The Unstable Temperature Leads To The Reduction Of Cotton Area In The Yangtze River Basin.
According to Cotton Traders' feedback, Xinjiang cotton, especially the middle and low grade cotton, is already full of cotton. The cotton price is expected to drop in the near future.
Recently, the weather has cleared up, the temperature has gradually increased, and the soil moisture is just right.
Cotton grower
Seize the farming season and intensify the spring sowing.
According to a cotton grower in Suizhou, Hubei, his family began planting 14 days ago, and still used the traditional way of raising and pplanting nutritious bowl. However, this year we plan to sow 11 mu of cotton, which is 4 Mu less than last year, and will grow more land crops.
The cotton growers say that most other villagers in their villages have reduced their cotton planting area, which accounts for about 60% of cotton farmers who abandon cotton to grain.
A market source said that this year the Yangtze River Basin
cotton
Large area reduction has no suspense.
According to China Cotton Association's cotton planting intention survey, this year the Yangtze River Basin intends to grow cotton area of 7 million 705 thousand mu, down 42.76% from 13 million 460 thousand and 300 mu in 2014.
However, judging from the enthusiasm of the farmers and seed sales, the market is estimated this year.
Yangtze river basin
The area of spring sowing is likely to decrease.
Cotton prices continued to fall.
On the 14 day, the 3128 tier real estate cotton market in Jiangsu and Hubei was quoted at 13200-13400 yuan / ton, a slight decrease of 50 yuan / ton compared with last week, and a decline in low quality cotton, of which 4128 was quoted at 12500-12600 yuan / ton, down 150-200 yuan / ton compared with last week, and 227 grade at 12300-12400 yuan / ton, down by 200 yuan / ton.
Because cotton is unsalable, it is not possible to exclude some manufacturers from continuing to lower prices.
Xinjiang cotton "ice and fire two days".
Xinjiang's long staple cotton price is hard to find, of which 137 level quotas have reached 28500 yuan / ton, up 200 yuan / ton compared with last week.
Hand picked cotton and machine picked cotton fell together.
On the 14 day, the 3128 grade hand picked cotton warehouse in Jiangsu, Yancheng and Dafeng was quoted at 13700-13900 yuan / ton, and the price of machine picked cotton was 13300-13400 yuan / ton, with a decrease of 100 yuan / ton.
The cotton market is also permeated with a pessimistic and negative atmosphere.
There is a great increase in inventory pressure in ginning plants.
A boss of a ginning plant in Yancheng, Jiangsu, said that the stock of lint in their factory today is about 800 tons, with 3128, 4127, 2227 and a small number of 2327 grades. Apart from being asked about 3128 grade cotton on and off, the rest of the grade cotton is basically unattended.
They intend to "bundle" sales, and buy the same grade of low-grade cotton when buying grade 3128 cotton, which is rejected by the buyer.
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