Cotton prices are still sluggish

Cotton prices are still sluggish New cotton is listed on a sporadic basis, but the current market conditions are relatively flat. The cotton price is between 4.0 and 4.4 yuan/kg. As the market price of cotton remains sluggish this year, the price of future cotton will be dominated by the price of the national policy. As the rules for the temporary cotton purchase and storage policy have not yet been announced, the policy for the next step of reserve cotton release has not yet been clarified, and some enterprises still maintain a wait-and-see attitude.

Hubei Jingmen cotton has been listed on a small scale, and the price of seed cotton is about 4.3 yuan per kilogram. Jingmen City is a major cotton production city in Hubei Province. Seed cotton in some cities and counties in this city has been listed on the market in late August. Between RMB 4.3, it is close to the price levels of Pingdingshan in Henan, Yangquan in Shanxi, Quzhou in Anhui and Zhejiang, Shandong, and Northeast China.

The area of ​​cotton in Jingmen this year reached 506,900 mu, an increase of 38,400 mu over the previous year, an increase of 8.2%. Muping is expected to produce 238 kg of seed cotton, which is 2 kg less than that of the previous year, with a decrease of 0.83%. The total output of seed cotton can reach 121.13 million kilograms, an increase of 9.27 million kilograms from the previous year, an increase of 8.29%. According to the 38% budget for clothing, the discounted cotton is 920,000 kilomans, an increase of 70,500 yoy. According to the price of 20,400 yuan per ton of cotton temporarily collected and stored by the country, the cotton farmers can realize an income of 938 million yuan, an increase of 72 million yuan over 2012.

This year's cotton production is affected by high temperature and drought, and the opening time is about one week earlier than in previous years. Jingshan County Shunchang Grain & Cotton Development Co., Ltd. has started acquisition on August 20th. According to the owner of the company Jiang, the price of seed cotton is RMB 4.3 per catty. Although the cotton quality of the company's location is better, it is more than 10 days in the company's location and only acquired. Seed cotton more than 30 jins. The main reason is that farmers are currently rushing to harvest crops such as peanuts, corn, soybeans and rice, and there is still no time for large quantities of cotton. The national policy of temporary cotton storage and storage has long been announced to the public. The temporary storage and storage price per tonne of lint cotton is 20,400 yuan, which is in line with the national temporary purchase and storage price last year. Since the market price of cotton is still sluggish this year and the operating risk of the market is relatively high, cotton acquisition and processing enterprises must actively participate in the temporary storage and storage of State Reserve Cotton, prudently enter the market to acquire, and avoid market risks.

The Agricultural Exchange Jingmen City has acted in support of the acquisition of cotton. It has reported to the Agricultural Bank of Hubei Branch the corporate cotton purchase loan qualifications and loan quotas, which basically meet the needs of the company’s acquisition of funds. In order to avoid the risk of loans, the Agricultural Development Bank of China will give priority to supporting enterprises to participate in the country’s temporary purchase and purchase of cotton, ensuring that the cotton produced by farmers is sold, and ensuring the realization of farmers’ income. (China Grain and Oil Information Network)

Zhangjiagang Free Trade Zone policies dominate the price cotton market is flat As of the end of August, Zhangjiagang Bonded Area Bonded cotton stocks of nearly 10 million tons, and another reserve cotton stocks available for purchase by textile mills about 30,000 tons, cotton sales remained stable overall, about monthly 25,000 tons, compared with previous years, there are many reasons for this, and the market outlook will take the initiative in the hands of national policy.

According to statistics, the imported cotton varieties in the Zhangjiagang Free Trade Zone in August mainly consisted of Australian cotton, American cotton and Indian cotton, among which, due to seasonal picking factors, Indian cotton imports decreased. According to Cotlook's global cotton production, inventory and forecast balance in August, the total global cotton production in 2013/14 was 25.689 million tons, which was an increase of 152,000 tons from the previous month. India's new crop is due to abundant precipitation. A substantial increase to 6.375 million tons, which means that the arrival of Indian cotton will gradually increase after the listing. According to cotton traders, textile companies in the future will tend to purchase more Indian cotton because of the need to match cotton and control costs. At present, cotton traders' quotation for Indian cotton is 18,300 yuan/ton, US cotton M level is 18,400 yuan/ton; Australian cotton SM grade is 19,400 yuan/ton, West Africa cotton is 18,400 yuan/ton, and the transaction price is based on the quotation. Float 200 yuan.

At the moment, textile mills are still being used with purchases. This is mainly based on the fact that the inventory of textile companies can still be used for about 2 months. Therefore, there is time to wait for the introduction of national policies. If the country does not dump, then the price of cotton will have some upside. At that time, the demand for cotton for textile companies will also be relatively strong. If the country throws reserves again, the price of cotton will depend on the policy price. (China Cotton Net)

In Hunan, the color of cotton that was weighed in advance was better than in previous years in Hunan Province, which lasted for 2 months this year, with sunny and hot temperatures and no rain, resulting in more serious drought in the cotton field, affecting the flowering of cotton and the growth of budding bells, the shedding of bells, the reduction of plow, and the lightness of bolls. Individual cotton field cotton flowering peak, showing signs of premature aging de-fertilization. By the end of August, the light was sufficient, and some dry areas had ushered in effective rainfall, drought conditions eased, and a few cotton areas experienced drastic changes in droughts and floods, which had a certain impact on the growth of cotton. Affected by the continuous high temperature, cotton boll opening has accelerated, but the elongation of cotton has been blocked and the birth process has been accelerated. The early cotton bolls started to boll due to immature, and the length of seed cotton fiber is shorter than that of last year, which is 1-2mm shorter than that of cotton. (27-28mm last year), because of the sunny heat, cotton has no rotten peach, no frozen petals, cotton color is better than in previous years.

According to the Hunan Provincial Cotton Association, high-temperature effects have caused cotton to boil ahead of schedule. Among them, Changde District has begun sporadic picking of cotton on August 10, and individual companies have begun tentative open-scale acquisitions in late August. Due to the impact of weather on cotton, the seed cottonseeds are mostly between 33%~35%, the high-yield clothes are about 38%, the seed cotton prices are between 4.0~4.4 yuan/kg, and the cotton purchase time is earlier than last year. Nearly a month (opening of the scale at the end of September last year and early October of the previous year), there have been cotton companies that have begun to open scales. As the temporary collection and storage policy is about to start, the detailed rules have not yet been announced, but the policy for the next step of reserve cotton release has not yet been clarified, and some enterprises still maintain a wait-and-see attitude.

For this year's cotton collection and storage and the new standard at the same time, the various connections are still being explored. The association recommends that all cotton companies in the province should be supervised by cotton auditors who have participated in training in combination with past years' experience in the color and quality of seed cotton. Farmers' understanding of the new standard may be shallow and it takes time and manpower to distinguish between color grades. The integration of new and old standards also requires a process. Everyone will gradually accept and adapt to the new cotton standards in practice. In addition, if cotton companies want to make profits, they must do sufficient work in terms of cotton quality and processing volume.

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