Shandong: No Spot On The Spot Market Continues To Drop

Recently, the cotton spring sowing work in Shandong province has already started all over the line, and cotton farmers in the field are busy. According to cotton farmers in Dezhou and Liaocheng, there are three characteristics of this year's spring sowing: first, the area is reduced. It is estimated that the area of Dezhou will be 300 thousand mu in the first place this year, which will be reduced by about 10% compared with that in 2019, and two will be dispersed by planting. Most of the cotton seeding people are responsible for planting this field in this year, scattered scattered, it is hard to see "connected into film"; the three is traditional planting. Although the local government has been encouraging machine picked cotton in recent years, it has been difficult to implement. Cotton farmers still insist on picking cotton by hand.
On the 27 day, a boss of the 400 type ginning factory said that the real estate cotton had never been asked since April. On that day, the boss still had more than 70 tons of high quality real estate cotton, priced at 11500 yuan / ton, but there was no customer patronage. The boss was worried about cotton growing in the warehouse every day.
Inventory can not be digested, there will be no energy and financial acquisition of seed cotton. By the end of April, there was still no flower mill in Shandong province. Some cotton farmers' seed cotton quotations have been as low as 2.4 yuan / Jin, and still can not be sold.
According to market feedback, the recent market situation is dropping. For example, as of 27 days, the price of cottonseed in Xiajin County of Dezhou was 1.20 yuan / Jin, which was 0.04 yuan / Jin compared to the previous week, but the cottonseed market was deserted.
There are also some grey cloth manufacturers that the gray fabric is soft in the near future, and the sales of individual factories at low prices are not obvious. As of 27 days, a factory JC60S*JC60S 90*88 64 "jet burr before tax 4.7 yuan / M factory, the volume can be negotiated. However, the manufacturer's grey cloth is close to burst, and no one is interested.
It is understood that the recent market pessimism in Shandong is very serious, more and more market players choose to withdraw from the market.