Yellow River Basin: When prices rise, what is supposed to come will come
From November 29th to 30th, 11, the prices of seed cotton and lint cotton in the Yellow River Basin remained The rise has made many market players shout incomprehensible. “On the whole, prices are on the rise.” A market person analyzed.
According to reports from 400-type cotton enterprises, the purchase price of seed cotton has increased by 0.03-0.05 yuan/jin in the past two days. On November 30, the price of seed cotton in the Yellow River Basin was centered at 3.65-3.95 yuan/jin. The purchase price of individual late-season flowers was about 3.55 yuan/jin, and the price of good-quality seed cotton reached 4.00 yuan/jin. The reason why there is a big difference in the purchase price of seed cotton is that firstly, some counties and districts are relatively remote, and the sale of seed cotton requires long-distance transportation; secondly, northwest Shandong has a rainy climate from July to August this year, which affects the quality of cotton, especially the fiber strength and color. Wait, cotton companies can only buy at low prices.
As of November 30, Xinjiang cotton that has been moved to Hebei and Shandong has increased slightly by 100-150 yuan/ton, among which the price of “Double 28” and “Double 29” hand-picked cotton is 16,500-16,600 yuan / ton, the “double 28” machine-picked cotton price is 16,100 yuan / ton. The real estate cotton grade 3128 in Hengshui, Hebei and Dezhou, Shandong is priced at 15,600 yuan/ton. The price of long-staple cotton in Xinjiang has risen sharply. On November 30, the ex-warehouse price of grade 137 long-staple cotton in Jining, Shandong was 21,700-21,800 yuan/ton, an increase of 200-300 yuan/ton from the 28th. According to some middlemen, the price of long-staple cotton has remained high recently. Currently, the outbound transportation of long-staple cotton is affected by the increase in transportation costs. The cost of long-staple cotton before leaving Xinjiang reaches 20,800-21,000 yuan/ton (grade 137). The cost to the mainland A lot of growth.
However, in the eyes of many in the industry, cotton prices have risen “against the market” recently, and cotton farmers and cotton enterprises are still not at ease, and the mentality of destocking and changing goods has increased. The person in charge of a cotton company in Dongying, Shandong Province said that the reserve cotton began to be rotated out on March 6, 2017, which means that there are only a little more than 4 months left for the best sales of new cotton this year. The progress of other Xinjiang cotton exports is accelerating, and there is a shortage of cotton in the mainland. Will be filled in soon. As a market benchmark, Zheng cotton futures fluctuate frequently and are difficult to understand.
Therefore, although cotton prices are rising, the main entities holding cotton are still actively selling, and market differentiation is also taking shape.
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