Recently, the futures lint market is still difficult to stabilize. The “oversupply” situation in the spot market continues, and the operating rate of some ginning plants in the mainland is not high. After the suspension of production some time ago, the Dongying area of Shandong Province has been purchasing and processing one after another in recent days. The price of seed cotton has been reduced, and the market has continued to operate intermittently.
According to the investigation by our information staff, the spot price dropped to varying degrees on Monday and Tuesday, with the reduction range being around 100 yuan/ton, and then remained weak and stable. host. Since the scale was opened this year, the ginners in Dongying area have mainly been purchasing and processing intermittently. Recently, the ginners have entered the market again to purchase. Because the current seed cotton is mainly medium and upper flowers, and there are many mixed grades, the price of seed cotton has been reduced to 3.80 yuan/jin ( Clothing content is more than 38%, moisture content is less than 15%), the price of high-quality seed cotton with high clothing content can be appropriately increased. This price is lower than the high price since the scale was opened by 0.30-0.40 yuan/jin. As the price of new cotton has continued to be low since its launch, the demand for downstream lint has been difficult to see improvement, and the price of cotton seed has also declined from a high level. The operating profit of the ginner is insufficient. Under the dual influence of the epidemic and the market, the ginner has stated that it will suspend operations at any time. As a result of risk aversion, cotton farmers’ reluctance to sell at low prices also gradually weakened, and the price of seed cotton fell back only under the tug-of-war between buyers and sellers.
At present, local ginners process the goods as they are purchased. The ex-factory price of third-grade lint cotton is 15,200 yuan/ton. The market is mainly retail, and the price can be negotiated in large quantities. , downstream textile mills purchase small quantities, and the ex-factory price of cotton seeds is 1.75-1.78 yuan/jin. They are purchased by surrounding oil and cotton factories or traders. The local cotton market is hesitantly operating under the influence of negative external environment. </p
