Sales Of Hubei Lint Spot Market Improved Slightly.

Recently, the sales situation of Hubei's lint spot market has improved slightly, and turnover has increased. The main reason is that the willingness of reluctant sale of cotton enterprises has weakened, while textile enterprises still use "multiple small purchases".

In April 22nd, the sale price of lint 3 in Hubei was 13700-13800 yuan / ton (net weight, delivery and ticket). The account period was about 30 days.

As the price of Zheng cotton futures and electronic matching continues to decline, and the repayment time of local cotton enterprises is approaching, the pressure of funds is greater. Most cotton enterprises speed up the sale of lint. While textile enterprises are affected by tight funds and sluggish sales of products, raw material procurement is still a small purchase, and there is still a certain demand for accounts.

Insiders expect that the sales pressure of the cotton market in the later stage is still large.