Tangshan, Hebei: Enterprises continue to wait and see, cottonseed prices rise

It is understood that since the epidemic prevention and control in Tangshan, Hebei, from extending the Spring Festival holiday to implementing a flexible working mode, the normal way of going to work has officially resumed from March 2nd, but the local cotton enterprises are still mostly in the holiday mode.　　Affected by the epidemic, the spot price of cotton futures fell sharply. It is understood that the current price of white cotton grade 3 lint is 13200-13300 yuan/ton, which is 400-500 yuan per ton lower than before the Spring Festival. Cotton enterprises do not accept this price at all, especially when it is still in the epidemic prevention and control period. Choose to wait for the market outlook, or wait until the cotton price rises before choosing to sell.　　 It is also understood that the current cottonseed price is basically unaffected by the epidemic. The cottonseed price is 1.24-1.25 yuan per catty, which is an increase of 0.04-0.05 yuan per catty. ton from the pre-holiday festival. At present, local cotton oil processing enterprises have stopped production, and cottonseed sales have sporadic transactions, mainly from local cattle-raising specialists in small quantities. It is expected that with the gradual resumption of work by downstream processing enterprises, the demand for cottonseed will increase, and the price of cottonseed will be stable and rising in the near future. Article Keywords: 　Cotton