Buying and selling of seed cotton in Anhui Province is still relatively cold

In recent days, the cotton prices in the Anhui state of Bozhou have lowered the purchase price of seed cotton, but the acquisition is difficult to increase. The overall market situation is still in a sluggish state and it will take time to become active.

On October 26th, the purchase price of local cottonseed cottonseed cotton was about 4.15 yuan/jin (38-39% for clothes, 12% water content), which was about 0.15 yuan/kg lower than last week. The daily acquisition volume of cotton enterprises was uneven. In the 8-10 million kilograms, the less in the 2-3 million kilograms; wool cottonseed ex-factory price of 1.18 yuan / kg; 4 lint factory quoted at 18,300 yuan / ton. According to a local cotton company, the local cotton enterprises started to operate in the same period of last year. However, only some of the enterprises opened their doors this year, mainly because of more negative external factors, poor downstream product prices, sluggish demand for lint and tight corporate funds. Last year, the inventory manufacturers suffered serious losses. At present, they are worried and are cautious in entering the market.