Dezhou, Shandong: Zheng Cotton Steady To Raise Cotton Prices To Resume Acquisition

After the Spring Festival last year, the seed cotton purchase work in Dezhou, Shandong will continue for a period of time. This year, affected by the epidemic, cotton enterprises have never opened their scales. Recently, affected by the upward trend of Zheng cotton futures, some local cotton enterprises have resumed the purchase of seed cotton.

In May 11th, the main purchase price of Shandong local white cotton grade 3 seed cotton was 2.80-3.00 yuan / jin (lint rate 38-40%, moisture regain 11%), and the 1 grade purchase price of white cotton grade 4 and light spot cotton was 2.70-2.85 yuan / Jin, all of which dropped by 0.15-0.20 yuan / Jin before the Spring Festival.

Affected by the new crown epidemic situation, cotton prices fell sharply before the holiday. The local cotton growers expressed their reluctantly, and with the advent of summer, they began selling cotton stored in their hands. It is understood that the local cotton farmers seed cotton stock of about 30%, cotton business day ago, the number of acquisition of about 20 thousand jin.

Judging from the results of the local cotton enterprises' inspection, the color level of the preliminary inspection results is mainly white cotton grade 3, the length is 27-28 millimeters, the main level of the micron level is B2 (4.3-4.9), the length uniformity is mainly U3 (80.0-82.9), and the fracture strength is better than that of S2 (29.0-30.9). At present, the quality of seed cotton purchase is better because of the good storage of cotton farmers. The color level continues to be dominated by white cotton grade 3. Due to the coming of the hot summer, high temperature may lead to a decrease in color level and strength index, which is also one of the main reasons for cotton farmers to sell seed cotton.

At present, the sale price of cottonseed is 1.25 yuan / Jin, up 0.02 yuan / Jin compared with the same period last week. At present, the pressure of cotton by-products is still large, and the market is weak, but the stock market of cotton seeds is decreasing gradually, and the quotation remains strong. With the recent increase in transportation costs of Xinjiang highway, cottonseed prices have increased slightly. If calculated according to the 2% loss and processing cost of 600 yuan / ton, the current white cotton 3 grade seed cotton purchase and conversion production cost is 11400-12000 yuan / ton, the white cotton 4 level and the pale spot cotton conversion production cost is 10500-11200 yuan / ton. Local cotton enterprises do not sell their minds and sell lint on the market. The price of white cotton grade 3 lint sale is more than 11800-12000 yuan / ton (gross weight, self mentioning and carrying tickets).