Hengshui: Cotton City Running Sluggish Sales Of Lint Cotton

Closer to the 2019 Spring Festival, the cotton market in Hengshui city of Hebei province is running low in recent years. The purchase price of seed cotton and the sale price of lint are at a low level. The cotton sales of the 400 type cotton enterprises are not smooth, and the enthusiasm for buying seed cotton is decreasing.

Since entering the twelfth lunar month, the price of lint of several 400 type cotton enterprises in the vicinity of Nan Wu town in Jizhou district has been quoted at 14800-15000 yuan / ton (fixed settlement, carrying tickets and pick-up).

Textile enterprises in the local and surrounding areas do not see much of their products, and have fewer pactions.

The recent cotton business seed cotton purchase quotation is relatively stable, generally 3.10-3.20 yuan / Jin, requires the linen rate of 38%, the moisture regain 10%, according to this standard lint each increase or decrease 1% price corresponding adjustment 0.05-0.07 yuan / kg, down by 0.25-0.30 yuan / Jin, the Japanese purchase quantity less than 5000 Jin, compared with last year 12 months down 50% above.

The reasons for the occurrence of the local cotton market may have 4 reasons: first, the Spring Festival, the cotton enterprises are eager to return the money, so the pace of cotton sales and seed cotton purchase and processing is slowed down; two, the textile enterprises in the local and surrounding areas are not in high spirits before replenishment, and they are not active in purchasing and purchasing; three, the textile enterprises are going on holiday in succession, and the holiday time is expected to be longer than last year; four, the cotton enterprises are cautious about the spot cotton development after the Spring Festival, and they are interested in the adjustment of the business activities after the clear direction of the market operation.