Cotton linter market is covered with wait-and-see stance

Seed cotton procurement has started since the end of Aug and the price remains high due to production cut of cotton this year. Hand-picked seed cotton with ginning yield of 40% is mainly at 10-10.5yuan/kg in south Xinjiang, which is much higher than that of last year at 6.4yuan/kg. The harvesting of seed cotton is postponed this year and the arrival of new cottonseed and cotton linter is also later than that of prior years. Since the supply of cottonseed is increasing, the price has declined somehow. Cotton linter market is covered with wait-and-see stance and new linters are expected to arrive intensively after mid-to-late Oct.