Willingness To Buy Lint Cotton, Low Yarn Price Drop, Reserve Cotton Auction Positive

In May, Henan Nanyang textile enterprise sales changed to the previous active situation, orders fell one after another, cotton yarn inventory increased, market orders significantly dropped, prices also declined.

At present, the 10 quotations for air spinning are reduced from 16000 yuan / ton to 15800 yuan / ton, 16 from 16500 yuan / ton to 16100 yuan / ton, 21 price of cotton combed yarn reduced from 23000 yuan / ton to 22500 yuan / ton, 32 of cotton combed cotton yarn decreased from 24000 yuan / ton to 32 yuan / ton, and the general combs were reduced from yuan / ton to Yuan Yuan ton.

Although combed yarns are still being purchased by merchants, quantities and prices have also declined significantly.

From the market quotation, combed yarn 21 quotes 24000 yuan / ton, 32 quotes 25000 yuan / ton, 40 quotations 26000 yuan / ton, the current merchants are only small quantities of orders, and there is one month's account.

Because of the lack of market purchase, most spinning enterprises have stopped spinning, turning to the production of yarn in combed type, resulting in high price yarn being only quoted, not sold, and the price is basically stable.

With the start of auction of cotton reserves, Nanyang textile enterprises turned to concern about the situation of cotton reserves, and reduced the spot purchase plan, resulting in a cold deal in the spot market in Nanyang.

Many spinning enterprises are mainly selling 21 cotton, 32, 40 and combed cotton 21, 32, 40 branches. The reserve cotton can basically meet the production demand, and the price is lower than the price of new cotton. In order to reduce the cost, it is more willing to purchase cotton reserves instead of spot cotton production and increase the cold spot of lint.

At present, the purchasing methods of textile enterprises are relatively flexible, and they can participate in auction by themselves or from the hands of traders. Small textile enterprises are basically purchased from traders, so that the current cotton turnover is more active and prices are rising steadily.