Hebei: Acquisition Is Still Difficult To Achieve, And The Cost Of Cross Regional Acquisition Increases

As of October 13, 2013, 136 cotton enterprises in Hebei Province had submitted lint for inspection, and the inspection results of most of them were satisfactory. Although the quality of seed cotton has improved, some cotton enterprises in Xingtai, Hebei Province have actively purchased seed cotton, adopting flexible ways to purchase, and the production of lint is mainly delivery and storage.

White cotton secondary gradually increased

At present, the quality of the medium spray flower has begun to improve. The inspection results of most cotton enterprises in producing lint are relatively ideal, and the inspection results of some enterprises have improved. The number of white cotton grade 2 has gradually increased. However, because the new national standard sets the grade by color grade, mainly by two indicators of yellow depth and brightness, the quality of purchased seed cotton and the quality of lint processing are good or bad, The impurity content of lint affects the results. Therefore, some cotton enterprises still have white cotton grade 4 and light spot dirty cotton grade 2, with a high discount.

Acquisitions are still difficult to scale up, and cross regional acquisition costs increase

Although it has entered the stage of mid spray purchase, it is still difficult for enterprises to purchase seed cotton, which is mainly reflected in the following aspects: First, affected by the decline in the total output of seed cotton in various regions, the local seed cotton quantity is difficult to maintain the production needs of local cotton enterprises. In order to increase the purchase quantity, some enterprises have gone to the surrounding areas, Shandong and Tianjin to purchase, However, due to the high price of seed cotton everywhere, the price of seed cotton transported home by enterprises is 0.05 yuan/jin higher than that of local purchase, which increases the production cost of enterprises. According to the person in charge of a local enterprise, it is almost "chicken ribs" to go to other places for purchase at present. The enterprise is in a dilemma. If it closes, it will be hard and profitable, and if it does not, it will be even more unprofitable. The difficulty of seed cotton purchase this year is far greater than that in previous years. Second, cotton farmers who have reduced seed cotton production are reluctant to sell in order to ensure their own cotton planting interests.

60% of seed cotton is picked, and cotton farmers reluctantly accept the purchase price

At present, the local seed cotton picking has reached 60% to 70%. Cotton farmers themselves have high expectations for the purchase price of seed cotton in the new year. The current purchase price is barely acceptable, but it is only sold sporadically at present. If the purchase price of seed cotton is lowered, it is difficult for cotton farmers to accept it, and the purchase of seed cotton may stagnate. Third, the purchase price of seed cotton is high, and the enterprise funds are seriously occupied. Most of the local cotton enterprises are self financing, and the interest expense is relatively high. In addition to the slow return of funds this year, the profit space earned by the Stock Exchange is further compressed. If the level 3 inspection result of white cotton acquisition shows that the level 2 cotton is slightly polluted, the enterprise will be in a loss situation. Therefore, the enterprise will always be cautious when purchasing seed cotton this year.

On October 14, the mainstream purchase price of local white cotton grade 3 seed cotton (36% lint percentage, 12% moisture regain) was 4.27 yuan/jin, and the purchase price of white cotton grade 4 seed cotton was 4.17 yuan/jin, with daily purchase quantities ranging from nearly 50000 kg to 100000 kg. At present, the sales price of cottonseed has risen slightly by 1.35 yuan/jin, and the price of cottonseed fluctuates. Cotton enterprises should process and sell cottonseed as soon as possible to ensure revenue. Based on a 3% loss and processing expense of 800 yuan/ton, the production cost of white cotton grade 3 lint is 19900 yuan/ton, and the production cost of white cotton grade 4 lint is 19400 yuan/ton. At present, because the purchase of seed cotton is medium spray, the inspection results of most cotton enterprises have improved. The inspection results show that some white cotton grades 2 appear, and the profit space for enterprises to deliver and store has increased. Enterprises are seizing the time to purchase seed cotton.

Fiber inspection personnel enter the warehouse, and cotton enterprises speed up processing

It is understood that the local delivery and storage warehouse has fiber inspectors stationed in the warehouse for notarial inspection. If the inspection is successful, it is expected that within one month or less, the contract payment for goods delivered and stored in the early stage will be recovered. Therefore, cotton enterprises will speed up processing while increasing acquisition in order to obtain greater revenue.