After The Mid Autumn Festival, The Purchase Price Of New Cotton Rises Everywhere To Boost The New Cotton Market.

Since the beginning of the Mid Autumn Festival, the new cotton scale has increased slightly, but the purchase volume has increased. Supported by many factors, the purchase price of new cotton has risen to varying degrees compared with that before the holiday. The specific reasons are as follows:

Opening up scale cotton enterprises to increase the new cotton market. By the middle of September, the picking quantity of new cotton increased further. However, during the festive season, the weather was overcast and rainy. After the Mid Autumn Festival, some of the regional plants have increased, which has played a supporting role in the price of new cotton, and the purchase price has risen to varying degrees. The purchase price of seed cotton in Shandong area was 3.05-3.25 yuan / Jin, and the purchase price of individual factories rose 0.05 yuan / Jin compared with the pre holiday period; the purchase price in Hebei area was 3.05-3.15 yuan / Jin, which rose by 0.05-0.10 yuan / Jin compared with the pre holiday period; the purchase price in Hubei area was 3.00-3.20 yuan / Jin, which was 0.05 yuan / kg higher than that before the festival.

The price of opening scales is low, and cotton farmers are reluctant to sell them at low prices. Affected by domestic and international factors, the lint market is still not ideal at the alternate stage of the new and old year, and the market price of the new lint is low. Because of its poor operating profit, the ginning factory has a lower price, and the price is more than 2.90-3.05 yuan / Jin, which is down by 0.60-0.75 yuan / Jin compared with the same period last year, much lower than that expected by cotton growers. In addition, cotton production in some areas has been reduced to varying degrees (most of which yield only 200-300 yuan per catty per cotton in most areas of Hubei), which aggravated the cotton farmers' selling mentality. At present, although most cotton ginning mills are cautious in buying, in order to speed up turnover and purchase volume, some manufacturers must not be able to raise prices within a controllable range.

The demand for lint improved and manufacturers' confidence improved. The recent cotton reserve business is in good condition, and the transaction price has risen to varying degrees, stimulating the spot market. After the festival, futures prices continued to rise, Zheng cotton main CF2001 contract 16 day high to 13285 yuan / ton, today (17) stagflation fell, but there is still a trend of shock rebound, profit spot market. The price of newly processed lint cotton was raised after the festival, of which the three level new lint price in Shandong area was 12300 yuan / ton, up 100 yuan / ton before the holiday, and the three new lint price in Hebei area was 12400 yuan / ton, up 200 yuan / ton before the holiday. Hubei ginning plant or purchase only, but for cotton lint no more quotation, firmly believe that the future lint market will be better. The overall operation confidence of the cotton ginning factory has increased slightly.

In summary, the increase of seed cotton profit factor will stimulate the confidence of the cotton mill after the price increase, but the purchase volume is still small, and the future purchase price will be further adjusted.