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Cotton price up 200 yuan

Cotton price up 200 yuan

Write: Joh [2011-05-20]
Since policy of buying Xinjiang Cotton allocated with import quota has been executed, the cotton in North Xinjiang market is sold better, not only the spot goods began to sell better, but also grade-2 cotton has a transaction price around 13,700 yuan/ton (public weight settlement, the following is the same, up to Kuitun Station), up 200 300 yuan from the pre-phase.
It is learnt, recently, the mills that come to North Xinjiang for purchasing cotton are suddenly increased, so the ginners there are very busy. Although the sales price has raised 200-300 yuan/ton, but the mills enthusiasm for purchasing cotton is not reduced, for the reasons, there are mainly the following aspects: on one hand, the new cotton will soon come into the market, ginners must sell the cotton out as soon as possible to pay off the bank loans, and to prepare for purchasing the cotton in the new year; on the other hand, after the government has pushed out the policy of buy one present one , the mills has experienced the course from doubt to understanding, and then to acceptance, at present, the enthusiasm of purchase is improved; in addition, the domestic cotton resources are reduced gradually, the mills have to compensate the warehouse storage in consideration of their demands for cotton by themselves, so as to prevent the lack of cotton resources in terms of new and old years integration. According to local people s introduction, the railway transportation is easier to get at present, the transportation fee is around 200 yuan/ton (up to Shandong), calculated according to this, grade-2 cotton will have a price of 14,100 14,135 yuan after being transported to Shandong.