The Cotton Market In The Yangtze River Valley Continues To Weaken. In Early November, Seed Cotton Sale Or Reached A Small Peak.

Recently, Hubei The main purchase price of seed cotton in Huanggang area is 2.70-2.90 yuan / jin (lint 37-38%, moisture 14%), which is basically flat compared with yesterday and bought 100 thousand Jin daily. The head of the enterprise said that since the end of October, the progress of the purchase has obviously accelerated, and the quality of seed cotton has also been improved.

It is understood that the purchase price of seed cotton in Wuhan, Jingzhou and other places in Hubei is mostly 2.60-3.00 yuan / Jin, which was slightly reduced by 0.10 yuan / Jin compared with the beginning of mid September, and the daily purchasing volume of enterprises was maintained at 5-10 Jin Jin. "Hubei cotton is of high quality and low price, which plays an important role in the Yangtze River Basin. "The boss of a ginning factory in Jingzhou said that output is Jiangsu Hunan, Jiangxi, Anhui and other provinces are among the top ones, but the impact of Hubei's cotton will be smaller after this year. Anqing, Chizhou, Anhui Unginned cotton The factory price is 2.85-3.10 yuan / jin (40% of lint, 12% of moisture regain), unchanged from yesterday, and the daily purchasing amount of the enterprise is 3-5 Jin Jin. Anqing and Chizhou are important cotton growing areas in Anhui province. A market source said that this year the Yangtze River Basin cotton industry wither is the most serious in the country.

On the 29 day, spot prices in the Yangtze River Basin continued to weaken, of which 3128 spot spot prices in Jiangsu, Yancheng and Dafeng were 12500-12600 yuan / ton, unchanged from yesterday. At the moment, there are not many enterprises to start up formally, and the stocks in hand are few and far between. "Only with production and sales, mainly sold to some small and medium-sized textile enterprises." A person in charge of a company in Yancheng said.

"The goods were very slow and only 60 tons in 10 days." On the same day, the head of a ginning factory in Yancheng said that since late October, most textile enterprises in Jiangsu, Zhejiang, Hubei and other places sent procurement personnel to Xinjiang for procurement. Recently, they have been doing business recently, but they are generally indifferent to real estate cotton. Some ginning plants will be sold for sale. cotton Transport to textile enterprises, but "goods to the ground", or sell at a loss, or run a white trip.

The market expects that by the beginning of November, the seed cotton harvest in the Yangtze River Valley will be over. When the cotton seed seed cotton is sold or reached a small peak, the price of seed cotton will continue to descend under the influence of the downstream downturn.