Cotton Spot Price Rises With The Pressure Of Textile Enterprises

According to the feedback of cotton textile enterprises in Hubei, Anhui, Jiangsu and other places, the phenomenon of production restriction and production reduction and production reduction of downstream weaving factories and garment factories has not improved since the first ten days of July. There are not a few small and medium-sized textile factories in coastal areas have reduced their production by more than 30%, and the stock of yarn, grey cloth, fabric and other raw materials has continued to decline.

A textile enterprise in Jiangsu said that at present, the enterprise is in a difficult state of "raw material top, terminal pressure". Recently, with the panel price of Zhengzhou cotton CF2009 contract reaching 11500 yuan / ton, 11800 yuan / ton and 12000 yuan / ton, both the basis quotation and the buy it now price of cotton spot have risen rapidly, and the raw material cost pressure of cotton mills has increased sharply. Moreover, due to the closing of domestic sales orders from July to August, the recovery progress of foreign trade export is only 30-40%, so the cotton yarn inquiry and transaction power is insufficient. In order to speed up the de stocking and reduce the cash flow pressure of enterprises, some cotton mills and traders have to adopt the strategy of "reducing price and exchanging volume".

According to the survey, from July 6 to July 7, the quotation of 31 grade "double 28" Xinjiang machine picked cotton was about 12050-12150 yuan / ton (the delivery fee was borne by the seller, the same below); the quotation of 12200-12300 yuan / ton was quoted for 31 grade "double 29" Xinjiang machine picked cotton, which was nearly 1000 yuan / ton inversely linked to the 3128 price of Xinjiang cotton.

The person in charge of a 60000 spindle mill in Tai'an thinks that at present, the leading products of most domestic mills are c21-c40s yarn and OE yarn, and 40s and above combed and combed yarn are basically produced on demand, and the inventory is reduced as much as possible. Therefore, there are few inquiries about Xinjiang cotton with high quality and high water content such as grade 21 or grade 11 "double 29 / double 30".