Enterprises Prudently Open Up Scale Cotton Seed Prices Rise

National cotton purchasing processing weekly (9-15 September)

The cotton purchase scale started later in the year, and the opening price was lower than in previous years. The scale and purchase volume were also lower. By the end of September 15th, Xinjiang had accumulated 0.06 tons of processing and 341 tons of the mainland, including 69 tons in Shandong and 272 tons in Jiangsu.

Demand for cotton has declined since the beginning of this year. Sales of cotton processing enterprises have been slow and business pressure has increased. Some of the local ginning plants have been completely eliminated. Most of the cotton ginning plants in Xinjiang are cautiously wait-and-see. They are eager to wait for the market to be relatively stable before entering the market.

According to the survey, the purchase price of seed cotton rose slightly in the mainland. Among them, Hebei seed cotton purchase price to 3.00-3.10 yuan / jin (lint 39-40%, moisture 16-18%), initially increased by 0.05-0.10 yuan / Jin than the opening scale; Shandong area purchase price to 3.00-3.20 yuan / jin (lint 38-40%, moisture below 15%), compared with the beginning of the scale increased 0.01-0.15 yuan / Jin; Hubei area purchase price to 3 yuan / jin (37-39%, water 17-18%), part of the region than the beginning of the scale rose 0.10 yuan / Jin.

Xinjiang part of the ginning plant Kai scale acquisition, hand picking cotton weighing scale 5.0-6.0 yuan / kg (39% lint), compared with last year, 1.5-2.5 yuan / kg. The price of cottonseed has increased significantly in recent years, and the price of 2.0-2.1 has been restored gradually. It is estimated that the purchase price will reach 5.8-6.0 yuan / kg in the middle and October, and it will come down later.