Shandong Cotton Prices Continue To Fall, Cotton Enterprises Have Stopped Waiting To See
In November 10th, cotton seed prices in Dezhou, Shandong province were 0.87 yuan / Jin, up 0.04 yuan / Jin compared with 7.
The price of seed cotton has been dragged down, and the purchase price has been affected. The purchase price of seed cotton has been divided. In the eastern part of Ningjin, Lingxian County, Leling, Qingyun and other counties and cities, the purchase price of grade 3 seed cotton is 200 yuan / kg (about 38%), the 400 type enterprise purchasing price is 2.40 yuan / Jin; the western region Wucheng and Xiajin County 200 cotton seed purchase price is 2.40 yuan / jin (clothing 38%), 400 type purchase price is 2.50 yuan / Jin.
As a large textile group in Shandong has recently lowered the purchase price of lint, at present, the price of lint purchase in some small and medium-sized textile enterprises in Dezhou has dropped to around 9700 yuan / ton.
According to another understanding, in November 10th, the purchase price of grade 3 seed cotton in Binzhou was 2.1 - 2.3 yuan / jin (lint 38%, moisture 11%), down 0.3 yuan / kg compared with last week, and the price of cottonseed was 0.85 - 0.86 yuan / Jin, up about 0.1 yuan / Jin last week. Because of the low seed cotton prices, farmers are generally reluctant to sell, while cotton seeds and lint sales are sluggish, and cotton companies stop waiting and wait.
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