Hebei Gucheng Cotton Enterprises To Actively Store &Nbsp; Seed Cotton Prices Slightly Lower
At present, Hebei Province
Gucheng County
The picking work of seed cotton is basically over, and not picked is just a few sporadic flowers on top of the cotton plant. The cotton grower introduced about 400 Jin per mu.
Because of the lint spot market
Sale
Weak, and the current storage space is large, so local cotton enterprises have been actively buying seed cotton.
In November 14th, the local 4 grade seed cotton percentage was 38%.
Purchasing price
For 3.95 yuan / Jin, the purchase price of seed cotton with 37% lint percentage is 3.85 yuan / Jin, which is 0.05 yuan / kg lower than that of 12 days, and the daily purchase quantity remains at 80 thousand kg.
According to cotton enterprises, the slight decrease in seed cotton prices is mainly due to the drop in the sales price of cottonseed. Due to the decline in domestic and foreign futures prices, the cotton by-products market has been slack, and cottonseed oil prices have ceased to buy. Cottonseed prices have continued to fall. Cotton seed quotes 0.93 yuan per day, down 0.03 yuan / Jin compared with 11 days.
If we calculate the processing cost of 500 yuan / ton according to the 2% loss, the production cost of grade 4 lint is 18352 yuan / ton.
Profit space
。
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