The Price Of Cotton, Cotton Yarn And Cotton Cloth Is Down.

According to the latest report released by China Cotton store 6, as of December 3rd, the national cotton picking progress was 94.7%, down 3.9 percentage points compared with the same period last year, 3.7 percentage points lower than the past 4 years, and the national sales rate was 81.2%, down 6.4 percentage points compared with the same period last year, increasing 2.3 percentage points over the past 4 years.

According to the estimated cotton output of 6 million 360 thousand tons in China, as of December 3rd, the total acquisition of 4 million 893 thousand tons of lint cotton has been reduced by 670 thousand tons over the past four years. The processing of 3 million 619 thousand tons of lint has been reduced by 531 thousand tons over the past four years, and sales of 1 million 5 thousand tons of lint are reduced by 864 thousand tons over the past four years.

At present, the price of cotton spot market has picked up, while yarn price and cloth price are still in the downstream channel.

Specifically, on the 8 day, China's cotton 328 index was 26756 yuan / ton, which has risen 592 yuan / ton compared with the lowest price in December 1st. The reference price of seed cotton purchase is 5.65 yuan / Jin on the 7 day, up 0.18 yuan / Jin compared with the lowest price in November 30th, and the price of cotton seed is 24864 yuan / ton.

The average price of 32 yarn 3 days is 36800 yuan / ton, 5.4% lower than last week; the price index of cotton grey cloth 3 days is 8.9 yuan / meter, 1.33% lower than last week.

In the near future, the sales of yarn and cloth in textile enterprises are slow, the inventory of finished products is increasing gradually, and large and medium-sized enterprises with strong strength can still maintain normal operation. However, some small and medium-sized enterprises have great pressure on capital turnover, so they have to sell at a reduced price.