The Price Of Cottonseed Is Higher Than That Of Cotton In Previous Years.

Last week (September 2019 16-20) was the twentieth week of the central reserve cotton mill in 2019. China Cotton Reserve Management Co., Ltd. sold 59 thousand tons of central reserve cotton, including 20 thousand and 300 tons of Xinjiang cotton and 38 thousand and 700 tons of real estate cotton. From the beginning of the central cotton reserve in May 5, 2019 to September 20th, China Cotton Reserve Management Co. Ltd. has sold 1 million 82 thousand and 400 tons of central cotton reserves, including 537 thousand and 700 tons of Xinjiang cotton and 544 thousand and 700 tons of real estate cotton.

In the week, the average price of the central reserve cotton was 12137 yuan / ton, up 179 yuan / ton compared with the previous week, and the price of the standard grade (3128B) was 13308 yuan / ton, up 14 yuan / ton compared with the previous week. The average price of Xinjiang cotton was 12497 yuan / ton, 297 yuan / ton higher than the previous week, and the price of 3128B was 13715 yuan / ton, up 84 yuan / ton compared with the previous week. The average increase was 1177 yuan / ton, up 3 yuan / ton compared with the previous week. The average price of real estate cotton was 11948 yuan / ton, up 200 yuan / ton compared with the previous week, and the price of 3128B was 13093 yuan / ton, up by 91 yuan / ton compared with the previous week, and the average price increase was 555 yuan / ton, up from the previous week. In the week, the highest price of the central reserve cotton was 13130 yuan / ton, and the lowest transaction price was 11530 yuan / ton.

Last week, the cotton market was relatively calm. Zheng cotton went up and down, and the disk remained below 13000 yuan / ton. In the spot market, the demand for lint was improved, manufacturers' confidence was improved, and the replenishment of textile enterprises increased. After the Mid Autumn Festival, some manufacturers increased the price of lint, which increased by 100-200 yuan / ton. The high turnover rate of cotton reserves and the rising price also reflect the improvement of downstream demand. At present, seed cotton and boll opening are speeding up, and the picking rate of cotton farmers has increased further. The purchase price of seed cotton has also increased by 0.1 yuan / kg after the holiday, most of which remain at 2.8-3.2 yuan / Jin interval. It is worth noting that the price of cottonseed is higher than ever since the beginning of the new year. This is also an important part of boosting the confidence of the cotton mill.