The Spot Price Of Cotton In Jiangsu Continued To Decline Due To Sluggish Sales Of Yarn Products
Recently, the cotton spot market in Jiangsu province has been depressed by the decline in import cotton prices and the decline in futures prices. In addition, the demand for cotton in textile enterprises has been reduced, which has made the cotton enterprises lose their psychological weight in the province.
It is understood that the current sales of downstream yarn products are sluggish, the overall textile industry is weak, making the cotton market oversupply characteristics are obvious, cotton enterprises generally see the post market. In November 10th, the price of grade 2 lint cotton in Xinghua, Jiangsu was 11600 yuan / ton (with tickets, net weight, cash settlement, the same below), 3 level 11200 yuan / ton, 4 level 10500 yuan / ton, 5 level 9500 yuan / ton, all of which fell by 300 yuan / ton compared with last week. The price of 3 grade lint cotton in Jiangsu Dafeng was 11500 yuan / ton (full ticket, factory inspection, public inspection, cash in cash), which was about $8 yuan / ton lower than last week.
Although the fall in cotton prices can reduce the cost of spinning enterprises, but in the face of a straight decline in cotton prices, textile enterprises dare not rush to purchase. At present, the textile enterprises in the province have compressed raw material inventory to the lowest standard, and even in Xinghua, Jiangsu, there are more small and medium-sized textile enterprises until they have no raw materials to make production, and then they call for cotton enterprises to deliver goods. Industry analysis, downstream demand downturn is difficult to boost cotton spot prices, it is expected that spot prices will remain oscillatory pattern in the short term, do not rule out the possibility of a slight downward.
In November 10th, Shandong seed cotton continued to flow into Jiangsu Dafeng. In November 10th, the delivery price of grade 3 seed cotton was 2.30 yuan / jin (38% above the clothes, and the water was low). The highest purchase price of Dafeng seed cotton was 2.50 yuan / kg, and the highest purchase price of a few enterprises was 2.35 yuan / kg. The price was low, which made cotton farmers' psychological panic. At present, there was less cotton seed. The price of 4 grade cottonseed oil was 6100/ tons, 300 yuan / ton higher than last week, 0.80 yuan per catty cotton seed, 9 yuan higher than 9 days. At present
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