Nanyang: New Cotton Harvest Is Not Active Spinning Enterprises Keen On Cotton Reserves

Recently, the continuous rainy weather in Nanyang, Henan has had an impact on cotton picking, but the impact is not too great. Due to the lack of rain in the early stage, the drought in the cotton field is serious. Although the cotton farmers continuously irrigate, it has little effect. This rainfall just alleviated the drought in the cotton field, and there was no water accumulation in the cotton field.

Affected by the bad market, seed cotton acquisitions are not large, mainly because cotton farmers are not picking up to the peak season, and the number of pickers is limited, stocks are few, sales are not active, cotton enterprises are affected by the sluggish cotton market, and the enthusiasm for purchasing is not high.

According to the local meteorological department forecast, in the next fifteen days, it will be mainly rainy and rainy, with a temperature of about 24 degrees Celsius and a low temperature of only 14 degrees. For cotton in the period of boll opening, it will affect the quality and yield of cotton, and increase the probability of occurrence of aphids. Cotton growers should pay close attention to the growth trend of cotton. If large aphids occur, they will be promptly sprayed to prevent pests and diseases, and timely spraying pesticides to prevent aphids.

Since the resumption of the Sino US trade talks, rumors of positive effects have been rising since last week. Zheng cotton's CF001 contract rose to a maximum of 13200 yuan / ton in September 16th. In recent days, reserve cotton continued to maintain a high turnover rate, mainly due to the auction deadline for the end of September, to accelerate the enthusiasm of textile enterprises procurement.

It is understood that local textile enterprises are keen on the use of reserve cotton, the price of reserve cotton is lower than that of the market, and the profits of spinning enterprises are guaranteed. As the new cotton is still on the market, and the processing of new cotton will affect the quality of cotton yarn immediately after listing, it will take some time to use it. Therefore, in order to ensure the convergence of new and old cotton, the textile enterprises first purchase part of the reserve cotton to make up for the new cotton market.