Hubei Cotton Prices Rebound, Textile Enterprises Procurement Increased
The futures quotations from the four sides of the Zhengyang cotton futures market and the far cotton contract price have continued to rise, and the central economic conference has set the tone to anticipate the loose funds and the pressure of European debt crisis has eased. Recently, Hubei
lint
The price of cottonseed has both fallen and rebounded, and the processing cost and sales pressure of some ginning plants have eased.
In December 12th, Hubei's Tianmen, Xiantao and Jingzhou 4 class cotton packets were quoted at 18200-18500 yuan / ton, and the 4 grade cotton quotes which did not meet the storage requirements were 18800-19000 yuan / ton, all of which rose 200 yuan / ton compared with the beginning of December.
About
The enquiry and demand for the downstream cotton mills increased somewhat in the middle and late 11 months. However, the amount of purchase was mainly based on pre holiday replenishment, and some small and medium-sized cotton spinning enterprises planned to leave in mid or late December. Most of the lint stocks were controlled within 10 days. The cottonseed price was 0.98-1.0 yuan / Jin, which was 0.5 yuan / kg higher than that at the end of November.
Stop collecting
The 200 type enterprises will re open their scales and rush to harvest seed cotton.
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