As of March 18th, most of the cotton in Hebei province remained calm and the market participants were struggling. On the same day, Cangzhou type 400 cotton seed price 2.90-3.15 yuan / jin (lint 39%, moisture regain 11%), individual 200 type ginning factory is also in the acquisition, with low and medium grade cotton purchase mainly, white cotton price in 2.50-2.75 yuan / Jin, light spot cotton in 2.0-2.3 yuan / Jin. "The price is too low now, and it is miserable." Many cotton farmers reflect that after a spring festival, after the festival, they are "miserable realities". Seed cotton is still falling and cotton farmers are still selling cotton.

Up to now, the cotton seed sale has been completed about 80% in the whole province, and the whole is slower than the temporary storage and storage era. However, the progress of seed cotton sale in the province has also shown unbalanced market characteristics. Among them, Cangzhou, Hengshui, Xingtai and other places were slightly faster, and completed 85%-90%; Handan, Shijiazhuang, Baoding and other places were relatively slow, only about 70%. "In the final analysis, the distribution of ginning plants is uneven." A market personage introduced that the ginning plants in several parts of Hebei province were relatively concentrated, while the number of ginning plants in Jizhong, Hebei and western regions was relatively small.

According to market speculation, at the end of March or early April, Hebei The ginning factory will be shut down on the whole line. The main reasons are: first, the amount of seed cotton is low and the quality is poor. Judging from the recent acquisitions of some ginning plants, most of the cotton seeds in the long run can't reach 3500 Jin of seed cotton, and most of the market cotton seeds are light cotton, stiff petals and grey black cotton. By the end of March, it is likely that "one cotton is hard to get". Second, the vast majority of ginning mills are running poorly. Cangzhou real estate cotton 3128 level price 13200-13300 yuan / ton, 4128 level 12600-12700 yuan / ton, 2227 level price 12400-12500 yuan / ton. "It seems to be about 200 yuan / ton before the Spring Festival, but this is a" bright rise and dark fall ". The head of a ginning factory in Baoding said that during the actual transaction process, Cotton ginning factory Usually delivery to cotton enterprises, ginning plants also bear transportation, handling and other expenses, while the credit does not stop, many large and medium-sized enterprises generally account for 30-40 days, increasing the financial burden of the cotton mill. As a result, the actual transaction price of real cotton is down 200-300 yuan / ton after the Spring Festival.

Not only did the ginning mills work hard, but many of the oil mills also became increasingly difficult. In March 18th, the owner of a certain oil refineries in Handan introduced that up to now, the price of cottonseed to 1.17-1.18 yuan / Jin has risen 0.02 yuan / Jin compared with last week. First of all, cottonseed is such a "dark" situation that the cost of cottonseed oil extraction is increasing. Cottonseed meal Overall weakness, and inventory is rising. At present, the factory price of three grade cotton oil is 4520 yuan / ton, which is 40 yuan / ton lower than last week. The price of 40% cottonseed meal is 2360 yuan / ton, and 42% protein factory price is 4480 yuan / ton, which is 100 yuan / ton lower than last week. For a week, their cottonseed oil and cottonseed meal was not shipped, and the company is now in a tight financial position. In particular, the external market is sluggish, and downstream consumption is not improving. It is expected that the market of cotton byproducts will not be much better. The operation of the oil refineries is also a "boiled frog in warm water". Sooner or later, it is a "death".