Seed cotton is arriving slowly this year and there is less procurement by ginners

Seed cotton is arriving slowly this year and there is less procurement by ginners since cotton grower become reluctant sellers and there is impact of the COVID-19. Cottonseed price has fallen after the National Day holiday, but still hovering at high level in general. Cottonseed delivered to Shandong, Hebei and Xinjiang-based cottonseed oil and delinting plants is limited, so the volume of new cotton linter is not large. Moreover, cotton linter is difficult to be transported outside Xinjiang due to the COVID-19 epidemic, so prices are mainly stable after the holiday and offers are partially increasing. Now cotton linter for industry-grade and food-grade refined cotton is respectively at 4,100-4,200yuan/mt and 4,400yuan/mt outside Xinjiang