Market Prices Of Cotton In Shandong In March 25Th

In March 25th, cottonseed and seed cotton prices continued to rise in some parts of Shandong, and seed cotton turnover was reduced, and cotton enterprises continued to stop.

Huimin County, Binzhou: in March 25th, the price of local 3 grade seed cotton was 2.76 yuan / jin (39% of lint and 10% of moisture regain), rising 0.01 yuan / Jin compared with 23 days.

Linqing City: in March 25th, the local cottonseed output price was 0.95-0.96 yuan / Jin, compared with 24 days rose 0.01 yuan / kg; the 3 grade seed cotton price was 2.80-2.85 yuan / jin (39%), and the price of seed cotton which was purchased by individual factories with good grade and over 41% clothes reached 2.90 yuan / Jin.

Dezhou: in March 25th, the purchase price of cottonseed in the local oil plant was 0.94 - 0.95 yuan / Jin, up 0.05 yuan / Jin compared with the previous week; the 3 class seed cotton purchase price of the 400 type enterprise was 2.87 yuan / jin (40% of clothing and 10% of moisture regain), which rose by 0.02 yuan / kg; 3 grade lint price was 11800 yuan / ton left right (gross weight, with ticket and pick-up).

Because of the late purchase and sale of seed cotton, there are more mixed grade cotton, and the quotations are chaotic and the price spreads are large.

In addition, the inventory of finished goods in textile enterprises has further increased, and the difficulty of returning money to goods, the tight funds, and the enthusiasm of raw material procurement have declined.

However, at present, high-grade cotton still flows to the national reserve. The spot market is mostly weak grade 3 and grade 4 cotton. The price is between 11100-11300 yuan / ton (picking up, gross weight and carrying tickets), and most buyers are small cotton mills with low spun yarn.

Editor in chief: Xu Qiyun