Cotton Enterprises Reluctant To Sell Shandong Heze Lint Price Rose 200 Yuan / Ton
In January 22, 2019, the national cotton market monitoring system HeZe Railway Station inspector visited the local and surrounding cotton ginning plants to understand the current cotton market situation.
In the past week, the price of real estate cotton in Heze has risen by 200 yuan / ton compared with the previous period, and the price is now around 14700-14800 yuan / ton. Market analysis of local lint prices rose mainly due to three reasons: first, the rise in futures prices led to spot prices, this week, futures rose, boosting the confidence of the ginning factory, and the spot prices also rose; two, with the gradual depletion of the auction in the early stage of textile enterprises, textile enterprises began to replenish inventory, guarantee the smooth operation of the Spring Festival and stabilize the quality of cotton yarn; three, the purchase amount of seed cotton in the cotton mill was reduced, and the boss of the ginning factory generally reluctant to sell, leaving part of the stock ready for sale after the Spring Festival.
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