Recently, The Price Of Zhengmian Futures Has Risen, But The Market Is Hard To Predict.

With the advent of the Spring Festival holidays, the downstream cotton ginning mills are making every effort to prepare for the Spring Festival holiday. Although the seed cotton purchase is basically in the semi harvest and half stop state, the seed cotton processing is still proceeding in an orderly way.

At present, the ginning plants are actively cleaning up the yard and seed cotton to ensure the safety of the factory premises during the Spring Festival holiday.

Recently, the price of zhengmian futures has risen, but it has little effect on the stock market. The main reason is that the market is in a slump.

According to statistics, as of today, the purchase price of seed cotton from east to Anhui remains at 3.25-3.35 yuan / kg (38% of clothing, 10% of water and 1.3% of impurities), and the price of seed cotton plus freight and other expenses is controlled at 3.50 yuan / Jin.

At present, most textile mills have announced that they are not ready to purchase raw materials before the year. Some textile mills insist on purchasing 60 yuan a week, but the price is between 14500-14900 yuan / ton (with tickets, delivery and gross weight), which has dropped 100 yuan / ton compared with last week.

In addition, cottonseed sales have basically stopped, and downstream manufacturers said they did not buy it before.

Short staple is still in a state of no market price. Although there is still a turnover in Xinjiang, there is not much turnover.

As of today, Anhui east to cotton seed price quoted at 0.96 yuan / Jin, short lint 3200-3500 yuan / ton, Xinjiang a velvet 6500 yuan / ton.