26 Cotton Market In Fugou Mild Xinxiang Cotton Market Improved

For 2.65 yuan / jin (lint 38.5%), cotton farmers' willingness to sell is increasing, but the acquisition of cotton enterprises is not positive, and most enterprises are still in a state of shutdown.

On the low side, cotton enterprises are not profitable.

On the basis of 500 yuan / ton processing fee, the lint cost has reached 11700 yuan / ton, but the spot price in the local market is less than 11500 yuan / ton (net weight and no ticket).

Aftermarket

The trend is difficult, the local textile enterprises are only processed according to the contract, no contract will stop work, so that the purchase of leather cotton is not active, and keeps buying with the use.

Because export enterprises are few, the export tax rebate adjustment has not been able to boost the confidence of textile enterprises recently.

In March 27th, the price of local cotton seed was 2.1-2.3 yuan / kg (lint percentage was 36%-38%), and the cotton farmers had already sold more than 50%.