Cotton Purchase In The Yellow River Valley Is Still Quiet.

In September 20th, cotton farmers in Wucheng and Xiajin introduced a sudden rise in seed cotton prices in Shandong.

Wucheng a cotton seed cotton sales price of 3.75 yuan / jin (38% of lint, moisture of 15%), compared with yesterday's village cotton farmers selling price higher than 0.03 yuan / Jin.

At the same time, a cotton grower in Xiajin introduced more than 300 kg of seed cotton at a price of 3.80 yuan / Jin, up 0.05 yuan / Jin compared to yesterday's cotton price.

Reserve cotton rotation will come to an end in September 30th. During this time, although textile companies are stepping up their bidding, many enterprises can keep stocks for only 25-30 days due to tight chain of funds. By the end of October, stocks will be bottomed out, which will play a supporting role in new cotton.

In the process of rising price of cottonseed and seed cotton, the attitude of the 400 type cotton enterprises has become more cautious, which will delay the large-scale scale operation.

Speaking of Shandong cotton purchase price rise, two cotton farmers said: "

They are all sold to small workshops, and they are sold for only a few hundred pounds, and small workshops can afford the price. "

Small factories dare to buy high prices because cotton seed prices are rising, bringing benefits to seed cotton.

As of September 20th, Shandong, Dezhou, Binzhou and other places cotton seed mainstream price 1.63-1.65 yuan / jin (12% seed oil, 12% moisture), 0.05 yuan / kg before the Mid Autumn Festival holiday.

According to feedback from various oil plants,

Inventory is very low, many oil refineries raw materials, we can only attract the source of goods at high prices.

A few oil plants pferred cotton seeds from Xinjiang to Dezhou, Shandong. The price was 1.65-1.66 yuan / Jin, up by 0.02-0.03 yuan / Jin compared with last week.

Many cotton growers have more expectations for future seed cotton prices.

Take Shandong Dezhou as an example. Today, the 400 cotton enterprises of Kai scale are about 7-8, and the seed cotton purchase price is 3.60-3.65 yuan / Jin, which is 0.50-0.60 yuan / Jin higher than the purchase price of 3.10 yuan / Jin in the same period last year.

But most cotton growers still think that the price of the workshop represents a kind of information, and the price of seed cotton is still going up sharply in the future, or the high point is 4 yuan / Jin.

Cottonseed is still valued by the industry.

At the beginning of seed cotton scale in 2015, cottonseed price was 1.10-1.15 yuan / Jin line, and the current price is 1.65 yuan / Jin.

According to the oil factory feedback this year,

There is a great possibility that cottonseed will continue to rise sharply in the year of tension or throughout the cotton year.

Even the industry thinks that the price of cottonseed will be up to 2 yuan / Jin this year.

In addition to the rising price of cottonseed, the purchase price of seed cotton has risen, and Zheng cotton futures have risen sharply after mid autumn festival.

In September 19th, the CF1701 contract of zhengmian main contract closed at 14745 yuan / ton, up 635 yuan / ton.

Zheng cotton played a role of "direction indicator" and "barometer" for spot prices, and its price rose sharply, giving confidence to the market.