The end of August is about to end, the new cotton in various places continue to spit, the cotton farmers gradually picking, the ginning factory in the Heze Yucheng area of ​​Shandong has few scales to open, the market is still active.

The investigation was informed that some local cotton vendors have started to buy, the purchase price of 2.90 yuan / kg, mainly sent to small factories to process cotton quilts. Due to the uneven quality of the new cotton in the early stage, and the water is too large, the local ginning factory is not willing to open the scale. Some manufacturers currently only purchase a small amount of Chen seed cotton, and the purchase price is 3.00 yuan/kg. Manufacturers reflect that the main reason for not rushing to open the scale is that the lint market is not good and shipping is difficult.

Due to the current supply of lint in the market, the reserve price of reserve cotton leads the market. The futures market is at a low level. Zheng Cotton's main CF2001 contract is adjusted between 12435-12560 yuan/ton on August 30. The Sino-US trade war has escalated again, the downstream textile industry is in dire straits, the yarn market is not good, and manufacturers are not willing to purchase lint. Under the drag of many negative factors, the lint spot market has not been able to support it. In the past years, the rise and fall of lint prices in the new and old stages has ceased to exist, and most regions have weakened down, hitting the ginning factory's confidence in entering the market.

Cotton farmers report that this year's cotton growth is still acceptable. The previous drought and the typhoon in the previous period have little effect on the overall growth of cotton. The cotton yield is 500-600 kg. At this time, at the same time, the number of cotton merchants purchased by the door was high. This year, the door is very good. In addition, the current picking volume is not large, the price is not clear, and it is not eager to sell. Most cotton farmers still hope to sell a good price.

The manufacturers are not eager to open the scales, and the cotton farmers are not eager to sell. The phenomenon of “buy and sell two without urgency” has become a major feature of the new flower listing this year. It is expected that there will be a small amount of cotton purchases in the middle and late September, but it will take time for the new cotton to be listed.

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