Cottonseed Prices Continue To Fall, "Seed Cotton" Purchase Progress Is Affected

In the past week (9-15 November), the main cotton producing areas in China turned cold, and the quality of seed cotton decreased.

The takeover price has gone up and down, and there has not been a big oscillation. Cotton farmers' selling mentality has been slightly reduced, and the psychology of selling price has gradually dominated.

However, the processing of lint in cotton ginning plants is mainly for storage, and the quality requirements for seed cotton are still high, while the price of cottonseed presents a downward trend, which further limits the enthusiasm of the enterprises to purchase, and the overall purchase and sale of the market is stable.

In addition, in order to get the money back as soon as possible, cotton enterprises can not afford to pay for the storage of cotton linen.

The picking of cotton seeds in the main production areas of the Yellow River basin is basically over. At present, the purchase price is generally around 4.20 yuan / kg (38% of lint, 10% of water), which is basically the same as that of the previous week. The acquisition of the 400 type enterprises is prudent, and the progress of seed cotton sale is slow.

Some of the enterprises in Hebei have failed in processing cotton linen due to quality problems, and the pressure of cotton enterprises is increasing. Once the market has a hint of trouble, enterprises immediately stop or reduce revenue to avoid risks.

In addition, the mainstream price of cottonseed is 1.08 yuan / Jin, down 0.02 yuan / Jin compared with the previous week, although the decline is not very big, but still has a certain impact on seed cotton purchase.

The picking rate of the main production areas in the Yangtze River Valley is over 85%, and most of the cotton fields only have a small amount of autumn peach. Due to the decrease of seed cotton grades, the water content is rising, and the seed cotton price has a callback trend.

The enthusiasm for sale has been improved, and with the increase of the storage and storage points, and the larger reserves, the cotton enterprises have a relatively stable mood, and the overall progress of seed cotton purchase and sale has accelerated.

At present, the mainstream price of seed cotton is 4.15-4.20 yuan / Jin, (lint 38-39%, moisture 13%).

The price of cottonseed is between 1.05-1.10 yuan / Jin, down 0.05 yuan / Jin compared with the previous week.

It is also understood that Anhui's early acquisition of the 200 type enterprises have been delisting, the seed cotton sold to 400 enterprises to retain costs.

The seed cotton in the southern part of the northwest inland is listed as picking fast, opening the scales early and ending early. Most of the cotton mill's acquisition time is only one and a half months. With the new cotton picking in the later stage, enterprises begin to gradually reduce the purchase amount. Only a few enterprises are making the final "sprint". The first 3 grades of seed cotton quotations are 9.05-9.10 yuan / kg (about 40% of the clothes and 13% of the moisture content), which is basically the same as the previous week.

With the advent of winter in North Xinjiang, the quality of seed cotton has declined, and the enthusiasm of cotton farmers has been increased. The quality of enterprises has been strictly controlled, and the bid price of seed cotton has been around 8 yuan / kg.

In addition, cottonseed price quoted at 1.95 yuan / kg, compared with the previous week fell 0.05 yuan / kg, cottonseed

Continued decline, the cotton mill's enthusiasm for purchasing seed cotton has declined.