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Domestic Cotton Market Continues To Slump &Nbsp; Textile Enterprises Take The Opportunity To Purchase

2011/4/8 9:15:00 44

Cotton Market Downturn In Textile Enterprises

domestic

Spot market

Continue to slump, buyers and sellers see the post market, some cotton stocks high cotton enterprises appear panic mentality, buyer procurement strength is not high, volume has not increased significantly.

Textile, the majority

Textile enterprises

The price of finished products has been reduced, but sales profits have been compressed.

Imported cotton

China's main port quotas rose by 7 cents, while Australia cotton and Brazil cotton rose 4-5 cents.

Up to now, the signing of the US cotton export has fulfilled the task ahead of schedule.

Recently, cotton traders have been buying back cotton that has been signed but not shipped from the textile mills. The bonded cotton consignment cotton is also flowing to other countries, which may have an impact on the import volume of cotton this year. In addition, this year's cotton sales have basically been sold out, and the number of cotton exports to the port in the latter part of the year is less than expected.

At present, the slightly larger textile enterprises have less than two months' inventory of lint. Considering that there are not many high-grade lint resources this year, textile enterprises with a small part of their capital strength have begun to buy warehouses and cotton on futures and matchmaking to wait for delivery.

At present, the sale of downstream pure cotton yarn, airflow spinning and grey cloth is still at a standstill, and the inventory of finished goods is increasing.

According to the spinning and weaving enterprises in Jiangsu, Shaanxi, Zhejiang and other provinces, the inventory of finished products is mostly over 1 months, of which the price of pure cotton yarn in Jiangsu is 3000 yuan / ton lower than that in the early March, and the price of spinning yarn is 1000 yuan / ton lower than that in the middle of March. After the price reduction, orders are still not many, and some of the tight inventory parts are still cautious in orders, mainly in small batch orders, and some factories in Jiangyin are in arrears with payment in arrears, such as arrears or acceptance of bills of exchange, and some factories are unable to bear the risk of price reduction because of the high price of raw materials in advance.

In the weak spot market of cotton, the confidence of downstream enterprises has been frustrated, yarn and cloth procurement is more cautious, and demand has not really started yet.