Can The Reserve Cotton Rotation Policy Curb Cotton Prices And Stabilize Cotton Prices?

Entering the March, the whole country

It is still a cry of "Hawking". It is worth noting that the promotion is not only about the quality of lint, but also the high price of "double 29" and "double 30".

Also entered the price reduction stage.

In March 4th, a head of a cotton enterprise in Jingzhou, Hubei said that not only local businesses, but also cotton traders are stepping up sales.

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For example, a cotton trader's stock is mainly 3128B class and 2129B class of Xinjiang origin. The current quotations are 12350 yuan / ton and 12650 yuan / ton, respectively, which is 300-400 yuan / ton lower than that during the Lantern Festival.

Now Xinjiang cotton is almost nobody, but in the face of huge financial pressure, they can only sell at a reduced price.

Real estate cotton manufacturers are more anxious.

A person in charge of a factory in Yancheng said that the local cotton producers usually graded their quotes according to the length index, taking the 31 level as an example, of which 28mm quoted 12200 yuan / ton, 28.5mm reported 12300 yuan / ton, and 29mm reported 12500 yuan / ton.

"It is hard to see cotton with a fiber length exceeding 28mm in real estate cotton."

The official said that because the real estate seed lint length, horse value is high, the actual price is particularly low, the local lint 3127B class mainstream price mostly in 11200-12000 yuan / ton.

"The price should be lower."

Many cotton merchants and cotton enterprises say that cotton is now "abyss before, and then there is a pursuit of troops". The sooner cotton is sold, the more it can get away, otherwise it may get stuck in a quagmire.

Not only is the fine wool cotton under the storm of manufacturers eager to cash in, but even long staple cotton can not escape.

A long staple cotton merchant in Jiangsu said that the 137 grade Xinjiang local long staple cotton price was 22600 yuan / ton, and the 237 grade 21700 yuan / ton, which was nearly 700 yuan / ton before the Spring Festival holiday.

"No one in the street."

According to the cotton trader, they still have more than 900 tons of staple cotton produced locally in Xinjiang and are facing huge losses.

Similar to the situation of enterprises, cotton farmers' willingness to sell cotton has also been enhanced recently.

According to the national cotton market monitoring system data, as of the end of February, the mainland made nearly 80% progress in sales, and the progress of cotton farmers' sale was uneven.

Some areas such as northern Jiangsu, the western region and the eastern and central parts of Hubei have made relatively rapid progress, completing more than 90%.

In March 4th, the mainstream purchase price of seed cotton in Hubei, Wuhan, Jingzhou and Suizhou was 2.20-2.60 yuan / Jin, and the mainstream price of seed cotton in Shandong area was 2.4-2.6 yuan / jin (38% of lint and 12% of moisture regain).

The cotton seeds of cotton growers are basically not sorted, and there are many different levels and combinations. Therefore, the purchase price quoted by the ginning factory is based on the linen length and fiber length, and the price center is generally low.

"No matter what the price is, we must sell it."

Many cotton growers say that due to the recent negative start of cotton ginning plants, there are very few seed cotton buyers, and these factories are likely to close down at any time.

Cotton farmers believe that cotton can reduce their losses early, or the future will be worrisome.

When seed cotton purchase and the lint spot market are selling loudly, when will the price wave stop and cotton prices will stabilise? The market's highly concerned reserve cotton rotation policy may be a good medicine for stabilizing the market.