The cotton market is full of fog and the market situation is difficult to grasp
On the 9th, cotton prices rose slightly in Cangzhou, Hebei. According to local ginners, the transaction price of 3128-grade small bales of cotton on that day was 14,700-14,900 yuan/ton, which was 100-200 yuan/ton higher than yesterday. All 61 tons of lint from the factory were sold, and the buyer was a small textile company in Gaoyang.
It is understood that from the 7th to the 9th, small bales of cotton in Binzhou, Dezhou and other places in Shandong were relatively popular. Most of the buyers were small factories with 20,000-50,000 spindles in the surrounding area. The price range was 14,200-14,900 yuan/ton. Judging from the transaction volume, the price has increased by 100-300 yuan/ton. During this period, some small 200-type factories were more active in purchasing, sorting and selling, but most of them kept suppressing the price of seed cotton. On the 9th, the price of seed cotton purchased by 200 small factories and cotton traders in the eastern and northern areas of Shandong was 3.35-3.55 yuan/jin, which was the same as yesterday. The converted lint cost was 14,000-14,600 yuan/ton, and the profit margin of the ginner was 200-400 yuan. /Ton.
While small bales of cotton are rising, the spot price of large bales of cotton is also rising. On the 9th, the sales price of “Double 28” Xinjiang cotton in Shandong and Hebei was 16,300-16,400 yuan/ton, up about 100 yuan/ton from yesterday; the price of real estate 3128 grade large bales of cotton was 15,300-15,400 yuan/ton, a slight increase of 100 yuan/ton. Ton. According to some 400-type ginners and cotton merchants, the recent acquisition progress in Xinjiang has accelerated, and the price of seed cotton has increased slightly, driving the rise of Xinjiang cotton. Especially recently, textile companies have replenished their stocks. Xinjiang cotton has become more popular, and the price has naturally increased. Second, mainland textile companies, in urgent need of cotton, began to actively purchase real estate cotton, and ginners took the opportunity to raise prices. Third, recently, Zheng cotton futures have basically stabilized above the 15,000 yuan/ton mark, and the confidence of mainland enterprises has increased.
Recently, cottonseed prices have fallen. On the 9th, the factory price of cottonseed in Cangzhou, Xingtai and other places in Hebei was 1.47-1.51 yuan/jin (wool seeds contain 12% oil and 12% moisture), down 0.01-0.02 yuan/jin from yesterday; the factory price of cottonseed in Xiajin, Wucheng and other places in Shandong 1.53-1.56 yuan/jin, down about 0.02 yuan/jin from yesterday. Recently, there are not many oil pressing plants in Shandong and Hebei that are sorting out oil. Part of the cottonseed needed comes from real estate cottonseed. However, according to oil mills, the oil content of real estate cottonseed is low and the quantity is not large. Most companies choose to use Xinjiang cottonseed. On the 9th, the price of Xinjiang cottonseed to Dezhou, Shandong was 1.54-1.57 yuan/jin, which was the same as yesterday. According to market analysis, the current pressure profit margin of cottonseed is low, especially the market of cotton meal has always been sluggish, and cottonseed is easy to fall but difficult to rise.
After the winter, the entire mainland cotton market is still foggy. It is difficult for various entities to grasp the future market trend, and the wait-and-see atmosphere is particularly strong. Especially for 400-type ginners, less than 5% of them have opened weighing scales so far, and the problem of cotton farmers’ difficulty in selling cotton has not yet been solved.
AAAEHRYJUTUTHYER
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