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Henan Nanyang: Lint Price Temporarily Stabilized &Nbsp; Market Weakness Remains

2011/4/22 10:04:00 55

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Lint Price In Nanyang Henan

Recently, Nanyang, Henan

Cotton market

The weak is still there.

Seed cotton price

The downward trend will continue.

Lint price

Temporary stabilization, due to recent cotton

futures

The decline of the weakness makes the buyers and sellers of the lint spot market rise again and again.

At present, the purchase price of the local seed cotton is 5.2 yuan / jin (37%), and the price is 0.30 yuan / kg lower than the previous day. In a short week, the seed cotton price in this area has been 6 yuan / Jin.

Fall

At present, 5.2 yuan / Jin has fallen by 15%. Although there are still a small amount of seed cotton stock in the local market, cotton farmers generally do not recognize the current price because of the recent decline in prices.

Willingness to sell cotton

Lower, plus the difficulties in the delivery of lint cotton, cotton enterprises generally do not have the intention to buy, most of them have stopped wait-and-see, resulting in seed cotton purchase price without market, the market is basically at a standstill.

The local four grade lint quotes 27000 yuan / ton, the price is basically the same as the previous day, but the volume of the market has declined significantly compared with the previous period. Some cotton manufacturers have dropped to 70% even more than the previous period. The reasons are as follows: on the one hand, it is caused by the large fluctuation of cotton futures prices at home and abroad. Besides, the textile enterprises are rather serious in the inventory of yarn stock, and the problem of the capital chain is also one of the reasons restricting the increase in the sale of lint cotton.

According to a local cotton business leader, last week when domestic cotton futures prices returned to more than 30000 points, the textile enterprises of inquiry and goods watching increased, but futures prices fell all the way down to about 28000 on Friday. This week, they fell 28000. The market wait-and-see mentality was aggravated again, the enterprises of inquiry enterprises decreased significantly, the enterprises that saw goods were basically not, but the views of cotton enterprises were not very consistent.

At present, the US cotton rising power is limited in the short term. After a short rebound, it is possible to continue to fall, while the future of zhengmian futures will continue to bottom up. The pressure level is above 28300 in the short term and below 27000 in the short term. The local cotton spot market is still hard to pick up in the short term.