Binzhou: spot sales stagnation, cotton enterprises panic intensified

Spot after May Day

Recently, a large textile enterprise in Shandong has been reducing the purchase price of lint from the 329 level of 28000 yuan / ton in April 1st to the current 23500 yuan / ton, which has dropped by 4500 yuan / ton in the first month, and the sales price of cotton yarn and cotton cloth has also been greatly reduced to promote sales. Under this influence, some textile enterprises that intend to add small quantities of stock have abandoned the purchasing plan, and the wait-and-see trend has led to the lack of people in the spot market, and the cotton storage enterprises are more worried.

According to a local cotton enterprise responsible person: just after the May Day, grade four.

It is understood that a few cotton companies in the region are still insisting on seed cotton purchasing, and seed cotton purchase quotas have also been greatly reduced. The 4 class purchase price is about 4.90 yuan / kg, which has dropped 0.15 yuan / Jin compared with the previous day, while the cotton seed has dropped considerably. At present, the price is only 1.47 yuan / Jin, down 0.16 yuan / Jin compared with the previous day.

Dezhou: cotton prices continued to fall in a large number of cotton farmers and unbought cotton

After the May Day, the purchase price of lint of a large textile group in Shandong has been reduced by 2000 yuan / ton within a week, and domestic cotton prices have dropped.

At present, the sale price of grade three cotton in Dezhou, Shandong province is about 25000 yuan / ton, which is 6000 yuan / ton lower than the highest price after the Spring Festival, and the purchase price of seed cotton has dropped to 4.70-4.80 yuan / Jin, which is down 0.30 yuan / Jin before the May Day holiday, which has dropped 1.60 yuan / Jin compared with the highest price after the Spring Festival.

Affected by the current market downturn, cotton processing enterprises have all stopped collecting.

In late April and early May, the acquisition of cotton in Dezhou basically ended, and the acquisition rate was over 95%.

At present, the acquisition process in Dezhou is only 75%, and cotton farmers still have 25% cotton reserves.

Cotton farmers in Shandong Province, the second largest cotton producing counties in Xiajin Province, have more than 40% cotton reserves, and some villages have about 80% cotton reserves, and even a few thousand kilograms of cotton in individual households are not sold.

In the face of uncertain market conditions, cotton farmers find it difficult to recover their seed cotton prices to the beginning of the year, coupled with seasonal factors, and worry that prices will continue to fall.

Cotton farmers are in a dilemma.

The local cotton sowing ends at the end of April, about 3 days later than the normal year.

On the 8 and 9 May, when a heavy rain fell on the ground, the growth of cotton seedlings was very favorable.

Heze: Juye cotton seedlings grow well and cotton market shrouded in clouds

The recent decline in cotton prices has led to a stalemate in local ginning plants.

Cotton seedlings grow well in Juye area of Heze, Shandong, and contrast with the cloudy cotton city.

It is reported that a week ago, the local nutrition bowl pplanting was over. At present, the cotton seedlings have been clover and grow well. Although the weather is slightly dry, farmers are benefiting from the watering of garlic fields.

The local farmers are still worried about the growing cotton seedlings.

At present, cotton market has continued to plummet. Spot three grade lint has dropped to below 24000 yuan / ton, and there is no market price. Seed cotton has few acquisitions, and sporadic quotas have dropped to 4.60 - 4.70 yuan / jin (36 - 37% of the lint and 10 to 12% of moisture content).

Some manufacturers have reported that since the middle of April, lint has continued to fall, and has now fallen by 5000 yuan / ton. Some manufacturers have suffered serious losses, and the stored lint has become a hot potato.

At present, the local market is cold and cheerless, and the industry is anxious for market stability.