Cotton Prices Go Down &Nbsp All The Way; Textile Companies Are Watching.

6, reporters from Dezhou, Shandong

In early April, Dezhou seed cotton purchase price has dropped from 6.30 yuan / Jin in mid February to 5.85 yuan / Jin.

Because of the instability of cotton prices,

The decline of lint price and seed cotton prices led to a stalemate in the cotton market chain, and the purchase and sale basically stagnated.

According to the reporter, cotton processing enterprises basically stopped buying seed cotton in March and April. Up to now, some cotton growers have hoarding 20% seed cotton, and two cotton planting counties in Wucheng and Xiajin, and 25% to 30% seed cotton in the hands of cotton growers.

"From past years, the seed cotton purchase will be over by the end of April."

The head of the Dezhou Cotton Association told reporters that in the early April, only 10% of the cotton seeds were left in the hands of cotton farmers, but the number of seed cotton had doubled or even more this year. If the seed cotton is sold in the hands of cotton farmers in accordance with this stalemate, the processing enterprises will not be able to get enough seed cotton, and the seed cotton purchase will not be over at the end of April.

In addition, according to the rule of past years, after the May 1, cotton purchase price will increase. As long as cotton price has a long trend, processing enterprises will dare to buy seed cotton.

Meanwhile, cotton growers must seize the opportunity to sell seed cotton as early as possible.

Cotton farmers do not have good storehouses to store seed cotton, and cotton grades are bad at a long time, so they can not sell anymore.

6, reporters learned from the Dezhou Cotton Association, the state from September 1st this year to March 31st next year to implement temporary cotton storage system, the lowest price of standard grade lint is set at 19800 yuan per ton, take an unlimited number of open storage, equivalent to this year's new cotton purchase has the lowest protective price.