Many Ginning Plants In Heze Stopped Collecting And Had Holidays, And Lint Inventory Was Insufficient

With the coming of the Spring Festival, the purchase and sale of cotton market gradually declined. This week (February 1-5), local ginning plant operating rate has declined, Heze Juye area of Shandong Province, many ginning plant closed the harvest holiday, maintain a small amount of lint inventory, to fight again next year.

According to the investigation, last week (January 25-29), the purchase price of seed cotton in Juye area of Heze was 3.80-3.85 yuan / kg (clothing percentage was 40%, moisture content was below 15%), and the factory price of grade three lint cotton was 15400 yuan / ton. The ginning plant accelerated the pace of purchase and sales, stopped collecting and shutting down at the end of last week, and had a new year holiday on February 1. At present, the ginning plant maintains a small amount of seed cotton in stock, so as to be ready for operation after the festival. The third grade lint inventory is more than 100-200 tons. It is planned to ship the cotton according to the market situation after the festival. Cotton ginning plant reflected that at present, Zheng cotton was in shock, and the main contract of cf2105 was adjusted at 14915-15110 yuan / ton on Tuesday, and 14880-14970 yuan / ton on Wednesday morning, which had not fallen below the 60 day moving average, which still had certain support for the spot lint. In addition, the seed cotton resources were insufficient, the seed cotton price was easy to rise and difficult to fall after the year, and the lint profit factor still existed.

Zheng yarn market volatility is difficult to stabilize, cy2105 main contract on Tuesday 21625-21870 yuan / ton adjustment, closing price 21660 yuan / ton, compared with last Friday's closing price of 21535 yuan / ton, increased by 125 yuan / ton, fell down on Wednesday, 21595-21840 yuan / ton hovered, weak adjustment. The performance of spot yarn market is still strong, and the influence of futures on spot is declining. The local general comb ring spinning knitting 32 costs factory price of 24000 yuan / ton and 40 yuan of factory price of 25000 yuan / ton, without inventory. At present, the high count yarn is better than the low count yarn, and the orders of some manufacturers have been arranged to march to may, and the profit continues to improve. With the coming of the Spring Festival, the downstream cloth factories have holidays one after another, and the new orders of cotton yarn mills have decreased. Before the festival, most lint purchases have been stopped, and a few of them have been replenished. Most cotton yarn factories have been shut down for holidays, and the raw materials and yarn products of lint have been kept in low inventory.

It is understood that the starting time of local ginning plants after the festival is different. The earlier one plans to resume work on February 19 (the eighth day of the first month) and the later plans to open scales and purchase after the Lantern Festival on February 27 (January 16). Most manufacturers reflect that if the market is good after the festival, the time for returning to work will be adjusted at any time and the work will be started as soon as possible.