Cotton Yarn Has Plummeted After Soaring.

Reporters came to Jiangbei, Ningbo. East Zhejiang Textile City ( The original East Zhejiang cotton yarn market is visiting, the largest in Zhejiang. Cotton yarn Market Most of the operators complained about the great fluctuation of cotton prices.

　 Cotton prices follow cotton plummeting

After the triumphant advance in September and October this year, the price of domestic cotton has been sharply adjusted. The cotton index has dropped from 33692 yuan / ton in the early November to 24163 yuan / ton at the lowest level in November 29th, with a drop of nearly 28%.

Cotton prices are so deep that cotton yarn is also hard to get rid of.

"The price of cotton yarn has dropped a lot recently." Lv Chun, general manager of Zhedong Textile City, told the evening news reporter.

Lv Chun's survey of the market shows that the selling price of good quality combed yarn has dropped from 40 thousand yuan per ton to 30 thousand yuan per ton. Among them, the 21 price of combed yarn is 38 thousand and 500 yuan / ton now, and in early days, its price is 44 thousand yuan / ton. The drop is as high as 12.5%. Lv Chun said.

"Cotton prices have nearly doubled in recent months, and then dropped by more than ten percent. So overall, it has gone up a lot. "

　 　 Cotton yarn Trading Extremely dull

Since the price of cotton yarn has increased so much, cotton yarn operators are certainly delighted. Many people in the industry take this for granted.

However, this is not the case with reporters.

The reporter interviewed more than 3 o'clock in the afternoon, however, most of the cotton yarn operators here have been closed.

On the two floor of the market, it was hard for journalists to meet a cotton yarn management unit still in business, and the owner of the cotton shop seemed very idle. Reporters learned that this unit is Dongguang County Li Ke Textile Co., Ltd. Ningbo office, is the factory stationed in Ningbo.

"These days are really very empty. Our business is pretty good, but we can't get two tons of cotton yarn in one day." Liu Wende, manager of the office, sighed to reporters.

In the last month or so, Liu Wende experienced two days of ice and fire.

According to Liu recalls, during the time around October this year, the cotton yarn of their company suddenly became a hot commodity, and how much of it was shipped from the factory, "for a time, I got 20 tons a day and was robbed immediately." In the past, some picky customers did not even ask the quality of cotton yarn at that time.

The cotton trade has fallen from a sudden rush to a very low level. The old manager of Zhedong Textile City has also felt a lot. "During the time before and after October, our cotton warehouse managers were too busy to go to the toilet to find time, but now they seldom see people."

Buy or not buy, house is like this, so is cotton yarn.

"A month ago, with the price of cotton yarn soaring, cotton yarn trading volume also increased sharply, and the daily turnover of the whole market reached 200 tons. But in recent years, as cotton prices plummeted, turnover has also shrunk dramatically.

Lv Chun revealed that another consequence of the slump in cotton prices was a surge in cotton yarn inventories.

"In previous years, cotton yarn inventory is generally around 1500 tons. This year, it has reached about 2000 tons. Lv Chun believes that the recent increase in market cotton yarn inventories, first because the recent cotton yarn transactions fell into a slack, the two is due to the early surge in prices when some households did not correctly judge the situation, deliberately hoarding goods were trapped.

In the interview, the reporter noted that when the price of cotton yarn increased in the earlier period, many knitted garment enterprises in Ningbo worried about the further rise of cotton yarn, and adopted the strategy of purchasing cotton yarn ahead of time. This resulted in a large number of cotton yarn stocks in the factories of many knitted garment enterprises, which could fully meet the production needs of enterprises in recent months, and no longer needed to purchase cotton yarn in the near future. The recent deep callback of cotton and cotton yarns has also led many related households to take a wait-and-see attitude.

"Buy up but not buy." The house is like this, so is cotton yarn. Lv Chun said.

　 Operator's hope

During the interview, Ms. Lin, Weiyuan's cotton yarn trader, lamented.

Ms. Lin told reporters that cotton prices began to fall after mid November, and Cotton Traders encountered a lot of trouble. "Some customers who paid the advance payment in advance said they wanted to order cotton yarn. When we came in from the factory, they said they would not order." Ms. Lin pointed out that the reasons for these clients' breach of contracts are generally "reasons for the change of enterprise orders". But in fact, no matter who knows, the main reason for the customer's breach of contract is that the price of cotton yarn has dropped a lot. And when we do small businesses and do not want to lose customers, we can only lose ourselves. "

Ms. Lin told reporters that trading companies usually purchase goods from upstream according to the order quantity of customers. When the cotton prices in the early stages of cotton rose sharply, they did not dare to buy cotton yarn in large quantities, as did many of the households in the market. Therefore, they did not earn money due to soaring cotton prices. The recent drop in prices has brought a lot of losses to the company. "How I wish cotton yarn prices could return smoothly. But now it seems that it is impossible in the near future.

"We have not heard of anyone making a fortune for hoarding cotton yarn. I heard that someone had gotten in too much, and they got caught. " Everyone in the market says this.

　 Cotton yarn prices will still fall.

After a long time of deep fall, what will be the next trend of cotton yarn prices? In a press interview, it is found that the price of cotton yarn is still widely seen in the industry.

"Early turnover is too large, and related factory goods go too far, plus December will soon welcome the cotton yarn trading in the off-season. Under such circumstances, it is almost impossible for cotton yarn prices to rise in the short term. " Many people in the East Zhejiang Textile City said.

"I expect cotton prices to be callback, probably until next spring festival." Liu Wende said with a bitter smile.