Textile Enterprises Procurement Indifference &Nbsp; &Nbsp; Cotton Quotations Fell Sharply, The Transaction Downturn.

Last weekend, Shandong Wei Qiao textile once again lowered the purchase price of lint 500 yuan / ton, a cumulative reduction of 2000 yuan / ton within a week. The spot market saw a strong atmosphere, and cotton merchants lowered their quotations for cotton, but the procurement of textile mills remained unchanged.

　　 Textile mill Inventory continues to backlog, sales of pure cotton yarn are not smooth, polyester cotton yarn sales are relatively good, the wait-and-see mood of the spinning factory continues to increase, and the downstream orders are not optimistic. At the end of the week, most areas in northern China welcomed precipitation, alleviating the drought in some areas, but there were also areas not in the rainfall area. The drought continued. The Yangtze River Basin was affected by drought in Hubei, Anhui and Jiangsu, and cotton could not be transplanted to the field. If cotton could not be transplanted to the field in farming time, it would have an impact on the growth of cotton in the later stage.

Today, China's cotton price refers to (CCIndex328) 25655 yuan / ton, down 421 yuan, 527 cotton to plant average price 23587 yuan / ton, down 566 yuan.

Domestic cotton spot market is still a slump. Textile enterprise procurement Willingness to be indifferent, market transactions continued to slump, lint to the factory quotes fell sharply, textile enterprises still have no obvious intention to replenish the library, some small textile mills extend the holiday time, ease the pressure on starting, the cotton business quotes continue to decline, tears sell cotton, the textile factory wait-and-see sentiment is strong, the entire market into recession.

Except for the price stability of cotton in Australia, the rest Outer cotton China's main port quotations generally fell by more than 1 cents, while E/MOT cotton and Pima cotton fell 3-5 cents in the US. With the gradual decline in the quotations of foreign cotton and the narrowing of the internal and external spreads, the interest of importing enterprises in foreign cotton has increased slightly recently. The main points of purchase are mainly the port consignment cotton and low price varieties. However, at this stage, cotton demand is far from being restored, and it will take time for the market to recover after the crash.