Dezhou Cotton Prices Rose Steadily, Cotton Purchase Completed About 70%
After the festival, Dezhou, Shandong, is one of the most important cotton producing areas in China.
cotton
Price slightly
Rise
The acquisition of cotton enterprises is relatively high, and the acquisition of cotton is about 70%.
Recently, the purchase price of seed cotton with good quality is 4.15 yuan / jin (40% of lint, 10% of water). The purchase price of medium quality is 3.95 yuan / jin (38% of clothing, 10% of water), and the purchase price of poor quality is about 3.60 yuan / jin (36% of clothing, 10% of water), which is about 0.10 yuan / Jin than before the festival.
After the festival, cottonseed prices remained at 0.97 - 1 yuan / Jin, basically stable.
It was affected by continuous rainy weather in mid September last year.
Texas
The overall quality deviation of cotton is mainly middle and low grade.
Cotton enterprises after the festival
lint
The sale price has been raised slightly. The price of the grade three lint for the public inspection is 19700 yuan / ton (delivery price, gross weight settlement, and invoice). The four level quoted price of the public inspection is about 18700 yuan / ton, and the five level quotation is about 16700 yuan / ton, all up by 200 yuan / ton before the festival.
As the spot price has been close to the state's purchase and storage price, the way of sales of large cotton enterprises is mainly made up of state reserves before the festival, instead of storage and sale.
Small businesses mainly purchase low-grade cotton and mainly supply small cotton mills around.
As of February 16th, the state has seized 2 million 550 thousand tons of cotton, the storage will continue until the end of March.
at present
market
The supply of cotton is less and less, but the rigid demand of textile enterprises is not decreasing.
Many local cotton enterprises in Dezhou believe that cotton prices will increase slowly after the holiday, and they will have a "gambling market" mentality. Therefore, the purchasing enthusiasm will be higher. The cotton purchase amount will increase after the holiday. The daily purchasing amount of large cotton enterprises will be about 100 thousand jin, and the daily purchasing amount of small enterprises will be 2 to 50 thousand jin.
At present, the acquisition of cotton in Dezhou has completed about 70%, and the acquisition is expected to end by the end of April.
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