Today, Wei Qiao Will Cut &Nbsp Again; Cotton Market Will Continue To Slump.

According to feedback from information staff in Binzhou, Shandong, a large textile enterprise in Shandong today. lint The purchase price has been reduced by 200 yuan / ton, and the 429 grade lint price is 18500 yuan / ton, the 329 grade lint price is 19300 yuan / ton, and 427 grade lint price is 17900 yuan / ton. And the price cut is less than a month from last time.

Every time the price of Wei Qiao is cut, cotton enterprises in Shandong always bear the brunt of their impact. And this time Price adjustment The short interval will further hurt cotton enterprises' confidence in the cotton market to a certain extent. In the seed cotton market, the volume of seed cotton market in Shandong is still small. The purchase price of Shandong Wucheng seed cotton is 3.6-3.7 yuan / jin (lint 36-38 moisture 14), Dezhou Ningjin local Unginned cotton The purchase price is around 3.6 yuan / jin (38 of lint, 12 of moisture), and the purchase price of four grade seed cotton in Dongying is about 4.1 yuan / kg (39 of clothing, 13 of water). Most of the cotton market is light, and the purchase and sale are not smooth. Some large enterprises are ready to pay for storage to ease the embarrassing situation.

As of yesterday, 2011 cotton temporary storage and storage totaled 820090 tons, and Xinjiang accumulated 574120 tons, and the mainland accumulated 245970 tons. Although the pace of national cotton purchasing and storage has been accelerating, it is difficult for the state to purchase and store in the short term to control its cotton market.

According to analyst analysis, cotton market will continue to slump, which is difficult to change in the short term.