Domestic Cotton Prices Continue To Fall, Some Textile Enterprises Reduce Prices To Inventory

On July 27, Zheng cotton futures all closed down. The cf009 contract settlement price of Zheng Mian in recent months was 11940 yuan / ton, down 105 yuan / ton. The cotton price index fell by 12258 yuan / ton.

Domestic cotton spot market lint continued to decline. Most enterprises quoted a small drop of 50 yuan / ton compared with yesterday. The transaction price of 3128b lint is 11920-12100 yuan / ton. Futures fell in shock today, textile enterprises trading slightly increased, the overall transaction of the spot market slightly better than last Friday.

It is understood that today's cotton lint factory sales quotation in Hebei Province will be lowered. The price of lint of most enterprises has been reduced by 50 yuan / ton, but the price of scarce resources has not changed. The local cotton market was weak, and the local cotton storage market was weak. According to the Xinjiang Xinjiang base cotton group, the price difference is better than that of Xinjiang Xinjiang base cotton group, which is better than that of Xinjiang Xinjiang base cotton group.

The price of lint sold to the factory in Henan continued to decline, and the price of cotton enterprises decreased by about 100 yuan / ton, and the sales were slightly improved compared with the previous days, and the textile enterprises mainly purchased as needed. At present, the start-up of small and micro textile enterprises has increased slightly. Due to the low price of state-owned storage cotton and certain cost-effective advantages, enterprises purchase more state-owned cotton.

Cotton lint sales to the factory price fell slightly in Anhui Province. In recent days, futures fluctuated downward, and the spot market passively lowered the quotation. Spot price trading increased slightly, while spot market transactions only needed a small amount. Local cotton mill raw material inventory decline, lint period, spot down, textile enterprises spot transaction slightly increased. However, the difficulties faced by the mills have not changed much, especially the sales pressure caused by the reduction of orders and the overstock of finished products, which have caused great pressure on the small-scale mills in Anhui and Jiangxi. Small and medium-sized cotton mill spot purchase willingness is very low, most of them are reluctant to place an order.