This week (December 6-9), Zheng cotton was in a dilemma, maintaining a sideways trend. Spot lint cotton was relatively stable, with individual fluctuation adjustments and poor market demand. In the Jining area of Shandong Province, there is not much high-grade seed cotton, and the sales of lint cotton by enterprises are limited. The ginners are currently less enthusiastic about purchasing, and the overall market purchase and sales are deserted.
Last week (November 29th – December 3rd) after Zheng cotton fell sharply, ginners lowered the purchase price of seed cotton to varying degrees. However, because most of the seed cotton purchased was fourth-grade flower, the overall cost was still high. In addition, the price of cottonseed Following the sharp decline, the operating difficulty of cotton ginning mills has further increased. At present, the purchasing price of seed cotton from manufacturers that maintain purchasing is mostly 4.70-4.90 yuan/jin (clothing content 38-39%, moisture content less than 13%). High-grade seed cotton is priced based on quality. However, due to its relatively small proportion, most of the processed lint is four. Grade, the ex-factory quotation is generally 20,300-20,500 yuan/ton (gross weight, with invoice). The factory quotation for processing a small amount of weak third-grade lint cotton is 21,000 yuan/ton, and the shipment is mediocre.
On December 8, Zheng cotton weakened steadily. Among them, the main contract of CF2201 was adjusted at 20510-20860 yuan/ton, which was lower than the 7-day low of 20700 yuan/ton. The trading volume was average. This week (December 6-9), the cotton yarn futures market fell step by step. Among them, the main contract of CY2201 was adjusted at 26220-27055 yuan/ton, and fell again at a low level. It fell by 515 yuan/ton from the 7-day low of 26735 yuan/ton. And the technical form is still weak and difficult to change in the short term.
There are many negative factors in the current yarn market, including high raw material costs, insufficient product orders, and weakening yarn prices. Manufacturers continue to give away profits, and processing losses continue to increase. The quotations of cotton yarn products in Jining and surrounding areas are mainly weak and stable. Among them, the price of 32-spun carded ring-spun factory is 29,250 yuan/ton, and the price of 32-spun combed ring-spun factory is 31,000-32,000 yuan/ton. The transaction is negotiable, 8 There are rarely inquiries every day.
Due to the sluggish shipment of cotton yarn products, the inventory of textile mills continues to increase, and they are cautious about purchasing lint cotton. Most spinning mills adopt the principle of low-level purchasing of futures and spot goods. Among them, the 3128 grade machine-picked cotton of Shandong Kuxinjiang lint is CF2201+ with a basis difference of 2000-2500 yuan/ton. , today’s transaction price is mostly 22,600-22,900 yuan/ton, 100-200 yuan/ton lower than yesterday. A small amount of mainland spot lint cotton is purchased, which restricts the lint cotton trading volume of local ginners. Due to the limited grade of seed cotton, it is difficult to insure local processed lint. Except for one local ginning and textile integrated manufacturer, the purchase of seed cotton has been stable (the processed lint can be used for own use or exported). Other manufacturers have a strong wait-and-see attitude and dare not purchase large quantities of seed cotton. Most of them adopt the production-to-order model. The startup is intermittent. The market operation is on thin ice, and purchases and sales are deserted. .
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