Cotton Prices Rebounded &Nbsp; Cotton Enterprises Began To Sell.
It is understood that recently, Dezhou City, Shandong province.
Unginned cotton
The takeover market is loose.
Cotton enterprises
Re opening the door to buy or go to the countryside to buy, and because of the cotton farmers reluctant to sell mentality is strong, the purchase amount is very small, and the daily purchase amount is only a few thousand jin.
In addition, in December 13th, when the snow began to fall, seed cotton acquisition was suspended.
It is understood that in December 12th, the purchase price of local 4 grade seed cotton was around 5.70 yuan / jin (36% of lint and 14% of moisture regain), and the price of good quality was about 5.90 yuan / kg, up 0.20-0.30 yuan / Jin last week.
Price
Relatively stable, the mainstream price of 1.85 yuan / Jin.
According to the above price conversion, the cost of 4 grade lint processing is around 26000 yuan / ton.
Over the past week, cotton prices have been rising sharply at home and abroad. Some cotton companies believe that cotton prices are starting to hit bottom and rebound.
In December 12th, the local 4 class lint sale quotations at 26800 yuan / ton (self mention, gross weight settlement, with tickets) rose 500 yuan / ton compared with last week, and the actual paction price was around 26500 yuan / ton. The cotton mill which had already run out of stock began to purchase lint, and the purchasing enthusiasm of the larger stock mill was still low, still waiting.
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