the Corps was 6.5%, which may be related to the decline in cotton seed prices, the expansion of the mining area and the two settlement.

Four. Collection and storage progress and early delivery proposal

1, collection and storage progress.

During the 8-15 day of October (Table 4), the planned reserve was 645 thousand T, and the paction cost was 459 thousand T, accounting for 70.8% of the planned purchase and storage.

According to the statistics of China Cotton Association, by October 15th, the average price of seed cotton was 8.66 yuan /t, and lint 19401 yuan /t.

Among them, the average price of Xinjiang seed cotton is 8.71 yuan /t, lint cotton 19861 yuan /t; the mainland average price seed cotton 8.62 yuan / kilogram, lint 18949 yuan /t.

2, the progress of sale and purchase is slow and prices are falling.

According to the understanding in the middle and upper October in southern Xinjiang, Hebei, Jiangxi and Hubei, because of the weak market, the new cotton market is only supported by the government's purchase and storage. Because of its outstanding role, the enthusiasm of purchasing and storing enterprises is not high, and its purchasing and processing enterprises are also mainly looking for storage.

In addition, some production areas have not yet started because of the lack of storage and acquisition enterprises, resulting in slow progress in the sale of cotton farmers, and the decline in purchasing prices and the weakening of the market.

3, early sale.

In view of the weak market this year, cotton growers should seize the harvest on sunny days, collect and sell at the same time, do not wait, do not concentrate, do not sell, do not wait and see, and do not expect to raise prices.

4, strengthen supervision and supervision.

Affected by the global economic downturn and

product

Export reduction and other adverse factors, the market is generally worried about the downward trend of new cotton prices, worried about the difficulties of selling and pressure levels and other issues.

Therefore, it is suggested to strengthen the supervision and supervision of the temporary purchasing and storage policy, so as to enhance the implementation effect of the temporary purchase and storage policy.