The Lint Sale Mentality Is Highlighted, And The Cottonseed Market Is Light.

2010/11/24 8:49:00 49

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In November 22nd, the spot price of lint cotton in Hengshui, Hebei continued to decline, and the price of the three grade cotton was 27000 yuan / ton. The spot price of lint fell continuously, which increased the pressure on the processing enterprises and highlighted the selling mentality. However, as the textile enterprises were not eager to purchase cotton, most of them stayed on the sidelines, resulting in a large inventory of poor sales and a strong pessimism.

A middle processing enterprise owner surnamed Lin, according to him, at present they

enterprise

There are still 170 tons of lint stock and good cotton quality, all of which can reach level three.

Earlier this month, a textile company in Shandong called and was willing to purchase at a price of 32200 yuan / ton, because he was confused by bullish psychology, and he refused almost without hesitation.

On the same day, Lin boss contacted the textile enterprise again and expressed his willingness to sell.

But textile enterprises say they can buy, but the price is up to 27000 yuan / ton, also requires delivery to the factory, the loan is paid 40% first, and the balance is settled in the twelve part.

Less than 5200 yuan a ton, 170 tons of cotton more than ten days, it shrank by 884 thousand yuan.

Lin boss said, these days have been sleeping restless, think of heartache, I regret not sold in time.

Speaking of the market outlook, Lin boss revealed pessimism. His view is that the price of lint in the early stage has soared and absolute hot money.

speculation

Arbitrage, now the national policy has been issued to suppress the high price, it is estimated that this year cotton will have no surprises.

According to his estimate, there is still room for short term price of endothelial cotton. Late selling is not as good as selling early.

Under this pessimistic guidance, even though his cotton can only sell 27000 yuan / ton, he decides all.

Sale

Lint inventory.

Loading tonight, we can arrive at the factory early tomorrow.

Lin boss said, compensation is definitely lost, but it is good to sleep well.

It is understood that recently, most of the local enterprises are selling lint quickly, especially the processing enterprises with large inventories are under greater pressure and are willing to sell at a price lower than the market price of 200-300 yuan / ton.

Lint plummeted, driving down seed cotton.

On the same day, the mainstream price of seed cotton was three yuan, 5.60 yuan / jin (lint 38%, moisture regain 14% below), four level 5.45 yuan / jin (lint 37%, moisture regain 14% below), flower 5.50 yuan / Jin, all fell by 0.10 yuan / Jin yesterday.

Due to the worry that lint continues to fall, a few enterprises that continue to purchase have planned to further lower the purchase price of seed cotton, which ranges from 0.10-0.15 yuan to Jin.

Cotton farmers are reluctant to sell their spirits and seldom sell cotton farmers.

One morning, one 400 type of enterprises bought only 2000 Jin of seed cotton, and the quality only reached the level of weak four.

Cottonseed prices fell, the mainstream price 1.88 yuan / kg on the same day, slightly worse quality cottonseed only 1.85 yuan / Jin, oil refinery worried that the market did not dare to buy large quantities, cottonseed market turnover was slack.