Hubei Cotton Spot Trading Stalled &Nbsp; Drought Threatens New Cotton Planting
Hubei Province before and after May 1
Cotton market
Buying and selling is at a standstill.
Cotton mill
There are not many enquiries, most of them are processed and circulated.
enterprise
The real estate cotton is also not quoted. Only some of Xinjiang cotton that has moved to the mainland is still available.
offer
and
Deal
。
In May 4th, on the market in Wuhan, the 1, 2, and 3 grades of cotton warehouse at the first agricultural division were 30000 yuan / ton, 29600 yuan / ton and 29200 yuan / ton respectively, which were higher than 500 yuan / ton in the warehouse of Xinjiang local cotton enterprises, and the price of 4 grade real estate cotton generally dropped below 26000 yuan / ton.
A local cotton company with nearly 1500 tons of cotton reserves has said that if the price is 26000 yuan / ton, at least 2000 yuan per ton of lint will be lost, while cotton spinning enterprises still do not buy the goods, and the purchasing enthusiasm is low.
Some cotton storage enterprises believe that the supply and demand gap of cotton in 2010 will be fully reflected in 6 and July, and the limited growth area and drought changing weather will have a greater impact on cotton prices. The opportunity to return to 30000 yuan / ton of electronic disk and spot prices will gradually appear.
It is understood that since November 2010, the precipitation in the middle and lower reaches of the Yangtze River has been decreasing. Most of Hubei's precipitation is 50% less than that of the same period of the year, and the northern region is six to 80%. Serious drought has occurred in winter and spring. The drought farmland reaches 6 million 700 thousand mu, and at least 850 thousand mu of cotton in Jingzhou, Xiantao and surrounding areas of Wuhan can not be pplanted.
According to industry analysis, if there is no significant rainfall in the short term, most cotton areas in Hubei will be forced to plant "early maturing" varieties, which will have an impact on lint yield and quality control.
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