Jiangsu Lint Prices Continue To Rise, Cotton Textile Enterprises To Purchase Outside

Recently, due to the tight resources of high-grade lint and the increasing cost of lint cotton, the price of lint sale in Dafeng, Jiangsu has been rising. Some cotton spinning enterprises have been shopping for lint outside the province.

It is understood that the local type 400 enterprises processing cotton linen are mostly used for storage, lint inventory is mainly concentrated in 200 enterprises, and the stock is limited.

In March 26th, local 328 grade lint sale quotations were above 12000 yuan / ton (to factories, public inspection, tickets, cash around 80%).

At present, the low grade 3 lint purchased from the old customers in Hebei and Shandong to the factory price is about 11500 yuan / ton (60% cash). Although it is required to pay the balance after the public inspection, the settlement elasticity is relatively large, and the general balance is paid in 2 months.

It is understood that at present, local textile enterprises and cotton enterprises are attracted by low-priced lint from other provinces, and have been going to other provinces to purchase. Among them, there are few cotton lint stocks in textile enterprises at present. Although the business situation is still not good, they are actively purchasing for production. Cotton enterprises mainly aim at selling at local price to earn the price difference.

Editor in chief: Xu Qiyun