Hubei Jingzhou Cotton Prices Steadily Down &Nbsp; Cotton Enterprises Shipments Have Difficulties

Recently,

Recently, the reason why the local cotton seed purchase market has almost stagnated is due to the recent decline in cotton futures prices at home and abroad, which has led to a gradual decline in the spot price of lint and the breeding of the pessimistic mentality of the market, resulting in the majority of cotton enterprises having to wait and see. Two, the cotton farmers who have stored their own products are not satisfied with the purchase price of seed cotton, and cotton growers are more reluctant to accept cotton seeds after the recent decline in seed cotton prices.

At present, the local level Four lint price is 28000 yuan / ton, and the price is 500 yuan / ton lower than that in March 28th. Due to the recent two days, cotton futures in Zhengzhou dropped back to 29000 points from the 30000 point, the psychology of local cotton manufacturers is once again being severely tested. In order to avoid the uncertain market risks, most cotton enterprises choose to lower their shipments, so that the price of the lint cotton which has just stopped stabilizing has fallen again. However, most of the cotton enterprises actually have difficulty in sending the goods. At present, the enthusiasm of the cotton enterprises is generally higher, and they actively seek customers from all over the place. Some manufacturers have achieved the goal of shipping as soon as possible. Besides the price cuts, they also carry out the whole process of door-to-door service and batch settlement.

In spite of this, the willingness of textile enterprises to purchase is still very low, mainly due to poor yarn delivery and slow return of funds. Most spinning enterprises are unable to increase supply and expand production.

According to a local cotton business person in charge told the author, nearly half a month later their lint was not shipped, and last week even the phone asking price is not seen, now the price is going down again, his heart began to worry, similar to their factories in the situation is more common, the current market makes many local cotton enterprises shipments will improve significantly, but the market demand has never been able to come up, the final deal is very few.

It is understood that the local cotton spot market atmosphere almost fell to the freezing point, lack of orders, yarn delivery difficulties, small and medium-sized textile enterprises began to face the problem of survival, procurement of lint is simply not mentioned.