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Wuwei Cotton Prices Steadily Down &Nbsp; Cotton Enterprises Are Very Optimistic About The Market Outlook.

2011/3/28 9:49:00 38

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Recently, Wuwei, Gansu

cotton

The market showed a trend of steady decline, seed cotton and lint cotton.

Price

All of them fell slightly. At present, the purchase price of local cotton seed is 5.75-5.80 yuan / jin (lint 38%), and the price is down 0.05 yuan / Jin compared with March 22nd.

Since the beginning of March, many cotton factories have suspended seed cotton purchase since the beginning of the March. Up to now, they have stopped collecting for about 20 days. The main reason is that in early March, some manufacturers found that some cotton farmers were flooding cotton, so cotton enterprises had to suspend their purchase.

Lint price in the near future

oscillation

Down, cotton enterprises purchase enthusiasm greatly reduced and down the seed cotton purchase price, but local cotton farmers do not agree with the price reduction, reluctant to sell psychological unabated, holding cotton waiting, resulting in recent seed cotton.

Purchase and sale

The deal was almost nil.

The local four grade lint price is quoted at 28000 yuan / ton, the price dropped by 500 yuan / ton compared with March 22nd, and the turnover was small. Although some cotton enterprises continued to be optimistic about the lint market before and after May 1, however, the enthusiasm for the shipment was improved recently, while the wait-and-see sentiment of the textile enterprises was still strong.

According to a local cotton business person in charge, since March, cotton at home and abroad

futures

The sharp rise and fall of prices also made cotton enterprises' psychological bottom up and felt a bit uneasy. Although the futures prices have been supported at the 30000 point, the possibility that the price of the futures market will continue to fall again is obvious, and the possibility that the futures prices will fall again will still exist. This is not enough for the cotton companies to see the market ahead. The willingness to ship is obviously higher than that in the early stage. The manufacturers who are reluctant to sell are decreasing, while the enterprises that sell the cotton on the right hand price are increasing. This shows that most of the cotton enterprises are not optimistic about the market outlook.