The Spot Price Of Cotton Steadily Fell Slightly &Nbsp; Textile Mills Were Not In A Hurry To Replenishment.
25 days, domestic
cotton
Spot prices have stabilized slightly, cotton enterprises no longer panic, textile enterprise procurement enthusiasm has picked up, especially high grade.
lint
Enquiries began to increase, prompting Xinjiang cotton prices gradually stabilized, but because of the pressure on cotton yarn inventory, the overall weakness of the market has not been changed, relatively weak financial strength of small and medium sized textile enterprises price promotions are not few, short term lint demand is difficult to release significantly, or will keep the spot market to maintain a weak stalemate situation.
The situation of textile mills is still not improving. Most of the enterprises are picking up the cotton and purchasing the cotton.
Stock
In the case of zero but no orders, there is no rush to replenish the lint inventory. The purchasing attitude is negative for nearly two days, and the fluctuation of RMB frequently hits a new high again, which has also worried the textile mills.
Cotton business quotes continued to decline, mostly low grade cotton, high grade cotton still strong quotes, cotton traders for the market outlook bullish mentality further loosening, although cotton shipments will not be reduced, reluctantly spinning enterprises do not want to take over, spot trading suffered spring cold.
Today, China's cotton price refers to (CCIndex328) 30542 yuan / ton, down 5 yuan, 527 cotton to plant average price 27578 yuan / ton, down 2 yuan.
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