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Henan Nanyang Cotton Market Continued To Slump &Nbsp; Seed Cotton Lint Prices Fell

2011/3/29 9:07:00 59

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Cotton Market Continues To Slump Prices Fall

Recently, Henan

Nanyang

The regional cotton market continued to slump. Both seed cotton prices and lint prices fell, and the overall turnover in the market was very cold.

At present, the purchase price of local cotton seed is 5.9-6.0 yuan / jin (lint 38%), and the price is down 0.1-0.2 yuan / Jin compared with the previous day.

Avoiding market risks

Most of the local cotton enterprises have closed their wait-and-see. Only a few cotton factories are still insisting on the acquisition, but the purchase price is very low, and the quality requirements are very strict.

The local four grade lint price was quoted at 27500 yuan / ton, the price fell 500 yuan / ton compared with the previous day. At present, the local cotton enterprises' willingness to raise prices has obviously weakened, and the shipment intention has been raised earlier than before. However, because of the continuous decline of the cotton yarn prices, the textile enterprises have been difficult to sell, because the cotton yarn prices are still unsalable, and the funds are occupying more seriously, so it is unable to purchase lint. Although some textile enterprises have adopted the way of price reduction promotion, trying to alleviate the increasing stock pressure, but the actual effect is very small, mainly because their wait-and-see attitude in the downstream market has not changed.

Affected by this, most cotton mills for two consecutive weeks have little lint shipments, and some sunrise products are only below 20 tons.

From 25 this month, the central bank began to implement.

Raise the deposit reserve ratio

Under the background of strong domestic inflation expectations, the central bank will probably curb excessive investment by raising interest rates. In the current situation of shipping difficulties and slow return of funds, textile enterprises will further restrict the source of capital and increase the production cost of enterprises. The impact on production and sales of textile enterprises will be more obvious. Therefore, as the downstream textile enterprises of the textile industry can not be followed up for a long time and new orders can not be followed up, it is not easy for the lint price to go strong in the short term. 20%.

According to the director of a local spinning factory, most of the local cotton mills are not optimistic at the moment, and some manufacturers are even at the edge of losses. But he said that the peak season for summer clothing production is coming. This will stimulate the market demand of cotton yarn, and large clothing brands such as Lining and Adidas are also raising the price of products. The estimated increase is between 10%-20%. This will mean that the downstream clothing products are gradually accepting the current high price cotton and cotton yarn, so there is no need to overlook the future market.