Hebei Cotton City Plunged Into "Life And Death Robbery" Difficult To Extricate Oneself

As of March 18th, most of the cotton in Hebei province remained calm and the market participants were struggling.

On the same day, Cangzhou type 400 cotton seed price 2.90-3.15 yuan / jin (lint 39%, moisture regain 11%), individual 200 type ginning factory is also in the acquisition, with low and medium grade cotton purchase mainly, white cotton price in 2.50-2.75 yuan / Jin, light spot cotton in 2.0-2.3 yuan / Jin.

"The price is too low now, and it is miserable."

Many cotton farmers reflect that after a spring festival, after the festival, they are "miserable realities". Seed cotton is still falling and cotton farmers are still selling cotton.

Up to now, the whole province

The sale has been completed about 80%, and the whole is slower than the temporary storage and storage era.

However, the progress of seed cotton sale in the province has also shown unbalanced market characteristics.

Among them, Cangzhou, Hengshui, Xingtai and other places were slightly faster, and completed 85%-90%; Handan, Shijiazhuang, Baoding and other places were relatively slow, only about 70%.

"In the final analysis, the distribution of ginning plants is uneven."

A market person introduced

The ginning plants in some areas of southeast Hebei Province are relatively concentrated, while the number of ginning plants in Jizhong, Hebei and western regions is relatively small.

According to market speculation, in late March or early April, Hebei

The whole line will be shut down.

The main reasons are: first, the amount of seed cotton is low and the quality is poor.

Judging from the recent acquisitions of some ginning plants, most of the cotton seeds in the long run can't reach 3500 Jin of seed cotton, and most of the market cotton seeds are light cotton, stiff petals and grey black cotton. By the end of March, it is likely that "one cotton is hard to get".

Second, the vast majority of ginning mills are running poorly.

Cangzhou real estate cotton 3128 level price 13200-13300 yuan / ton, 4128 level 12600-12700 yuan / ton, 2227 level price 12400-12500 yuan / ton.

"It seems to be about 200 yuan / ton before the Spring Festival, but this is a" bright rise and dark fall ".

The head of a ginning factory in Baoding said that during the actual paction process, the ginning plant usually had to deliver to the cotton making enterprises, and the ginning factory also had to bear the cost of pportation, loading and unloading, and at the same time, the wind of credit did not stop. Many large and medium-sized enterprises generally account for 30-40 days, increasing the financial burden of the cotton mill.

As a result, the actual paction price of real cotton is down 200-300 yuan / ton after the Spring Festival.

Not only did the ginning mills work hard, but many of the oil mills also became increasingly difficult.

In March 18th, the owner of a certain oil refineries in Handan introduced that up to now, the price of cottonseed to 1.17-1.18 yuan / Jin has risen 0.02 yuan / Jin compared with last week.

First of all, cottonseed is such a "dark" situation that the cost of cottonseed oil extraction is increasing. Secondly, cottonseed oil and cottonseed meal are generally weak and their stocks are rising.

At present, the factory price of three grade cotton oil is 4520 yuan / ton, which is 40 yuan / ton lower than last week. The price of 40% cottonseed meal is 2360 yuan / ton, and 42% protein factory price is 4480 yuan / ton, which is 100 yuan / ton lower than last week.

For a week, their cottonseed oil and cottonseed meal was not shipped, and the company is now in a tight financial position.

In particular, the external market is sluggish, and downstream consumption is not improving. It is expected that the market of cotton byproducts will not be much better.

The operation of the oil refineries is also a "boiled frog in warm water". Sooner or later, it is a "death".