Hubei Tianmen seed cotton acquisition active buyers and sellers mutual test

December 6-7, Hubei Tianmen, Qianjiang, Xiantao and other places 3 levels of seed cotton purchase price of 5.4-5.6 yuan / kg (Cloth 36-37%, moisture 13-15%), 4 seed cotton prices in 5.0- 5.3 yuan / kg, are up 0.2-0.3 yuan / kg compared to the end of November, part of the cotton enterprises in the previous suspension of re-starting the acquisition, processing links are also active.

The reasons for the market recovery: First, as Zhengmian **, electronic matchmaking continued to rebound, the market sentiment faded, cotton enterprises began to compete for limited seed cotton resources; second, cotton prices rose sharply over the past week, SM, M Level port net pick-up prices reached 27,800-28,000 yuan / ton and 27,600-27,800 yuan / ton, basically the same with the Xinjiang cotton quotation to move to the mainland, higher than Hubei real estate cotton, cotton prices rebounded to 30,000 yuan before the Spring Festival Expectations above yuan/ton are strong.

At present, the progress of seed cotton processing by Tianmen, Qianjiang, Xiantao and other enterprises is about 70%. There are still a few high-grade seed cottons in the hands of cotton traders. The grades of seed cotton sold by cotton farmers have declined, and the water content is generally above 15%. Due to the large reduction in output, most purchases of cottonseed cotton were reduced by more than 30% compared with the same period of last year. The majority of 400-type companies accounted for only 800-1,500 tons of lint, and few companies are expected to have a processing capacity of 2,000 tons.

In the first half of November, Zheng Cotton and electronic cooperation main contracts all broke through 33,000 yuan/ton, and many companies in Tianmen District did hedging. In recent days, with CF1101 rebounding to more than RMB 28,000/ton, some cotton companies have intentionally hedged themselves, but due to the fact that the grade of hand lint is mainly grades 4 and 5, only 30-40% of cotton can produce ** and Electronic warehouse receipts are combined, and the rest is still mainly spot sales.

In general, the cotton spot market in Tianmen and the surrounding area is still in a mild thaw period. Although the inquiry prices of cotton companies in Jiangsu and Zhejiang increased, the price difference between the quotation and cotton prices is generally more than 800 yuan/ton, and the spot trading volume is still relatively low. Small, the buyers and sellers mainly rely on mutual exploration.

Recently, Xinjiang Cotton Transport arrived in the local warehouses one after another, mainly based on the acquisition and processing of Grade 3 cotton by the Mainland cotton enterprises in Xinjiang, and a small amount of Grade 4 Cotton, Corps and Autonomous Region Cotton and Cotton Company's Grade 2 and 3 cotton transfer warehouses. not much. On the 7th, Tianmen and Qianjiang, and other places, the prices of local cotton in Xinjiang were 27,500-28,200 yuan/ton (publicly fixed, with votes).