Cotton Textile Enterprises Encounter Export Difficulties

Today, spot prices in some areas are basically stable, but some factories that are anxious to repay loans and some small factories are still selling at reduced prices. According to information feedback, the number of high-grade cotton in textile mill is not large, but no one is willing to do so at this time. Purchasing cotton There are more and more people who want to sell cotton on the spot. It seems that cotton has poured into the market overnight.

There has been no progress in spot trading. Cotton enterprises Most of them do not offer, and the textile mills waiting for the purchase will knock the price. But now they prefer to buy cheap chemical fibers, and are unwilling to purchase cotton at all. Therefore, the price is even lower, and the cotton enterprises can only hope for cotton. Today, China's cotton price refers to (CCIndex328) 24606 yuan / ton, down 64 yuan, 527 cotton to plant average price 22717 yuan / ton, down 11 yuan.

Under the background of tightening state bank loans, cotton textile enterprises are facing more and more serious capital exhaustion due to their difficulties in export. Under the constraint of poor downstream sales, spot prices of domestic cotton market continue to go down, and the rapid decline of cotton prices makes the spot market outlook strong, and the transaction is sluggish.

At present, some cotton farmers and cotton traders in China do not sell cotton, which accounts for about 30% of the total cotton. Most cotton farmers are waiting for cotton prices to stabilize.

The price of most imported cotton in China increased by 500-600 yuan / ton. It is understood that the floods in the US Delta and the drought in Texas have attracted the attention of the industry. So far, the impact of bad weather on cotton production in the United States is not clear. In consideration of ICE cotton In the early days of futures prices, many speculators began to use this message to participate in anti smoking. However, the recent rise in several trading days has not yet changed the downward trend of ICE cotton futures, and the current international spot market is slack, and cotton prices still need to be watched cautiously.