Anhui Cotton Yarn Market Continued Weak Cotton Reserve Auction Compared With July Decreased By 61%

National cotton market monitoring system Anhui monitoring station news, in August, Anhui cotton yarn market continued weak market, most small and medium-sized textile enterprises stop production, limit production lead to decline in raw cotton consumption, participate in bidding for state cotton storage enterprises reduce, national cotton store volume declined sharply.

It is understood that the mainstream cotton comb 40S mainstream offer 20500-21500 yuan / ton, most of the textile business transaction price than the end of last month to cut 400 yuan / ton, the market turnover atmosphere is light. At present, textile mills generally believe that the market is hard to get better in the short run, dare not increase the stock of raw cotton, and do not dare to affect capital turnover due to excessive stock of cotton yarn.

According to the results of the bid auction of cotton reserves, 5 textile enterprises in Anhui participated in the auction of cotton reserves in August, a decrease of 4 compared with July, a decrease of 44.44%, and the auction of cotton reserves by 1789.629 tons, a significant reduction of 2903.921 tons compared with July, with a reduction of 61.87%. At present, the raw cotton stock of the spinning enterprises in the province is generally around 20 days. Due to the decline of cotton production per month, and at the same time, through the price reduction, most of the textile mill's cotton yarn inventory has been reduced from last month, and the stock is generally in a month or so. Only a small number of pure cotton yarn produced by the air spinning enterprises are in short supply, and the stock of cotton yarn is small.