Enterprises Prudently Open Up Scale Cotton Seed Prices Rise

The cotton purchase scale started later in the year. The price of opening up scale was lower than in previous years. The scale and purchase volume were also lower. By the end of September 15th, the total volume of processing in Xinjiang was 0.06 tons, and the mainland was 341 tons, of which Shandong was 69 tons and Jiangsu was 272 tons.

Demand for cotton has declined since the beginning of this year. Sales of cotton processing enterprises have been slow and business pressure has increased. Some of the local ginning plants have been completely eliminated. Most of the cotton ginning plants in Xinjiang are cautiously wait-and-see. They are eager to wait for the market to be relatively stable before entering the market.

According to the survey, the purchase price of seed cotton rose slightly in the mainland. Among them, Hebei seed cotton purchase price to 3.00-3.10 yuan / jin (lint 39-40%, moisture 16-18%), compared with the beginning of the scale rose by 0.05-0.10 yuan / Jin; Shandong area purchase price to 3.00-3.20 yuan / jin (lint 38-40%, moisture below 15%), compared with the beginning of the purchase price of 0.01-0.15 increased 0.01-0.15 yuan / Jin; Hubei area purchase price to 3 yuan / jin (37-39%, water 17-18%), part of the region than the beginning of the price of Yuan 0.10 yuan / Jin.

Xinjiang part of the cotton mill opened the scale purchase, hand picked cotton open scale price of 5.0-6.0 yuan / kg (39% lint), down 1.5-2.5 yuan / kg compared with last year. The price of cottonseed has increased significantly in recent years, and the quoted price is 2.0-2.1 yuan / kg, and the confidence of processing enterprises has gradually resumed. It is estimated that the purchase price will reach 5.8-6.0 yuan / kg in the middle and October, and it will come down later.