Cangzhou, Hebei: Reduction In Market Quotas

As of January 20th, Hebei Cangzhou and its subordinate cotton ginning factories and textile mills basically entered the holiday season, and the quotations of various varieties were greatly reduced.

On the same day, the purchase price of local seed cotton was maintained at 3.00-3.30 yuan / Jin interval, and the seed cotton padded clothes were mostly between 36%-40%. At present, 400 types of cotton ginning plants have been closed, and 200 and 1 enterprises and 2 enterprises are buying sporadically. It is expected that they will be closed on Wednesday.

Lint quotations remained stable. As of 20 days, Dongguang County and Wuqiao county have the highest price of 14000 yuan / ton of cotton lint (three grade real estate cotton, pick up and bring tickets), and four level quotation is 13500 yuan / ton. Before the holidays, the general selling way of the enterprises looks at big goods and bargaining.

Part of the move to Cangzhou Xinjiang cotton "double 28" pick up the price of 14400 yuan / ton (gross weight, pick up, bring tickets), compared with yesterday's price is flat. At present, some traders and middlemen continue to raise their quotations for Xinjiang cotton, but because of the Spring Festival approaching, the market has rarely seen a deal.

The cottonseed market remains at a high level. The purchase price of the new cottonseed is 1.18-1.22 yuan / Jin, which is flat compared with the previous week. The price of Xinjiang cottonseed is 1.26-1.275 yuan / Jin, and the price remains stable. However, the market bullish atmosphere is still strong. Many ginning plants will continue to raise the price of cotton seeds after the Spring Festival.

Recently, the yarn market has also remained stable. The mainstream price of pure cotton combed yarn 21S and 32S is near 19500 yuan / ton, 20600 yuan / ton, the general stock of the cotton mill is not high, and raw materials also keep low inventory for the new year. It is expected that after the Spring Festival, yarn prices will rise and fall, so the cotton mill will have a strong wait-and-see mentality.