As the end of the year approaches, the cotton market in Shandong, Hebei and other places shows unbalanced characteristics. There are some optimists and some pessimists. The quotations of cotton and upstream and downstream products are also experiencing varying degrees of chaos. The main manifestations are as follows:
The purchase price of seed cotton varies greatly from place to place. On December 18, the mainstream purchase price of seed cotton in Cangzhou, Hengshui and other places in Hebei Province was between 3.05-3.15 yuan/jin, and the price of lower-quality seed cotton was 2.85-3.00 yuan/jin, which was basically the same as the previous week. In terms of ginners, the current mainstream seed cotton clothing is divided into 37-40%, with some reaching 42%. The colors are mainly white cotton and stained cotton. The purchase price of seed cotton in Dezhou, Liaocheng and other places in Shandong is higher than that in Hebei. On December 18, the person in charge of a 400-type ginning factory in Liaocheng said that since this week, the mainstream purchase price of seed cotton is 3.12-3.22 yuan/jin (clothing content 40%, moisture regain rate 12%), and the purchase price in Texas is also 3.15-3.20 Yuan/jin. As for the reasons for the large difference in the purchase price of seed cotton, firstly, there is a slight difference in cotton quality between the two places, and the quality of Shandong seed cotton is slightly better; secondly, Shandong textile factories are large-scale and concentrated, which is conducive to the sale of cotton by ginners.
In addition, cottonseed has recently experienced “stable growth” in different regions, resulting in large price differences. According to oil mills in Xiajin, Wucheng and other places in Shandong, on December 18, the highest price of cottonseed at the factory was 1.20-1.23 yuan/jin (oil content 13%-15%), an increase of 0.03 yuan/jin from Monday; Xinjiang cottonseed The price at the factory is 1.28 yuan/jin, with the highest price at 1.30 yuan/jin, which is also 0.02 yuan/jin higher than on the 16th. In Dongguang, Quzhou and other places in Hebei, the price at the factory is 1.18-1.20 yuan/jin, with the highest price at the factory. The price is 1.21 yuan/jin, which is generally stable. Cottonseed quotations in various places are chaotic, and the “rising and stable” situation is different. This is mainly because the benefits of various oil pressing plants were different before the year. Some oil pressing plants planned to go on holiday early and only purchased supplies sporadically; while some oil pressing plants maintained 100% operating rate. The processing volume is not decreasing, and the demand for cottonseed is strong.
The spot price of lint is unevenly hot and cold. Recently, Zheng cotton has fluctuated and risen. The CF2001 contract closed at 12,855 yuan/ton on the 18th, an increase of 40 yuan/ton from 12,815 yuan/ton on the 17th. According to feedback from the industry, due to the favorable negotiations between China and the United States, the market reaction was relatively large, and the market rose under the bullish mentality. Spot prices are stable and transactions remain quiet. On December 18, the price of third-grade lint cotton in Shandong, Hebei and other places was 13,300-13,400 yuan/ton (gross weight, delivery, tax included), which was the same as yesterday. Most ginners report that lint cannot be sold and manufacturers have large inventories.
To sum up, as the end of the year approaches, the market prices in various regions have become quite different and unbalanced. In particular, the quotations of cotton and cottonseed are relatively chaotic. Different yarn counts often perform poorly, and high-end yarns tend to misfire relatively well. As a cotton spinning enterprise, you should clearly distinguish the situation and make your own judgment. </p
