After the National Day and Mid-Autumn Festival holidays, the cotton market in Shandong has changed slightly. The purchase price of seed cotton has increased in most areas, and the quotations of lint cotton have also increased to varying degrees. The market has become slightly more active than the calm during the long holiday.
Zheng cotton futures rose sharply after the holiday, and spot lint cotton prices followed suit. During the National Day holiday, Zheng cotton futures were suspended, the market lost its guidance, and spot lint prices were mainly stable for the time being. After the holiday opened, Zheng cotton futures rose sharply. Among them, Zheng cotton’s main CF2101 contract rose to 13,445 yuan/ton and closed at 12,795 yuan/ton, an increase of 650 yuan/ton from the pre-holiday (September 30) closing price of 12,795 yuan/ton, stimulating the spot market. The quotations of lint cotton in various parts of Shandong have increased to varying degrees. Among them, the ex-factory quotation of third-grade new cotton in Heze, Shandong is 12,700 yuan/ton (gross weight, with tickets), which is 200 yuan/ton higher than before the holiday; the ex-factory quotation of fourth-grade new cotton in Jining, Shandong is 12,500 yuan. / ton (gross weight, with invoices), an increase of 200 yuan/ton from before the holiday; the ex-factory quotation of third-grade new cotton in Liaocheng, Shandong is 12,900 yuan/ton (gross weight, with invoices), an increase of 300 yuan/ton from before the holiday; Dezhou, Shandong The ex-factory price of regional third-grade new cotton is 13,000 yuan/ton (gross weight, with invoices). Due to the high price, it is the same as before the holiday.
The opening rate of cotton gins has increased, and the purchase price of seed cotton has increased. As time goes by, the picking rate of seed cotton in various places continues to increase, and the market entry rate and purchase volume of ginners in Shandong have increased to varying degrees. Due to poor local cotton profits in recent years, the planting area in Shandong has been declining year by year. Cotton farmers are reluctant to sell, and it is difficult to harvest seed cotton at low prices. During the National Day holiday, many ginners tended to reduce prices. Unfortunately, the market sales volume was limited, and the price of seed cotton was mainly stable. After the holiday, under the support of many favorable factors, the seed cotton price rose instead of falling. Among them, the purchase price of seed cotton in Heze, Shandong Province was 3.25 yuan/jin, an increase of 0.03 yuan/jin compared with before the holiday; the purchase price of seed cotton in Jining area was 3.22 yuan/jin, higher than that before the holiday. It increased by 0.02 yuan/jin before the holiday; the purchase price of seed cotton in Liaocheng area was 3.30 yuan/jin, an increase of 0.07 yuan/jin than before the holiday; the purchase price of seed cotton in Dezhou was 3.30 yuan/jin, the same as before the holiday.
The cottonseed market is unstable, and market quotations vary. Due to frequent market adjustments of cotton by-products, oil and cotton mills are slightly cautious in purchasing. During the National Day, the price of cottonseed in Shandong was unstable, and the quotations after the holiday varied. Among them, the ex-factory price of cottonseed in Heze, Shandong is 1.29 yuan/jin, down 0.03 yuan/jin from before the festival; the ex-factory price of cottonseed in Jining is 1.28 yuan/jin, down 0.02 yuan/jin from before the holiday; the ex-factory price of cottonseed in Liaocheng is 1.32 yuan/jin. /jin, a decrease of 0.05 yuan/jin from before the holiday; the ex-factory price of cottonseed in Texas is 1.3-1.31 yuan/jin, a fluctuation of 0.01-0.02 yuan/jin from before the holiday.
The purchase price of seed cotton in Shandong has increased, the quotations of lint have increased, and the quotations of cottonseed have varied. Due to the rise in soybean oil and soybean meal futures in Dalian after the holiday, many oil and cotton factories yesterday (October 9) afternoon The quotations for cotton oil and cotton meal have been raised for the second time. As the operating rate of oil and cotton mills increases, the supply of cottonseed is still insufficient. It is expected that the price of cottonseed will be difficult to fall, and the cotton market is still undergoing further adjustments. </p
