Reserve Cotton Wheel Auction Price Fall Again, Spinning Enterprises, Replenishment Storehouse Is Not Active.

Last week (May 2019 27-31) was the 4th week after the central reserve cotton wheel came out in 2019, and China Cotton Reserve Management Co., Ltd. accumulated a total of 49 thousand and 200 tons of cotton reserves, of which 24 thousand and 700 tons of Xinjiang cotton and 24 thousand and 500 tons of real estate cotton.

In the week, the average price of reserve cotton was 12913 yuan / ton, compared with the previous week, the price was 251 yuan / ton, and the standard level (3128B) price was 14218 yuan / ton, compared with the previous week, the price was 241 yuan / ton, and the average price of Xinjiang cotton was 13148 yuan / ton, compared with the previous week, the price was 370 yuan / ton, the average increase price was 541 yuan / ton, the average price increased by 187 yuan / ton compared with the previous week, the average price of real estate cotton was 12603 yuan / ton, the average price was 216 yuan / ton compared with the previous week, the average increase price was 378 yuan / ton, compared with the previous week, the price dropped by 216 yuan / ton; when the week was the highest, the highest paction price was RMB yuan / ton, and the lowest paction price was RMB yuan / ton.

Last week, the trade war between China and the United States continued to release, and domestic yarn prices continued to decline. The loss of textile export orders accelerated, and the inventory of downstream products increased rapidly.

Although the price of cotton has been at a reasonable price, the trade prospect has made the mills lack confidence in the latter part of the year. Under the condition of poor sales prospects, the textile enterprises are still keeping up with the market, and the cotton demand remains weak.