The Cotton Industry In The Yangtze River Valley Is On The Decline, And Seed Cotton Prices Continue To Decline.

This year, the cotton industry in the Yangtze River Valley withered is the most serious in China.

Since late October, most of the textile enterprises in Jiangsu, Zhejiang and Hubei have sent procurement personnel to Xinjiang to purchase, and have recently concluded pactions, but the general attitude towards real estate cotton is cold.

In October 29th, the mainstream purchase price of cotton seed in Hubei Huanggang area was 2.70-2.90 yuan / jin (lint 37-38%, moisture 14%), which was basically flat compared with yesterday and acquired 100 thousand Jin daily.

The head of the enterprise said that since the end of October, the progress of the acquisition has accelerated significantly.

There is also a certain improvement.

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.

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High quality and low price play an important role in the Yangtze River Basin.

"The boss of a ginning factory in Jingzhou said that the output was the top in several provinces such as Jiangsu, Hunan, Jiangxi and Anhui, but it is expected that the influence of Hubei cotton will be smaller and smaller after this year.

Anhui Anqing, Chizhou seed cotton to the factory price of 2.85-3.10 yuan / jin (lint 40%, moisture regain 12%), compared with yesterday, the daily purchasing amount of the enterprise is 3-5 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 that day, a certain Yancheng

Responsible person said that since late October, Jiangsu, Zhejiang, Hubei and other places most of the textile enterprises sent procurement personnel to Xinjiang to purchase, recent pactions, but the general attitude towards the real estate cotton is cold.

Some ginning plants sell cotton to textile enterprises for sale, but "goods go to the top of the land", or they sell at a loss or run in white.

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.