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Textile Enterprises Procurement Intention Cold &Nbsp; Cotton Quotes Fell Sharply

2011/5/10 10:43:00 59

Textile Enterprises Purchase Cotton Quotes

Shandong Wei bridge in from May 7th to 8th

Spin

Once again, the purchase price of lint is reduced by 500 yuan / ton, and the total price reduction is 2000 yuan / ton within a week.

In the spot market, we can see that the atmosphere is strong, and cotton producers have lowered the price of cotton, but the textile mill has not been able to quote the price.

Purchase

Still not moving.

Textile mill

Stock

Continued backlog, sale of pure cotton yarn is not smooth, polyester cotton yarn sales are relatively good, the wait-and-see mood of the spinning factory continues to increase, and the downstream orders are not optimistic.

At the end of the week, most of the northern part of the country ushered in precipitation, alleviating the drought in some areas, but there were also areas not in the rainfall area. The drought continued. The Yangtze River Basin was affected by drought in Hubei, Anhui and Jiangsu. Cotton could not be pplanted to the fields.

cotton

Growth will be affected.

In May 10th, China's cotton price was (CCIndex328) 25655 yuan / ton, down 421 yuan, and the average price of 527 grade cotton to plant was 23587 yuan / ton, or 566 yuan.

Domestic cotton spot

market

It is still a languid pattern. The purchasing intention of textile enterprises is indifferent, the market paction continues to slump, the price of lint to the factory has dropped sharply, the textile enterprises still have no obvious intention to replenish the library, some small textile mills extend the vacation time, ease the pressure of starting up, the price of the cotton textile enterprises continues to decline, and sell the cotton with tears, the textile factory waits for a strong feeling, and the whole market goes into a depression.

In addition to the price stability of cotton in Australia, the price of the main Chinese ports in other cotton shops generally declined by more than 1 cents, while E/MOT cotton and Pima cotton fell 3-5 cents in the US.

With the gradual decline in the quotations of foreign cotton and the narrowing of the internal and external spreads, the interest of importing enterprises in foreign cotton has increased slightly recently. The main points of purchase are mainly the port consignment cotton and low price varieties.

However, at this stage, cotton demand is far from being restored, and it will take time for the market to recover after the crash.