Cotton: The market has fallen across the board and all entities are confused
Recently, the market has become colder after the snow in the Yellow River Basin. The prices of seed cotton and lint have fallen, and the price of cotton yarn has also stagnated. The market is pessimistic. , all subjects were at a loss.
On the 29th, the purchase price of seed cotton in Cangzhou, Hebei Province was 3.55-3.75 yuan/jin (clothing content 38%, moisture regain 10%), a decrease of 0.05 yuan/jin from the 28th, and a decrease from last Friday (23rd ) fell by 0.15-0.2 yuan/jin. Seed cotton prices in Dezhou, Binzhou and other places in Shandong fell to about 0.2 yuan/jin.
“Since last week, the price of seed cotton has begun to decline.” On the 29th, the person in charge of a 400-type ginning factory in Shandong said that the main reasons for the decline in seed cotton were:
, cotton seeds fell, dragging down seed cotton. As of the 29th, the loading price of cottonseed in Cangzhou, Hebei is 1.57-1.58 yuan/jin (the oil content of wool seeds is 11.5%, and the moisture content is 12%). The loading price of cottonseed in Xiajin, Wucheng and other places in Shandong is 1.60-1.61 yuan/jin. Since this week, , the cumulative price of cottonseed fell by 0.03-0.05 yuan/jin. In addition, the price of cotton seeds in Xinjiang has fallen. As of December 29, the loading price of cotton seeds in Aksu, Kashgar and other places is about 1.25 yuan/jin, and the price shipped to the mainland is 1.55-1.57 yuan/jin, suppressing the price of cotton seeds in the mainland.
Second, the spot price of lint cotton fell. As of the 29th, the price of 3128-grade cotton bales in Hebei Province was 15,800-16,000 yuan/ton, and the price of 3127-grade cotton was 15,500-15,600 yuan/ton. Since this week, the cumulative price has dropped by 200-300 yuan/ton. While the real estate cotton is falling, the prices of some hand-picked and machine-picked cotton in Xinjiang that have been moved to the Yellow River Basin have fallen steadily but covertly.
A cotton merchant in Shandong said that the current gross weight price of “Double 29” and “Double 30” hand-picked cotton is 16,500-16,600 yuan/ton, which is stable compared with yesterday. However, the cotton merchant said that during the actual transaction process, the negotiation space was expanded to 200 yuan/ton. If the one-time purchase is more than 300 tons, the company can make an additional profit of 100 yuan/ton. “Enterprises have spared no effort to reduce inventory.” As the end of the year approaches, banks are calling for loan repayments, workers are demanding salary bonuses, water and electricity expenses, etc. Everyone wants to withdraw some funds as soon as possible to deal with the current financial embarrassment.
Cottonseed and lint fell together, leaving seed cotton with no room for recovery. Cotton farmers said they were hurt, ginners also said their days were sad, and the market was pessimistic.
On the 29th, a cotton farmer in Hebei said that he still had more than 1,000 kilograms of seed cotton in hand that had not yet been sold. He wanted to sell it at a higher price, but he did not expect that the price started to fall. It is understood that many cotton farmers have experienced reduced income due to the price reduction of seed cotton recently, but they said that at this point of cotton price fluctuations, they are at a loss and do not know whether to sell with the trend or wait and see.
Life in the cotton ginning factory is more difficult, and the road ahead is even more confusing. A 400-type manufacturer in Liaocheng, Shandong Province said that he was under pressure from three aspects. First, the price of seed cotton fell and it could no longer be sold. Second, no one cared about the lint cotton, so it fell into a loss situation. Third, the payment for goods was slowly withdrawn, and banks were urgent in calling for loan repayments.
For a time, the entire Yellow River Basin was filled with confusion and confusion, which directly affected the acquisition, sorting and sales of cotton. The market entered a cold winter with the climate.
AAAFGNHIYIYO
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