Xiangfan High-Grade Cotton Scarce Cotton At 2.6-2.7 Yuan / Jin

Hubei Xiangfan recently already a small part of the processing plant has begun to buy, water 15%, 36%-37% seed cotton, purchase price between 2.6-2.7 yuan / Jin, cotton seed 0.68-0.72 yuan / Jin, processing fee of 300-600 yuan / ton.

According to seed cotton 2.7 yuan / Jin, cottonseed 0.68 yuan / Jin, processing fee of 600 yuan, the cost of folding cotton is 13200-13300 yuan / ton.

The lint processed can reach a good four difference of three grades.

The sale price to the textile mill is 13500-13600 yuan / ton.

Most of the local processing plants have not started purchasing and processing because of the low purchase volume and large moisture content.

At present, most enterprises are mainly concerned about matching futures market.

PLUS loans from the Agricultural Development Bank, loans will not come down until October.

According to a processing plant, the demand for local cotton mills is strong, and purchasing stress is obvious.

Especially the two or three grade lint is harder to find.

Some cotton mills have to choose to buy new cotton and Chen cotton to make use of it, so that new cotton is favored by cotton mills in the market.

On the occasion of the old cotton auction, the reporter asked whether the person in charge of a processing plant was interested in the sale of the old cotton. The person in charge said that the old commodity cotton was not very interested in the cotton enterprises because most grades were too low, and once they were bought, if the sales did not go out, they would take up part of the funds, and some of them in the warehouse of Gansu would be more difficult to pport, so they did not take part in the auction.