Anhui Anqing: Cotton Yarn Inventory Increased By 50%, Textile Enterprises Slightly Ahead Of The Holiday.

Near the Spring Festival, some small textile factories in Anhui province are the main task of returning funds. In order to cope with the large demand for funds before the festival, yarn prices continue to fall, and the price of pure cotton S40 combs has dropped to 23300-23400 yuan / ton, down 200-300 yuan / ton from last month. Some cotton mills are reluctant to slash prices, and the stock of cotton yarn is increasing. The stock of cotton yarn in many factories has increased by 50% compared with last month.

Due to the unsatisfactory sales price of cotton yarn, the profit margins have been squeezed and the capital turnover pressure has been brought into effect. Some textile factories in Anhui have started the Spring Festival holiday, and a small textile mill in Anqing county has officially held the Spring Festival holiday in January 21st. It is understood that this year, in addition to the national textile mills still perform the national statutory holiday time, many private textile mills leave time ahead of last year 4-6 days. However, due to the fear of the loss of skilled workers, the working hours of large and small textile mills are basically consistent with those of last year.