Profits Continue To Ferment Cotton And Yarn Prices Fall

Recently, Cangzhou, Hebei, ushered in a rainfall. Several cotton producing counties such as Hejian, Cangxian, Yanshan and Huanghua had uneven rainfall. Most counties were in 18-20 millimeters, and 30-40 counties in some counties.

To alleviate drought, supplement water and fertilizer, cotton seedlings accelerate growth, most cotton seedling height 15-20 centimeters, five pieces of true leaf.

Disadvantages, local rainfall accompanied by gale and hail, smashed and smashed some seedlings. After rain, cotton growers intensified their planting and pplanting.

As of May 28th, the main work of cotton growers in Cangzhou is to see seedlings and protect seedlings, and carry out field management. Recently, when cotton seedlings are the most delicate, whether management is in place or not will play a crucial role in future production.

Recently, the market continued to ferment, cotton prices continued to explore, yarn prices fell, cottonseed kept rising.

The market is stormy, and several families are unhappy.

First, cotton spot will continue to explore.

As of May 28th, the three class price of real estate cotton in Cangzhou area was 14200 yuan / ton (gross weight, pick up), four level 13700 yuan / ton, compared with last Friday (24), it fell 200 yuan / ton.

According to the analysis, there are still room for reduction in real estate cotton spot in recent years. The reasons are as follows:

1. The reserve price of cotton reserves has been continuously lowered.

This week, the reserve price was 13747 yuan / ton (standard class price), down 146 yuan / ton compared with the previous week.

The market expects that the average price of cotton reserves will be reduced by 3128 to 14000-14500 yuan per ton this week.

2, the price of real estate cotton and Xinjiang cotton is flat or even upside down.

Because of the further drop in railway freight rates, Xinjiang cotton has sold to the mainland for sale. The pick up price of the "double 28" machine picking up cotton Cangzhou bank is about 14300 yuan / ton, basically flat with the real estate cotton.

Cangzhou real estate cotton has neither the quality superiority nor the price advantage, and the price continues to be explored almost unavoidable.

Two, the textile market low season ahead of schedule.

Yarn to "golden three silver four red May" argument, this year not only did not appear "red May", the off-season also arrived ahead of schedule.

According to the heads of several textile factories in Cangzhou, the textile market has three characteristics:

1, yarn prices plummeted.

As of May 28th, the price of local 21S high quality knitted pure cotton yarn was 22000 yuan / ton, and the current price of high quality knitted pure cotton yarn was 23200 yuan / ton, all of which fell 500 yuan / ton compared with the previous week.

2, inventory growth.

Recently, most of the cotton mill finished product inventory exceeded 30 days, compared with the end of April increased by more than 20%.

Some manufacturers have stopped production and stockpiles.

3, suspend the purchase of raw materials.

Cangzhou yarns are mainly small factories with less than 100 thousand spindles, and are under the pressure of inventory. Most of them are no longer buying raw materials.

Three, cottonseed "adverse market" rise.

As of May 28th, the mainstream price of cottonseed in Cangzhou area was 1.08-1.10 yuan / kg (oil content 13%, moisture 16%), and Xinjiang cottonseed price to 1.18 yuan / jin (oil content 14%, water 13%), up 0.02 yuan / Jin yesterday.

To sum up, the cotton market in Cangzhou is changing rapidly.

As the main body of the market, we should analyze the situation, seize the opportunity and do business well.