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Handan: Seed Cotton And Lint Buying And Selling Stalemate &Nbsp; Cotton Enterprises Cautious Market Entry

2011/4/19 9:17:00 33

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Purchase And Sale Of Seed Cotton In Handan

Handan

The enterprise reflected in April 15th,

Cotton price

Continue to weaken, the parties concerned about the trend of late, dare not easily enter the market, resulting in

Unginned cotton

The stalemate of sale and sale of lint and the market suffered cold spell.

Spring sowing has also been launched in a small scale. The market is expected to be better, but it is also difficult to understand the current difficulties.

14-15 April, some key cotton producing counties in Handan

Lint sales

The quotation remained stable and weak. The 3 class cotton quotations were 30000 yuan / ton (delivery price, gross weight settlement), 4 level 29200 yuan / ton (ibid), weak 4 level 28800 yuan / ton (ibid), 5 level 26700 yuan / ton.

From the quotation, 3, 4 grade cotton price difference is big, 4, 5 grade cotton price difference is bigger, shows

market

High grade cotton is more popular, and low grade cotton prices are difficult to make.

Xinjiang cotton

offer

2 level 31200 yuan / ton (ibid), 3 level 30800 yuan / ton (ibid), 4 level 30200 yuan / ton (ibid), unchanged from yesterday.

Zhang Wei, the head of a company, said that at present, the purchasing amount of textile enterprises is very small, and wait-and-see psychology is still strong.

The reason is that some large enterprises are not optimistic about the purchase situation, resulting in an increase in yarn stock. Individual enterprises over 2 months, occupy a large amount of funds, the risk growth in the aftermarket.

In April 15th, the local temperature during the day was about 20 degrees Celsius. Some plots had been able to see cotton planting plastic film and sowing spring cotton, and local spring sowing began to start.

According to investigation, the local spring sowing in 2011 has been postponed for 5 days compared with the previous years. It is estimated that it will be able to enter the climax in April 25th.

It is expected that the spring sowing area in 2011 will be increased by about 10% compared to 2010, and the seed cotton price will be more than 5 in the next year, which is more optimistic than that in 2010.

But this situation is also difficult to solve the current difficulties in the cotton market, market participants estimate that the price of lint may be too high in the early stage, encountered resistance in the downstream pmission process.

Many enterprises believe that cotton prices will still fall in recent days.