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Hubei Wuhan Seed Cotton Price Rises Cotton Price Falls &Nbsp; Drought Affects New Cotton Growth

2011/5/24 16:29:00 51

Seed Cotton Price Lint Cotton New Cotton

Recently, affected by North China

Seed cotton price

The rise in Hubei Wuhan region

Seed cotton market

Slightly more active than before, prices also appeared to stabilize the trend of rising, but the lint market is still sluggish, prices in the early period of stability after a period of time down again, and set a new low this year.

At present, the purchase price of the four grade seed cotton listing of a few local cotton enterprises is 4.5 yuan / jin (lint 36%), the price rose 0.10 yuan / Jin compared with May 21st, the lowest 4.1 yuan / Jin has risen 0.4 yuan / Jin.

As the local seed cotton market is in the end stage, the vast majority of cotton farmers have sold out of the seed cotton, but the stock of a certain amount of cotton in the market is mostly concentrated in the hands of middlemen, but the stock is not large, generally in 100 tons and down, the most is only more than 200 tons of inventory, but their willingness to sell cotton is generally low, mainly because of the price. At present, the middleman average seed cotton purchase price is 4.8 yuan / Jin, so they are still at a loss according to the current market price, so the seed cotton purchase market is basically a price free market, and the cotton enterprises are still mainly using the inventory mainly, most enterprises are stopping, generally no intention to buy seed cotton.

At present, the local four level.

lint

The price is 21500 yuan / ton, the price is down 500 yuan / ton compared with May 21st, and the lowest number of lint of some manufacturers has been reported to 21000 yuan / ton. The enthusiasm of the cotton enterprises is higher, most of the textile enterprises remain on the sidelines.

In addition, it is reported that some large cotton factories in the locals now have a high stock of lint, generally around 500 tons, reaching a maximum of 1500 tons or more, and the cost is more than 25000-26000 yuan / ton. At present, the price loss is too serious, so most of them will not consider selling except those who are eager to use money.

At present, most areas in Hubei are facing 50 years of dry weather. The crops in the whole province are seriously affected, especially the adverse effects on the growth of new cotton. The southeastern part of the province is the most severely affected area. Many counties and cities under the jurisdiction of Wuhan are suffering from drought in varying degrees. Local agricultural experts initially estimated that although the planting area of cotton increased this year than that of last year, if the dry weather continues in the coming period, the local cotton output will have some influence this year.