What Is The Expected Spot Market For Cotton Reserves?

Recently, the market is right.

The expectation is more and more intense.

Acquisition,

Sales have brought about uncertainties, and the market has produced major differences.

"Now seed cotton quotation is more chaotic, the main body of purchase is also more complex."

A cotton grower in Cangzhou, Hebei said that the mainstream price of local cotton seed this week was 2.3-2.5 yuan / Jin.

However, due to the end of the purchase period, the seed cotton mixed level is serious and the impurities are more. The ginning factory can report the price as low as possible, so as to reduce the risk.

Up to now, the 400 type of cotton ginning mill in Hebei province is about 5%, which is at a low level. However, in some areas, cotton traders began to increase.

Cangzhou Dongguang cotton grower Lao Liu said that these two days have come to several batches of cotton brokers. The price of his seed cotton is 2.2 yuan / Jin, 2.37 yuan / Jin, 2 yuan / Jin respectively. "The price difference is so big that I really don't know what to do."

Lao Liu said.

Many brokers say that this is due to the divergence of the quotations of the 400 type ginning factory.

For example,

Although a 400 type of cotton ginning mill in Dezhou has begun to purchase recently, the head of the enterprise thinks that the spot price will still drop after the cotton reserve is delivered. Therefore, it is necessary to insist on "low but not high" on the purchase of seed cotton, while some enterprises know the opposite.

According to the state

Monitoring system Hebei Hengshui monitoring station information officer reflects that, due to the rapid decline in the number of 400 cotton enterprises that continue to purchase seed cotton, the sale price of cotton by-products including cottonseed has continued to rise slightly in recent days.

It is understood that since March, only 2 cotton enterprises in Jizhou, Hengshui, insist on purchasing processed seed cotton, and the number of seed cotton acquisitions has dropped severely, resulting in a slight tension in the supply of local cottonseeds and a slight increase in other cotton by-products sales quotations.

In March 8th, the sale price of local cottonseed seeds was 1.17 yuan / kg, up 0.02 yuan / Jin compared with 4 days, and the sales price of three grade cotton oil was 5480 yuan / ton, compared with 4 days, 30 yuan / ton; the sales price of cottonseed meal was 2050 yuan / ton, and was equal to that of 4 days; two cotton lint price was 4050 yuan / ton, which was more than that of the 4050 day; the cotton shell quoted price was RMB yuan / ton, which was higher than that of yuan yuan / ton.

Although the sale price of cotton by-products is rising, the purchase and sale status of local cotton sub market is not much different from that of the 4 day.

According to the national cotton market monitoring system, in March 9th, the 3128B price quotations for lint in the the Yellow River River Basin and the Yangtze River Valley were 12071 yuan / ton, 12077 yuan / ton respectively, and the 4128B level quotations were 11686 yuan / ton, 11671 yuan / ton, down 50-100 yuan / ton compared with the beginning of March.

But there is also a confusion in price quotations. According to a cotton trader in Shandong, the 2128B class Xinjiang hand picking cotton price in the mainland warehouse is 12400-12600 yuan / ton, but some enterprises have quoted price below 12300 yuan / ton.

"The divergence in this offer is rooted in the lack of confidence in the market."

The cotton trader said that the current real estate cotton is generally low, and the market is weak.

In Shandong, Liaocheng, Dezhou and other places, the price of the 3128 grades of real estate cotton is 12000 yuan / ton line. There are also some individual unconfident enterprises that have reduced the price to 11800 yuan / ton.

Although it is already in March, but the cotton market has not yet been confirmed, the cotton market seems to be out of the cold night. Maybe after the policy is clear, the cotton market will be confident and find the direction.