Hebei Hengshui: Cotton Spot Price Rises With Zheng Cotton Rose 100-150 Yuan / Ton Compared With Last Week.

Recently, the cotton spot sale price in Hengshui city of Hebei province has been following the rise of Zheng cotton futures. Due to the fact that there are not many high level resources in the local market, some cotton merchants have been reluctant to sell, resulting in a decline in spot trading volume.

At present, Hengshui real estate white cotton 3128C2 sells 15750 yuan / ton (public settlement, delivery price, take the same ticket), white cotton 1228C2 quoted 15250 yuan / ton, white cotton 4128C2 quoted 15150 yuan / ton, white cotton 2227C2 quoted 14700 yuan / ton, the same quality Xinjiang hand picked cotton quotation is 300-450 yuan / ton higher than the local cotton production, and the machine picked cotton is 200-300 yuan / ton higher than the real cotton.

The above quotations rose by 100-150 yuan / ton compared with the same period last week, of which the price of white cotton grade 12 or above increased considerably.

The reason is to raise the spot sale quotation, the biggest promoter is Zheng cotton futures.

Since the end of March, Zheng cotton futures have opened up a price hike model. By April 15th, the price of the main contract CF1909 has risen by 305 points to 16225 points, up 785 points compared with March 29th, and has risen 5.08%.

In addition, cotton producers continue to be optimistic about the late market, so they are not eager to sell high-grade Southern Xinjiang hand picked cotton.

Because cotton traders are reluctant to sell cotton and textile enterprises are quietly observing the market changes, the number of local cotton markets has dropped recently, and the weekly turnover has shrunk to about 40 tons, which has continued to decrease compared with the same period last week.

The seed cotton market is relatively quiet.

On the 17 day, the local cotton seed purchase price of seed cotton was 3.50-3.60 yuan / kg (required 38% of the lint percentage and 10% of moisture regain). Other quality seed cotton was adjusted according to the linen rate of 1% yuan per adjustment, adjusted by 0.07-0.10 yuan per kilograms, which remained stable compared with the same period last week. The number of Japanese cotton enterprises purchasing at the same time remained at 4-5 Jin Jin, which was the same as that of last week.