Tangshan: Lint Prices Drop, Cotton Enterprises' Dilemma
The spot price of lint in Tangshan City has dropped recently, and the 3128B price is about 14500 yuan / ton.
Due to the difference between lint price and inventory lint cost, cotton enterprises will lose much if they sell cotton lint. If they are reluctant to sell and lack confidence in the future cotton market, the cotton enterprises will be in a dilemma.
It is expected that the focus of cotton enterprises in the near future will be on the price of cotton reserves and the understanding of the futures market in order to timely sell their own lint.
Tangshan City cottonseed price is 1.15 yuan / kg, which is basically the same as before last week. Due to the low cotton seed inventory, cotton enterprises basically do not sell cottonseed, and cotton seed prices are more confident.
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