Shandong: Cotton Prices Downward Oriented Enterprises Purchase Bargain

Recently, new cotton has been sprouting all over Shandong province. Cotton farmers' main work is two aspects: loosen soil and preserve soil moisture and spray insecticide to control pests. In June 1st, Heze cotton grower introduced that the growth of cotton seedlings was about 10 centimeters higher than that of cotton seedlings planted at 3-4 centimeters later than last year.
Cotton prices showed a downward trend. By the end of 1, Dezhou, Binzhou and other places Xinjiang cotton "double 28" pick up price in 12400-12500 yuan / ton (public, including tax), a qualitative pick up 100 tons, the price can be further favorable. Recently, Xinjiang cotton transportation (from southern Xinjiang to Shandong province) continued to drop by 10-20 yuan / ton in late May, and the output of Xinjiang cotton has expanded.
The spot quotation of real estate cotton is maintained at 11500-12000 yuan / ton (gross weight settlement, including tax and short distance transportation). According to the factories, cotton is at a lower price level, or when the global epidemic is controlled, the price will go away once the price rises again. Therefore, many textile mills began buying cotton at bargain prices.
Recently, the price of cottonseed has increased little in Shandong province. For example, on the 1 day, the quality cottonseed price in Dezhou area was 1.32-1.33 yuan / ton, up 0.01 yuan / Jin compared to the previous week. According to the introduction of oil mills, cottonseed oil has also entered the off-season with the increase of temperature and the number of cottonseed. Therefore, more and more enterprises are shutting down. However, because cotton seeds are hard to find, prices are still very strong.
According to some grey cloth manufacturers, sales of grey cloth are difficult recently, partly because of the advent of Light Festival; on the other hand, trade can not get orders. By the end of 1, the price of grey cloth in several main markets in Shandong has declined slightly, and many weaving producers have indicated that they will start off in mid 6.