Dezhou, Shandong: Cotton Production And Sales Remain Stagnant

Recently, the whole cotton industry chain in Dezhou city of Shandong province still failed to recover, and the market was stagnant. Market sentiment is strong, and we expect the epidemic to be removed at an early date.
As of February 19th, Dezhou and county cotton ginning plants had not been started. The company is responsible for introducing people, first because the cotton processing plant is a small small factory, the hardware and software conditions are not satisfactory. It is difficult to meet demand in all aspects of epidemic prevention and control, personnel isolation and material reserves. Therefore, waiting is the best choice. Two, most villages are still under "closed" control, and it is difficult for migrant workers to return to factories.
Recently, local cotton prices have not been sold. On the 19 day, the mainstream price of local grade three lint is 13400-13500 yuan / ton, gross weight is settled, if the actual transaction can be negotiated according to quantity. On the same day, Xinjiang hand picked cotton traders quoted "double 28" at 13800-13900 yuan / ton (fixed, pick-up, including tax), "double 29" generally in 14000-14200 yuan / ton.
It is also understood that the Dezhou region is a very important textile base in Shandong province. As of 19 days, some large scale mills have resumed production and resumed production. However, due to problems such as the difficulty in returning orders to workers in the field, the current rate of start-up is 40%-50%. Kang proved that the workers in the field had to be quarantined for 14 days before they were formally employed.
Therefore, in recent years, Dezhou has many quotations for yarn and less turnover. As of 19 days, the price of local combed cotton yarn 21S, 32S and 40S was 19500 yuan / ton, 20500 yuan / ton, 21600 yuan / ton respectively, compared with the previous week. Due to the fact that logistics has not yet been recovered, yarn has not been sold very much.
In conclusion, as of the middle of this month, cotton and yarns in Dezhou, Shandong are at a standstill. The full recovery time is expected to be postponed to March.