Jiangsu Xinghua Cotton Spot Market Traded Light Textile Products Unsalable

Judging from the current performance of the local spot market, cotton sales are insipid, textile enterprises' purchasing intention is not strong, and the difficulty of sales of cotton enterprises is increasing. Especially after the central bank will raise the benchmark interest rate of RMB loans and loans again in April 25th, the pressure of repayment of cotton enterprises will further aggravate, so the current shipments will be enhanced.

It is also understood that the textile enterprises have a large number of finished products, and the price of yarn is much more than that of the paction. The price has no market characteristics. It is very difficult for the funds to return, and the purchasing strength of raw materials is weak. The pessimism of textile enterprises is increasing, which aggravates the wait-and-see psychology of the cotton market.

As part of the funds used by cotton enterprises for production and operation are generally derived from commercial banks and private lending, the cost of lint is increasing day by day, so they will not sell in order to cater for textile enterprises.

It is understood that the actual price of the local 2 grade lint is 14100 yuan / ton (net weight, cash settlement, with the same ticket), 3 level price is 13800 yuan / ton, 4 level price is 13100 yuan / ton, 5 level price 12300 yuan / ton.