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Recently, domestic cotton prices have declined. As of the 26th, the price of seed cotton in Aksu and Kashgar fell to 7.0-7.2 yuan/kg, down 0.10 yuan/kg from last Friday (21st). Since the scale has been opened, Xinjiang cotton has experienced a “roller coaster†market, and cotton prices have risen and then fell, with a total decline of 0.50-1.00 yuan/kg. Mainland cotton stagnation has not stopped. According to feedback from enterprises in Shandong and Hebei, the recent purchase price of seed cotton is 7.35-7.55 yuan/kg, which is about 0.05 yuan/kg from last Friday (21st).
"Although many cotton farmers continue to price, the ginning factory does not accept." On the 26th, a cotton farmer in Shandong reported that this may be due to the lower price of lint spot. Up to now, the price of cotton picking in the 3128 level of the Xinjiang Supervisory Warehouse has been 16,000 yuan/ton, which is 200-300 yuan/ton lower than that of last Friday. The spot price of the 3128 level in the Yellow River Basin in the Mainland is 15000-15500 yuan/ton, down 100-200. Yuan / ton.
Judging from the attitude of textile enterprises, the price of lint fell, which gave the company more advantages than disadvantages. However, due to the difficulty in selling cotton yarn and the drop in raw material prices, some textile enterprises were even more headaches. On the 26th, a person in charge of a textile enterprise in Binzhou, Shandong Province said that some of their factories produced conventional C32S and C40S, which were recently sold. In order to withdraw funds from stocks, their factory has been seeking to quickly reduce inventory and reduce pressure, and today lowered the price of conventional yarns. Among them, the price of C32S is 21,000 yuan/ton, and the price of C40S is 23300 yuan/ton, both of which are lowered by 200 yuan/ton.
In addition, according to many textile enterprises in Hebei and Shandong, the recent air-spinning 10S, 12S and combed 21S, 32S, 40S transactions are relatively light, and manufacturers' profits are relatively thin. Talking about why the cotton yarn still weakened during the “Golden Ten†period, the person in charge of a textile enterprise said that some enterprises have maintained relatively stable production and sales due to the support of the previous orders, but their confidence in the market outlook is still insufficient. Most weaving mills have a poor feedback, and although the price has not changed much, orders and sales have shrunk. The old customers of the downstream are extremely cautious in ordering, just need to get the goods, the weaving enterprises basically have no big orders, and the price of the upstream raw materials is affected, and the weaving factory orders of the large order customers are also very cautious and hesitant. At present, most companies adopt limited production and price-based sales to digest inventories, and only chemical fiber fabrics are sold.
At present, most textile companies are optimistic about this year's market. Many market participants believe that if the price of upstream raw materials continues to fall, it is not only a good thing, it is likely to continue to drag down the price of cotton yarn.
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