Near The End Of The Month, Jiangxi Pengze Lint Deal Volume.

At the end of the month, some of the 400 type enterprises in Pengze, Jiangxi, were forced to sell cotton linen at the price of 500-800 yuan / ton below the market pressure due to the pressure from banks to repay loans. In March 29th, the 3 level lint sale price was 29500 yuan / ton (with tickets, net weight, cash, the same below), and the 4 level paction price was 28500 yuan / ton.

It is understood that in 2011, the overall quality of the mainland cotton in the past year deviate from the previous years. The proportion of cotton in the 4 and 5 grades is large, and the standard level is less than 15%. Many textile enterprises go to Xinjiang to purchase, because the pportation is more difficult, and the 3 grade cotton to the factory price is around 30000 yuan / ton, so the local 3 grade cotton is still strong in this round of price reduction, but the number of inquiry buying enterprises is more.