The Price Of Cottonseed In Some Cotton Regions Of Hebei Has Risen At The Same Time, Causing Pressure On Enterprises

Recently, the prices of seed cotton and cottonseed in some cotton regions of Hebei Province have risen together, which has put pressure on enterprises. On October 21, the price of seed cotton in Cangzhou was between 4.25-4.30 yuan/kg, up 0.05 yuan/kg from last week, and the price of cotton seeds to the factory was 1.43-1.44 yuan/kg, up 0.03 yuan/kg from last week; The second level purchase price of a few white cotton in Baoding is 4.40 yuan/jin (above 38% lint percentage); The purchase price of Hengshui white cotton grade 3 is 4.35 yuan/jin (36-38%, the same below), white cotton grade 4 is 4.25 yuan/jin, and light dirty cotton grade 1 is 4.20 yuan/jin. The person in charge of a ginning plant in Baoding said that at present, seed cotton enterprises with white cotton grade 3 and light spot dirty cotton grade 2, a small amount of white cotton grade 2 and clothing percentage below 36% will not purchase. Most enterprises are convenient for batching, and cotton is stored in 2-3 batches.

On the one hand, the increase of seed cotton is due to the reluctance of cotton farmers to sell, and their psychology of price fixing is still firm. A cotton farmer in Cangzhou said that he did not plan to sell the cotton when the price was lower than 4.40 yuan/jin. Up to now, he has collected more than 13000 jin of seed cotton. Although the owners of two or three ginning plants intend to purchase the price, they are unable to clinch a deal due to the large gap between the two sides' quotations. On the other hand, the price of cottonseed rose. After the National Day, the price of Hebei cottonseed rose by 0.08-0.10 yuan/jin, driving the price of seed cotton up. However, the rise of seed cotton continues to bring pressure on cotton enterprises, many enterprises call it "too much to eat".

According to the person in charge of an enterprise in Baoding, although cottonseed is rising significantly, the enterprise still dare not purchase in large quantities. On the one hand, the cottonseed market is unstable, and enterprises are worried that cottonseed will suddenly "turn down"; On the other hand, the public inspection of recently processed cotton is not ideal. Recently, the cotton samples submitted by the enterprise for inspection have dropped one grade from the self inspection, especially the ginning quality. In addition, cotton farmers expect high prices and are reluctant to sell. At present, the enterprises have acquired 30000 to 50000 kg a day, more than 70% slower than last year.