Anhui: Market Confidence Has Been Restored, Cotton Yarn Sales Are Rising Steadily.

National cotton market monitoring system Anhui monitoring station news, through the investigation of different scale cotton textile enterprises in Anhui Province, since the early October Sino US trade negotiations achieved substantive results, a series of market reflects the cotton textile business confidence has been restored, the market stabilized better.

It is understood that the direct reflection of the market is reflected in the rise in cotton futures prices and the smooth sales of cotton yarn. Despite the fact that most textile mills are still going to stock up, they dare not raise their prices arbitrarily, but there are still a small number of textile enterprises tentatively raising the sale price of pure cotton yarn, and the price increase is in the range of 100-200 yuan / ton. At present, the sales price of 40 pure cotton yarn is 20600-21900 yuan / ton, and the price of 32 pure cotton yarn is 19600-20500 yuan / ton.

Last week, cotton and cotton yarn futures prices were encouraging, no doubt to encourage cotton mills, a few textile mills quietly increased the purchase of lint, and lint stocks increased significantly. According to a survey of a textile mill, the lint inventory was only 20 days at the end of September, and at the end of October, the stock of lint reached one and a half months. Textile conditions are improving, and some textile mills are considering the gradual recovery of production capacity.