Shandong: Cotton And Yarn Prices Stagnated

Recently, enterprises in Shandong have resumed more than 90%, with almost all of them returning to work. With the increase in the rate of return to work, the price of cotton and yarn has stagnated.

1, cotton prices fell, trading volume. Recently, Zheng cotton fluctuated greatly. After the February 28th stop plate, on March 2-5, the zhengmian interval oscillates and the center of gravity moves slowly upward. After the collapse of Zheng cotton, the quotations have been lowered. As of March 5th, a trader's Xinjiang cotton picking "double 28" basis price quoted at CF2005+340 yuan / ton, mixed with 2.5%, compared with the previous week fell 200 yuan / ton. There are individual traders based on the price of CF2005+200 yuan / ton, compared to the previous week fell nearly 400 yuan / ton.

According to feedback from traders, middlemen and ginning mills, there are few transactions in the near future. In addition to poor transport, another important reason is that cotton prices are unstable and enterprises are afraid to place orders.

2, yarn stagnation and small drop. According to the textile factories in Dezhou and Binzhou, after the Spring Festival, the pure cotton yarn has experienced a wave of rising prices.

For example, as of March 5th, the price of ring spinning C32S in a factory in Binzhou was quoted at 20800 yuan / ton, up 400 yuan / ton compared with the middle of February, but the price of 20800 yuan / ton has lasted for nearly a week, and the price can not get the order at present, so the enterprise intends to reduce the quotation slightly to attract the order.

According to reports, since mid February, the price of pure cotton yarn has increased by 200-400 yuan / ton, and individual combed high count yarn has risen by nearly 1000 yuan / ton, which has stimulated textile enterprises to intensify their resumption of production and production.

At present, the main reason for the stagnation of yarn is the spread of the epidemic around the world, which has caused serious impact on the whole international market, and the prices of global stock market, bulk commodities and precious metals fluctuate greatly. The situation of foreign trade is extremely severe. Textile enterprises are pessimistic and adjust their prices to stockpiles.

To sum up, falling prices and orders cannot keep up with the pressure on the resumed textile enterprises, which will have a negative impact on the capacity recovery. The cotton textile industry capacity will be running at a low level before the overall victory of the epidemic prevention and combat operations is expected.