The Yellow River Basin: Cotton Processing Is At A Loss.

This weekend, Shandong and Hebei in the the Yellow River Valley continued to fall, and the temperature dropped suddenly.

In October 26th, the spot 3127 spot spot price in Cangzhou area was 12650-12700 yuan / ton, 4127 level 12100 yuan / ton, 3227 level 11750 yuan / ton, the overall price level dropped by about 200 yuan / ton last week, and cotton processing was at a loss.

The industry is still pessimistic about the recent cotton market. First, since mid October, Zheng cotton futures have been oscillating in the low region, of which the main 1601 contract is in the 12000 yuan / ton line, although last Friday (23) reported 12055 yuan / ton, and the weekly gain was 100 yuan / ton, but its weak pattern remained unchanged.

Second, today's Xinjiang cotton is less than 28mm in length and accounts for more than 59%.

Some people even think that the domestic cotton price in the late period or below 12000 yuan / ton, some even judge that the cotton will run below 10000 yuan / ton this year.

26 days,

It was night and autumn rain, and the boss of a ginning factory said that only 5 local cotton ginning plants maintained their purchase at the present time, and the purchase price of seed cotton was 2.85-3.05 yuan / jin (40% of clothing and 13% of moisture regain), down 0.05 yuan / Jin compared with last week.

The daily purchasing amount of the enterprise is 3-5 Jin Jin, the quality is mainly white cotton grade 4, the spot pollution cotton 2 and 3 grade.

"This should be the best cotton at present."

The boss said.

Several other companies are also making slow progress in buying and reducing seed cotton purchase prices.

According to seed cotton 3 yuan / Jin, lint 40%, cottonseed 1.10 yuan / Jin, processing cost 900 yuan / ton conversion, the cost of processing cotton is 12655 yuan / ton, has been flat with the sales price, if added taxes and fees,

The company has lost 200-300 yuan / ton.

"After this autumn rain, it is estimated that the wretched flower plants must stop."

26, a market source said that today, not only in Cangzhou, Hebei, but in the entire the Yellow River Valley, there are very few cotton ginning plants purchased. After the rain, the weather turns cold, the quality of cotton is even worse, and the enterprise's enthusiasm is further combating.

One in Dezhou, Shandong

The introduction of 76 acres of large cotton seeds has been completed over 95%. The estimated yield is 435 Jin / mu. Up to now, more than 30 thousand kg of cotton has not been sold.

"I don't know who the cotton will be sold to."

The big family said that he had been inquiries everywhere since mid October, but he had never met a satisfactory manufacturer. He was worried that cotton would "hit" in his hand this year.

Such worries are not unusual.

By the end of October, the seed cotton picking in the Yellow River River Basin had been completed more than 80%, and the local cotton seed had been completely completed, but the seed cotton sale was only completed by about 20%. Some cotton growers have not sold one or two cotton yet, and the progress is much lower than that of the same period last year.