After the Spring Festival holiday, domestic and foreign cotton prices continued to rise, which brought confidence to industry insiders. After the start of construction, the ginning plant in Juye District, Heze, Shandong continued to increase prices to purchase seed cotton, and the market was more active.

At present, some domestic quotation areas have raised the price of lint. Among them, the three-grade lint prices in the mainland have increased by 800-900 yuan/ton compared with the pre-holiday price, and the three-grade lint in Xinjiang has increased by about 700 yuan/ton.

It is understood that the Heze area of ​​Shandong was closed for holidays at the end of January, and the stocks of seed cotton and lint were insufficient. In previous years, it would normally be purchased after the Lantern Festival (the fifteenth of the first month). However, the local ginner saw a surge in Zheng cotton futures. , The confidence in entering the market increased greatly. Some ginning factories started to purchase seed cotton on February 22 (first month eleven). The initial purchase price of seed cotton was 3.95 yuan/kg (cloth 40%, moisture below 18%), an increase of 0.10 compared to before the holiday. Yuan/jin, because most cotton farmers are still immersed in the Spring Festival atmosphere, so the purchase amount is not large. Driven by the continuous rise of Zheng Cotton Futures, enterprises in order to increase purchases and encourage cotton farmers to actively sell seed cotton, the purchase price of seed cotton was raised again to 4.05 yuan/kg on February 23, an increase of 0.10 yuan/kg from yesterday and a cumulative increase of 0.20 from before the holiday. Yuan/jin.

At present, cotton futures and spot prices continue to rise, and there is still room for seed cotton prices to rise in the short term. Because the purchase of seed cotton is difficult to increase, the ginning factory has not yet started, and the downstream textile mills have less inquiries. The ginning factory does not offer lint cotton temporarily. The local cotton market will not be active until the 15th of the first month.