Hebei Cotton Yarn Market Improved Cotton Spot Quotation Stability

In recent years, the market of cotton yarn in Hebei has improved, and the shipment speed has been accelerated. Some textile companies even raise prices slightly.

The spot market of cotton remained stable, and the textile enterprises had tight funds and continued to buy small quantities.

At present, a survey of textile enterprises has found that cotton yarn has basically no inventory, and the price of cotton yarn remains stable.

It is reported that the main reason for the improvement of sales of enterprises is that the demand for cotton yarn is coming, the demand for replenishment is stimulated, and the demand for regular cotton yarn is better. In addition, the implementation of the tax reduction policy after April 1st will be conducive to the sale of cotton yarn in textile mills. Therefore, enterprises expect the market to run smoothly and gradually warmer.

Cotton spot market remained stable, Xinjiang cotton grade 2129 strong stronger cotton price quoted at 15900-16000 yuan / ton (public weight, self mention, with tickets), strong slightly worse bid at 15700-15800 yuan / ton; 3128 level quotation in 15500-15900 yuan / ton, much more than the same period last week, the price remained strong.

At present, the import cotton trade in the port is also more active. The price of Australian cotton is RMB 16900-17200 yuan / ton, and Brazil and West Africa are 15700-16300 yuan / ton, and the market keeps a stable trend.

As of March 22nd, Zheng cotton warehouse receipt 17137, an increase of 61 compared with the previous trading day.

In the near future, Zheng cotton futures market has been sorted and sorted out, and enterprises with stock in Xinjiang continue to hedge their futures market.

With the passage of time, the pressure on stock capital of enterprises has increased. Therefore, some enterprises have reduced the actual paction price of cotton in order to return mortgage loans.