Seed Cotton Prices Continue To Fall, Textile Market Continues To Slump

Cotton will remain weak in November.

Data show that, 11-12 months, it is the off-season of domestic textile industry, textile market continues to slump, demand is still difficult to boost, lint market pactions are not active.

Entering the middle of November, the the Yellow River River Basin

Continue to fall.

16, Shandong Dezhou seed cotton purchase price 2.95-3.10 yuan / jin (lint 39%, moisture regain 12%), compared with last Friday (13 days) fell 0.02-0.03 yuan / Jin.

"A small drop, not as big as expected."

On the same day, the owner of a 400 type Xiajin ginning factory said that, because of the hard selling of the spot, all the ginning mills have the idea and action to adjust the price of the seed cotton, but the downstream cotton farmers have a strong willingness to get the price, so the short fall space is not very large in the near future.

In Hebei, Cangzhou, Hengshui and other places, the mainstream price of seed cotton 2.85-3.00 yuan / jin (lint 39%, moisture regain 12%), compared with last Friday (13 days) fell 0.02 yuan / Jin line, individual 40-41% linen seed cotton price 3.05-3.10 yuan / Jin, cotton farmers no longer sell seeds cotton, actively sell, but generally "

"Sale" results in seed cotton mixing and mixing.

According to market survey, as of mid November, the the Yellow River River seed cotton picking was completed by more than 97%. Only a few cotton farmers in southern Henan and southwest Shandong have not been picked yet.

But seed cotton sale progress is very slow, the market estimated the most recently completed 30%, 40% in some areas.

The slow progress this year was due to the fact that seed cotton was opened at a low price in October, and cotton farmers generally refused to sell, which delayed the best time to sell seed cotton. Two, in November, cotton growers were reluctant to sell, but all the ginning mills were adjusting the price of seed cotton and stopping the harvest and stopping production because of the low and difficult selling price.

Recently, a large number of Xinjiang machine picked cotton arrived in the mainland.

16, a cotton trader in Shijiazhuang, Hebei, introduced

Hebei warehouse delivery price 3128B level 12800-12900 yuan / ton, slightly lower individual quality is also 12600-12700 yuan / ton, compared with the real estate cotton price slightly or flat.

And the 3128B class Xinjiang pick-up cotton Akesu platform delivery price is only 12300 yuan / ton line, spinning low spin yarn enterprises generally recognized this year's machine picked cotton, so the recent volume increased rapidly.

Many cotton traders have also started the cotton picking business.

"High quality hand picked cotton is hard to find, and prices are rising rapidly now."

A market personage reflects that the pick-up price of hand picked cotton 3128B class warehouse in Shandong is 13400-13500 yuan / ton, 2128B level reaches 13600-13700 yuan / ton, and some textile enterprises to attract high-quality cotton and even raise the price by 300-500 yuan / ton. The quality Xinjiang hand picked cotton or will take off.

Due to the impact of Xinjiang cotton, sales of real estate cotton in the the Yellow River River Basin are still weak, and the price is maintained at 12200-12800 yuan / ton.

According to analysis, cotton will remain weak in November.

The first reason is that the weak futures market oscillates and fails to give good guidance to the commodities market. Two, the export of textile and clothing continues to decline year by year, and the demand weakness has not changed.

Data show that in October 2015, China exported about 23 billion 654 million US dollars in textile and clothing, a decrease of 10.87% compared with the same period last year, and a decrease of 12.10% in the ring ratio.

11-12 months, it is the off-season of the domestic textile industry. The textile market continues to slump, the demand is still difficult to boost, and the lint market is not active.