Shandong: Market Downturn, Market Gloomy

Recently, Shandong market is still very depressed. As of the middle of July, cotton, chemical fiber and yarn are still in a state of price and no market.

On the 14th, local cotton prices in Dezhou, Liaocheng and other places were 11800 yuan / ton (delivery and tax included) for 3128b, and 11500 yuan / ton for 4128b, which was the same as yesterday. According to the feedback from some ginners and dealers, there are not many cotton resources in the local land at present, but due to the quality deviation and poor consistency, it is extremely difficult to sell. In addition, recently, some traders in the hands of Xinjiang cotton is also in a state of price without market. As of the 14th, a trader in Jinan quoted 12500 yuan / ton for "double 29" cotton and 12200 yuan / ton for "double 28", down 100 yuan / ton from the previous week. "Yiwang" is not going to sell cotton in the hands of traders.

On the 14th, the mainstream cotton seed price in Dezhou was 1.32-1.33 yuan / jin (oil content of wool seed was 13%), down 0.02 yuan / Jin compared with last Friday (July 10). According to the feedback from the local market, the recent characteristics of cottonseed are low volume and low price. The cotton seed supply is obviously insufficient due to the very few start-up of ginning plants. However, due to reduced demand from oil mills, cottonseed prices are still declining.

On the 14th, the price of polyester staple fiber in Shandong was generally around 5400 yuan / ton, down more than 700 yuan / ton compared with the middle of June. As of the 14th, the mainstream quotations of 21s and 32S in Shandong were at 17800 yuan / ton and 18500 yuan / ton, flat compared with the previous week. But the yarn said that due to the scarcity of orders, business operation is difficult.

Recently, the market has been depressed. A market person said that affected by rainstorms and floods in the south, cotton farmers are more worried about the weather this year. Cotton ginning plants are worried that this year there will be more and more enterprises forced to leave the cotton processing industry due to the lack of cotton processing. In addition, the epidemic situation in foreign countries has not been effectively controlled, and the mills are worried that orders in the second half of the year will not be improved.