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    Textile Mills Stop Buying And Increase &Nbsp; Interest Shifts To Outer Cotton.

    2011/7/14 14:26:00 32

    Textile Mills Stop Buying Cotton

    This week, the electronic disk has been close to the limit for two consecutive days, a large scale in Shandong.

    Spin

    The factory frequently and greatly reduces the quoted price, causes the peripheral market quotation to be low.

    The cease-standing textile team is constantly enlarged.

    China today

    cotton

    Price index (CC Index328) 22575 yuan / ton, down 281 yuan compared with yesterday, 229 level 24865 yuan / ton, down 293 yuan, 527 level 20397 yuan / ton, down 278 yuan.


    As prices continued to fall, most textile mills stopped buying yesterday, and the market was in a state of no market price.

    At the same time, textile mills' interest in foreign cotton is growing.

    It is reported that the new cotton has not yet arrived in Hong Kong, but the price has been significantly lower than domestic.

    In July 12th, the new flower index of Cotlook A was 125.05 cents / pound, and the 1% tariff discount was RMB 21030 yuan / ton, which was lower than the Chinese cotton price index of 1545 yuan on the same day.

    And the textile factory reflects that India's new flower is 118-123 cents / pound.

    The price advantage of cotton in the new year tends to appear.


    Recently, the sale of cotton yarn in textile mills has become hot. Some cotton mills are selling cotton with a discount price of less than 21000 yuan per ton.

    capital

    Survival has become the consensus of many textile mills.

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