Cotton Will Remain Weak In November

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 to 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 reluctant to sell seed cotton, actively sell, but generally "a cotton" sale, resulting in seed cotton mixed, mixed grade.

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.

In mid November, seed cotton prices in the the Yellow River River Basin continued 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 boss of a 400 type cotton ginning mill in Xiajin said that because of the hard spot sale, the ginning plants had the idea and action of adjusting the seed cotton price downward, but the cotton growers in the downstream had a strong desire to raise their prices, so there was little room for seed cotton to drop in the near future.

According to market survey, as of mid November, the the Yellow River River Basin

More than 97% of the harvest was finished. Only a few cotton growers in southern Henan and southwestern Shandong have yet to be picked.

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 is due to the fact that seed cotton was opened at a low price in October.

Generally reluctant sale, postponed the best time to sell seed cotton; two is entering November, cotton growers reluctant to sell loose, but the ginning plants are all low and difficult to sell because of low commodity price, collective downward adjustment of seed cotton prices and stop harvest, stop production, resulting in seed cotton sales continue to be unlimited.

Recently, a large number of Xinjiang aircraft.

Transport to the mainland.

On the 16 day, a cotton trader in Shijiazhuang, Hebei, said that the current pick up price of Xinjiang's machine picked cotton warehouse in Hebei province was 3128B yuan 12800-12900 yuan / ton, and the slightly lower individual quality was 12600-12700 yuan / ton, which was lower or flat than the real estate cotton price.

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 machine - 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.