Cotton Vice Market Downturn, Ginning Factory Swing Attitude

In Shandong, Liaocheng, Dezhou and other places, although the price of seed cotton is not obvious, the purchasing intention of ginning mills is decreasing.

On the 20 day, the head of a 400 type ginning factory in Liaocheng introduced that, on the 19 th, they collected 75 thousand kg of seed cotton, which was reduced by 2-3 Jin Jin compared with the previous day's purchase.

Talking about the reasons for the reduction in the number of acquisitions: first, the recent cost upside down phenomenon still exists.

With seed cotton 3.90 yuan / Jin, cottonseed 1.55 yuan / Jin conversion, at present 3128 grade lint costs 16200 yuan / ton, but the spot price is 15000-15500 yuan / ton, upside down 500 yuan / ton.

Second, lint is still not sold.

At present, about 12 of the 400 type rolling mills in Liaocheng area, there are 400-500 tons of cotton processing and 300 tons, but most of them are not sold, and the pressure of enterprise capital is great.

Hebei Cangzhou seed cotton mainstream price 3.85-3.90 yuan / jin (lint 40%, moisture regain 12%), compared to this Monday (17 days) fell 0.10 yuan / kg, there are also 400 types of cotton ginning plants on the same day seed cotton.

A low price of 3.60 yuan / Jin has been reported. One stone has struck thousands of waves, and the market is unstable.

Coincidentally, 20 days, Hebei, Shijiazhuang, Xingtai and other places.

The high price is 3.85 yuan / Jin, the low price is 3.55 yuan / Jin.

"This is the purchase price of the 400 type cotton ginning factory, if the cotton trader, the price is lower."

On the same day, a Lee family cotton grower in Xingtai said that the purchasing price of seed cotton purchased by street agents at present was maintained at 3.35-3.50 yuan / Jin, and there was a price difference of 0.25-0.30 yuan / Jin between the 400 cotton ginning plants.

Why did cottonseed come down? According to the market participants, it is mainly because of the large number of cotton seeds listed in Xinjiang recently that the raw materials of the oil refineries are in a state of preservation, forcing some cotton ginning plants to sell cotton seeds at a low price.

In addition, the recent cotton market downturn, cottonseed oil low run is only about 10-12 yuan / ton, resulting in oil plant control raw material costs.

Cottonseed prices fluctuate by one cent.

The cost has correspondingly fluctuated 35-40 yuan / ton, and the cottonseed has fluctuated 0.05 yuan / Jin recently, that is to say, the lint cost has increased by 150 yuan / ton.

Among the many disadvantages, the cotton mill once again raised vigilance against the purchase of seed cotton.

A market personage in Xiajin, Shandong, said that local cotton seeds dropped 0.05 yuan / Jin this week.

At present, the price of local cottonseed to 1.53-1.56 yuan / jin (12% of seed oil content and 12% of moisture content), and the price of cotton seed from Xinjiang to Akesu in Shandong is 1.47-1.50 yuan / Jin, and there is also a decrease of 0.04-0.06 yuan / Jin.

According to the current price of seed cotton, cottonseed price and lint price, it is easy to lose money in the ginning plant, while most of the spinning enterprises still have some of the lint as stock, and the purchase intention is not strong.

Cotton enterprises do not appear fast processing, fast sales phenomenon, in a short period of time may appear to save up.

Cotton enterprises such as poor sales, inventory to a certain extent, coupled with the withdrawal of speculative funds, cotton prices may fall.