Hengshui, Hebei: Picking Is Coming To An End

On October 16, Hebei Hengshui monitoring station of national cotton market monitoring system continued to interview some farmers and cotton enterprises in Jizhou district on the current local seed cotton picking, selling, price and cotton enterprise purchasing. According to the survey, the current local seed cotton picking work is coming to an end, but the seed cotton sales rate is only over 10%. In the current situation that the purchase price of seed cotton continues to rise and the lint processing cost is high, local cotton enterprises are faced with the dilemma of "either purchase or wait-and-see" at the beginning of the new year.

According to the cotton farmers, at present, the local seed cotton picking is basically completed, and only a few autumn peaches are left in the cotton plant. Although the bolls have been cracked, the bolls have not yet been fully opened. It is estimated that it will take about 5 days for all the seeds to be picked. As of the 17th, 15 local cotton farmers had picked 510 kg / mu of seed cotton and some of them were 600 kg / mu, accounting for 96.52% of the expected harvest, an increase of 28.96% over the same period last year; the average seed cotton sales rate was 10.16%, an increase of 4.21% over the same period last year. At present, the purchase price of seed cotton of cotton vendors is 3.40-3.45 yuan / kg (the price sent to cotton processing enterprises is more than 3.50 yuan / Jin), and the clothing percentage rate is more than 40%, and the moisture regain rate is less than 15%, which is 0.07-0.10 yuan / kg higher than the same period last week.

Recently, the Zheng cotton futures market has seen a strong rise. Since the first day of trading after the double festival on October 9, the settlement price of the main contract cf2101 has soared by 1255 yuan / ton from 13175 yuan / ton to 14440 yuan / ton on the 16th, up 9.54%. Driven by the strong performance of Zheng cotton futures and the high price of Xinjiang seed cotton, the purchase price of local seed cotton rose from 3.15-3.20 yuan / kg on the 9th to the current price, up nearly 8%. Cotton enterprises reflect that if the current highest purchase price of seed cotton is 3.50 yuan / kg (clothing percentage 42%, cotton seed price on time 1.37 yuan / kg, loss rate 2%, cost 600 yuan / ton), the lint processing cost price is 13600-13700 yuan / ton. Such a high processing cost makes the cotton enterprises just said to purchase in a dilemma: on the one hand, Zheng cotton futures continue to rise, and cotton enterprises should prevent the risk of "rising fast and falling sharply"; On the other hand, the outbreak of new crown pneumonia in Europe and the United States and other countries once again, even if the rise in cotton prices is digested and accepted by textile enterprises and eventually transmitted to textile downstream products, whether domestic consumption can be fully accepted by domestic consumers makes cotton enterprises feel very entangled. As a result, the local cotton enterprises are divided. Most of the "conservatives" choose to purchase according to the wishes and needs of the textile enterprises, fast processing, quick sales and quick payment collection; a few "radicals" follow the futures and current cotton price rise in the spot market to seize the current high-quality, high-quality seed cotton and gamble on the market. In terms of the number of acquisitions, the "conservatives" plan to limit the number of acquisitions to 30000 kg per day in the near future, while the "radicals" plan to reduce the purchase volume to about 100000 kg.