Cotton Association Of Hubei Province: Acquisition Of New Cotton During Eleven

" Eleven During the long holidays, the cotton association of Hubei province organized in-depth investigation of 400 acquisition processing enterprises, cotton fields and some cotton farmers in Jingshan, Zhongxiang, Shayang, Qianjiang, Xiantao and other places, and reported information through the warning system information points to understand cotton production and purchase situation as follows.

First, the policy is limited in the market, and the purchase price continues to operate at a high level.

With the convening of the national teleconference and the implementation of the 400 thousand ton reserve cotton sell-off plan, the price of the pre holiday market dropped slightly, and the average price of the 4 grade seed cotton purchase was around 4.76 yuan / Jin in September 30th. Entering the "eleven" long vacation, the purchase price is still strong, especially on the 4 and 5 days after the festival, the purchase price has risen rapidly, from 5 yuan to around 5.15-5.2 yuan / Jin, the daily gain is close to 30-40%. This high price is maintained until the end of the festival. On the 8 day, the quotations are generally 5.2-5.3 yuan / Jin, lint 36-37.5%, grade 4, water 15-16%, and the total cost of leather folding is about 23000 yuan / ton.

Two. Climate impact New cotton Growth and listing, production reduction is a foregone conclusion.

In the early years, the cotton growth in Hunan Province was delayed due to climate change. In the past year, cotton boll opening period was at the peak stage, and most of the fields were green peach in this year. The temperature in late stage will gradually decrease, which will seriously affect the output of cotton. Most of the areas reflect that although the area has not been reduced this year, the reduction of output has been a foregone conclusion, and the concentration of the market will be further postponed.

Three. Cotton grower Basically satisfied with the current purchase price, the active cotton growers have basically accepted the purchase price of the seed cotton. Most cotton farmers believe that the purchase price is 4.8 yuan / Jin already very substantial, and this year's acquisition conditions are very loose, so the sales attitude is positive, and there is no hoarding mentality. All localities reflect the current 30-40% picking capacity of the total output.

The four and 400 enterprises are cautious in entering the market and flexible in their management strategies.

In the face of rising purchasing prices, most of the 400 types of enterprises are making tentative acquisitions before the holiday. With the advent of the new cotton concentration listing period, some cotton enterprises are close to the market and open to acquisitions to avoid missing resources. The quality and water requirements are stricter than before, and the strategy of speeding up sales is adopted to reduce market risks. 2200 tons of seed cotton and 300-400 tons of seed cotton have been purchased. They have signed a sales contract and are actively processing and marketing.

Five. Market players' View

The concept of promising future market is the mainstream. At the same time, it is considered that market risk and business pressure are increasing, and this year's cotton quality is bad, the water is too large, the linen percentage is low, it is difficult to generate futures warehouse receipts, and hedging is not feasible.