Yancheng: After the Mid-Autumn Festival, there will be no “big moves” in the cotton market in northern Jiangsu
The Mid-Autumn Festival has passed, and the operating conditions of production and textile enterprises in Yancheng Cotton District, Jiangsu Province are relatively stable.
In terms of production, since new cotton has not yet reached the level of large-area cotton spinning, and the area is limited, some cotton companies are focusing on going to large cotton areas such as Xinjiang for research and sample selection. They will mainly rely on new cotton resources around the mainland. Brokers of agricultural products go from village to village to purchase them intensively. Regarding the current local seed cotton purchase price, most companies said it was 4.50-4.80 yuan/jin, but when it came to actually accepting the execution price of seed cotton, most companies said they were not sure yet.
In terms of textiles, because the “Mid-Autumn Festival” and “National Day” are close together, some cotton and textile enterprises in northern Jiangsu plan to only take 3-4 days off during the two festivals. Enterprises with many orders and tight tasks will have less holiday arrangements. Most work in shifts and do not have a holiday during the Mid-Autumn Festival. It is reported that more companies keep the National Day holiday because they have more non-local employees. In addition, some areas are busy with autumn harvest and planting during the National Day. When employees go home, they can help the elderly at home with housework and farm work.
Recently, due to the uncertainty in seed cotton procurement and lint cotton prices, whether seed cotton procurement can open higher and go higher, will it go down? Lint futures and spot prices Whether the trend will suddenly change, many analysts in the industry believe that we will have to wait until at least the “Double Festival” has passed before we can have a rough estimate. Therefore, some textile companies are currently considering arranging production and operations before early October and purchasing to meet the current machine demand. Taiwan’s output is the main one, and the motivation for large-scale purchases is weak; except for the imminent launch of new cotton in Xinjiang, the mainland’s cotton area is small, the season has not yet arrived, and is still in preparation.
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