10000 Tons Of Lint Are Unsalable &Nbsp; More Than 30 Cotton Traders In Jiujiang Lost Nearly 100 Million Yuan.

July 12th, reporter Jiujiang Price The monitoring bureau was informed that there are large and small counties in Pengze County, the largest cotton producing county in Jiujiang. Zha Hua Factory more than 30, since last September, cotton The price is like roller coaster. Ups and downs Cause most Cotton merchant Losses, the average loss per household about 3 million yuan, 10000 tons lint Unsalable, the industry lost nearly 100 million yuan.

According to the analysis of the industry, the main reason for the sudden rise and fall of lint cotton is that when the price of lint rose last year, the cost of downstream textile raw materials increased, and the cotton price fell and then tightened. Textile enterprises, especially small and medium-sized enterprises, were short of funds, which directly inhibited the demand for downstream links.

In addition, some information on the Internet misled many cotton traders. The price of lint on some trading websites reached 34000 yuan / ton, while the actual transaction price was only 32000 yuan / ton, causing cotton traders to buy cotton seeds at a high price, and suddenly falling prices after processing.