Xingtai: Cotton market is stable and cotton companies are preparing in advance
In 2021, the cotton market will recover well after the epidemic, and the current market is relatively stable and at a high level. When the acquisition of seed cotton comes, cotton enterprises in Xingtai, Hebei Province began to prepare funds and make various preliminary preparations.
The overall cotton market trend this year is better. First of all, the Zheng cotton futures market is rising. Zhengzhou cotton futures have moved higher since March, with the main contract reaching a maximum of 18,505 yuan/ton and currently stable at around 17,400 yuan/ton. The cotton market is generally stable. However, with the recent decline in futures prices, local spot transactions are relatively light. Textile companies still mainly purchase cotton reserves. Cotton companies hope that the market will transition smoothly between the old and new years.
It is understood that the real estate cotton resources of a local cotton company have basically been sold out. At present, the company is mainly focusing on cotton management in the new year. On the one hand, it continues to strengthen ties with cotton farmers in order to obtain more seed cotton resources. In recent years, with the decline in local cotton planting area, the quantity of seed cotton has been on a downward trend, making acquisition more difficult. Therefore, companies spend more time on resources in the early stages of acquisitions, and may also open scales early to attract cotton farmers to sell; on the other hand, Lint cotton‘s sales have laid a solid foundation. In addition to relying on their own business networks for direct sales, cotton companies will strengthen cooperation with large traders and conduct price point sales in the futures market. The company said that the current electronic market business needs to be strengthened.
AAA
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.
AA
