Domestic Cotton Textile Enterprises Stop Production And Limit Production Increase
Recently, textile consumption has not been improved, and the stock of yarn and cloth has increased.
capital
Tighten up, pressure on enterprises to reduce prices and sales, cotton yarn prices continue to decline; affected by upstream PTA prices, polyester staple fiber prices have dropped significantly.
Textile enterprises started to lower the rate, raw material procurement was weak, and domestic cotton prices fell slightly.
Public data show that this year's cotton harvest is expected nationwide.
cotton
The total output will reach 7 million 380 thousand tons, an increase of 10.9% over the previous year.
According to common sense, cotton harvest is good news for cotton farmers, cotton enterprises and textile enterprises, but in cotton
industry chain
The strong wait-and-see sentiment is permeated.
Due to tight funds and the expected cotton prices will not rise substantially in the near future, enterprises are more cautious when purchasing cotton, and basically buy as much as they want.
When cotton prices are at a high level, some textile enterprises reduce the amount of pure cotton yarn and increase the amount of textile made of polyester cotton and chemical fiber in order to reduce financial pressure.
At present, the sale of polyester cotton has dropped sharply, and some enterprises have serious inventory.
Since October, textile enterprises have gradually increased their losses and ceased production, and the number of enterprises that have stopped production and restricted production has increased.
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