Shandong Cotton Farmers Are Still Reluctant To Sell&Nbsp; Lint Transaction Is Not Active
On December 14, futures lint rose to 28000 yuan/ton, and on December 15, it fell back, purchase Textile mills that are not yet confident are wandering again, and it is still difficult for ginning mills to operate.
Recently, a small number of ginning plants in Shandong have entered the market, but because cotton farmers are still reluctant to sell, and the intended price is high, the battle of purchase and sales continues. Ginning plants mainly process outsourced seed cotton.
Shandong has been storing cotton for a long time in China. At present, Anhui, Shanxi, Hubei and other production areas unginned cotton The acquisition is close to the end of the flower, while only half of the cotton is sold in some regions of Shandong, and some cities and counties sell it sporadically, especially in Jining and Heze regions of Shandong.
Affected by the planting structure of local cotton mainly intercropped with garlic, farmers are busy planting garlic in October and early November. Cotton is pulled out to dry and sold after the busy farming season. However, due to the sharp drop in the high level of seed cotton since November 12, cotton farmers in the two cities have not yet had time to ship, and it is difficult to accept the price cut, so we have to wait and see until now. At present, most cotton farmers are reluctant to sell cotton, and the manufacturers entering the market are still mainly outsourcing. Some manufacturers purchase high-quality three-level seed cotton from other regions in Shandong (mainly Dongying, Zaozhuang and other places) at a factory price of 6.00-6.30 yuan/jin (38-39% of lint, 12-13% of moisture), while the price of four level seed cotton from Hubei and Anhui is 5.60-5.70 yuan/jin (34-35% of lint, 14-15% of moisture); The ex factory price of Grade III lint is 27000 yuan/ton, and the ex factory price of Grade IV lint is 26500 yuan/ton (gross weight, ex factory, no invoice); The factory price of wool cotton seeds is 1.75-1.82 yuan/jin. Due to the large inventory of lint and cotton yarn in downstream textile mills, the pressure is high, and the purchase volume is insufficient, the lint transaction is not active.
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