Yellow River Basin: Seed cotton lint fell, cottonseed rose instead of falling
As of November 29, seed cotton and lint cotton in the Yellow River Basin showed signs of decline, and cotton farmers and cotton companies were injured. On the same day, a cotton farmer in Cangzhou, Hebei Province said that cotton in Cangzhou is currently divided into three, six or nine grades.
, 400-type cotton companies have a small number and high purchase prices, but their focus has declined. On November 29, the price of 39% lint seed cotton in a 400-type cotton enterprise in Cangzhou was 3.65-3.85 yuan/jin, down 0.05 yuan/jin from yesterday. The factory will not accept any cotton with mixed flowers, horse value, or fiber length that does not meet the standards. In addition, because the recently sold seed cotton has a high content of “three silks”, the company specially hired 4-5 workers to select it, and the cost increased by 100-120 yuan/ton.
In several key cotton areas such as Binzhou, Dezhou and Heze in Shandong, about 65% of the seed cotton sales have been completed, and the progress has accelerated compared with the previous period. However, the operating rate of 400-type cotton enterprises is low, and the purchase price of seed cotton has dropped by 0.05-0.10 yuan/jin in the past two days. Enterprises purchase 20,000-30,000 jins per day, most of which are around 50,000 jins.
Second, there are a large number of 200-type cotton companies, low purchase prices, and chaotic purchase prices. Up to now, the number of 200-type cotton companies in the Yellow River Basin has been maintained at more than 100. These companies are relatively active, but the price of seed cotton is low. On November 29, the purchase price of seed cotton from a 200-type cotton company in Dezhou, Shandong Province was in the range of 3.40-3.55 yuan/jin, with some reaching 3.65 yuan/jin, with a daily harvest of 20,000-30,000 kilograms of seed cotton. Some cotton companies arrange procurement personnel to purchase in Hubei, Hunan and other places. The price of seed cotton in these two places is lower, but the cost price of long-distance transportation to the factory is not lower than that in the local area.
“The main thing is to have rice to cook.” The person in charge of the company said that since November, the sales of local small bales of cotton have been relatively smooth. In order to speed up the progress, the company has been “shopping for cotton” everywhere. The purchase price of 200-type cotton seeds is relatively confusing, which is also related to the characteristics of small enterprises taking advantage of opportunities and profit.
Third, lint prices fell slightly and the market was pessimistic. As of November 29, the “Double 29” price of Xinjiang hand-picked cotton in Binzhou, Liaocheng, Shandong and other places was 16,300-16,400 yuan/ton, with a center of gravity drop of 100 yuan/ton. According to feedback from enterprises, not only hand-picked cotton, but also some machine-picked cotton has fallen even more. The price of 3128-grade machine-picked cotton at a certain cotton merchant is 15,700-15,800 yuan/ton, down about 200 yuan/ton from last Friday.
While Xinjiang cotton fell, some real estate cotton fell simultaneously. On November 29, the price of 3128-grade large bales of cotton in a 400-type cotton enterprise in Cangzhou, Hebei was 15,400 yuan/ton, down 100 yuan/ton; the price of 3-grade small bales of cotton was 14,300-15,000 yuan/ton, down 150-200 yuan/ton.
It is understood that cottonseed rose instead of falling. On November 29, the factory price of cottonseed in Dongwan, Wuqiao, Quzhou and other places in Hebei was 1.57-1.58 yuan/jin (the wool seeds contain 12% oil and 12% moisture), and the factory price in Xiajin, Wucheng and other places in Shandong was 1.59-1.62 yuan/jin. Jin, some reached 1.63 yuan/jin.
Cotton seeds have risen and cotton prices have fallen. The market estimates that due to the impact of the announcement of the state reserve cotton rotation policy, electronic trading and spot prices will be affected by some negative impacts in the short term. The market is not optimistic in the near future. Yellow River Basin: Seed cotton lint decline
Cottonseed rose instead of falling
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