Hebei: Cotton Market Stability Is The Main Reason For Full Return To Work

As of February 17th, the number of large enterprises resumed in Hebei increased, and small and medium enterprises resumed very few jobs. According to feedback, Dachang resumption procedures are more stringent, while small factories are waiting to return to work in a wait-and-see mentality.

The market showed a steady trend. First, Xinjiang cotton auction entered a sharp decline in turnover rate. Last week, the maximum price of cotton reserve wheel was 13715 yuan / ton, which decreased by 420 yuan / ton compared with the previous week. Since February 12th, the reserves have been reduced to 7000 tons / day.

Second, recent spot characteristics: first, large traders and middlemen have increased their quotations. As of February 17th, the lint price of grade three lint in Cangzhou and Hengshui was 13500 yuan / ton (gross weight, with a ticket), and the four class price was 13100-13200 yuan / ton, which changed little compared with the previous week. Because of the fact that only a few downstream manufacturers have restarted, the spot price of real estate cotton is not available. 17, a large trader Heng reservoir point "double 29" Xinjiang pick cotton picking offer 13800-13900 yuan / ton (public weight, with tickets), compared with the previous week, little change. Due to the stagnation of logistics, market turnover is also scarce.

Two is the small and medium-sized cotton ginning factory has not resumed work without quotations. Take Hebei Cangzhou as an example, there are more than 80 types of 400 cotton ginning plants. As of 17 days, no enterprise has yet to return to work. It is reported that the reason for not resuming work is waiting for the government departments to further notice the spirit; two, the rural area is still "closed or closed" management, workers are hard to find, can not resume work. Because of the stagnation of logistics, even cotton enterprises have no quotations.