In recent days, the cotton market in Dezhou, Shandong province has seen a noticeable upward trend in prices for seed cotton, lint, and cotton yarns. Local traders are caught between excitement and concern, unsure of how long this momentum will last.
On November 5th, the purchase price for local weak third-class seed cotton stood at RMB 6.80 per kilogram (39% for clothes, 13% for regain), while Tonghua grade was priced at RMB 6.60 per kg (37% for clothes, 14% for regain). The five-grade cotton was at RMB 6.40 per kg. Compared to a week ago, the price has increased by 0.40 yuan/kg, and by 2.40 yuan/kg since early September. Year-on-year, it has risen by 3.05 yuan/kg. The price of cottonseeds remains stable at 2.10 yuan/kg.
Currently, most of the local seed cotton harvesting has been completed. Farmers are holding back from selling, which means that purchasing volumes at each company remain low. Some companies can only process over 10,000 pounds a day, while others may not receive any cotton for several days.
The sales price of local lint cotton has surpassed 29,000 yuan/ton, with the four-grade mainstream price at around 28,700 yuan/ton, and the five-grade at 28,000 yuan/ton—both up by 2,000 yuan/ton compared to a week ago. With rising cotton prices, many cotton companies have large inventories. According to recent surveys, most companies have only sold about 40% of their stock, and they are facing significant financial pressure. Many are struggling with liquidity issues.
Meanwhile, the price of cotton yarn has also surged sharply. The mainstream price for locally available C32s pure cotton yarn has reached 37,000 yuan/ton, an increase of 3,500 yuan/ton from just a week ago. This upward movement is causing both optimism and uncertainty among market players, as they try to navigate the evolving landscape of the cotton industry.
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