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Sales Are Cold, Cotton Market Is Low, And Ginning Mills Are Facing Difficulties.
Recently, through the understanding of some ginning plants in the territory, the rate of return to work is very low at present. The reprocessing plants still have seed cotton and have not been processed yet, and before the Spring Festival, employees do not have a vacation to return home, and remain in the factory area, so they can still work in small quantities.
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Most other ginning plants have plans to return to work in mid 3 or mid April, and even if they return to work, employees will not be able to get to work immediately. In the process of communication, the decline in downstream demand leads to a shortage of spot purchases, a long downtime, and a rising cost of operation.
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In addition, the shortage of protective materials, difficulties in funds, pressure on inventory, and handling of government approvals are all problems encountered by enterprises in recent years. Most enterprises also call for the implementation of a series of support policies to increase credit funds and simplify administrative examination and approval for enterprises, so as to help enterprises tide over difficulties.
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In terms of sales, the current order of the ginning factory is mainly based on the implementation of the pre contract, while the subsequent orders are not yet. Sales channels are mainly fixed old customers, but because of the low recovery rate in the downstream market, lint prices continue to fall and sales are cold.
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There are ginning factory feedback, the market downturn, the quotation is based on futures prices to decide, although the textile enterprises have the inquiry price, the actual spot order is not.
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