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Yiyang Cotton Prices Again Fell &Nbsp; Cotton Enterprises Stop Spinning Enterprises Partially Shut Down

2011/4/13 10:54:00 52

Cotton Prices Down In Yiyang

Recently,

Yiyang

region

Cotton price

Fall again, no matter what

Unginned cotton

still

lint

The price has reached a new low since 2011. At present, the purchase price of seed cotton is 5.3 yuan / Jin, the price is down 0.20 yuan / Jin compared with April 11th. Since March, the seed cotton price has dropped by 0.8-0.9 yuan / Jin. At present, there is no seed cotton in the hands of cotton growers. Only a small proportion of seed cotton in the market is mainly in the hands of middlemen, and the quantity is also small.

Buy

However, the difficulties in the delivery of lint and the falling prices make these cotton enterprises feel more entangled, and the overall market is rather cold.

Market turnover is still very light. On the one hand, the demand is weak. In the past 1 weeks or so, there are few inquiries, let alone the paction. On the other hand, because the market price is lower than the average cost price of cotton enterprises, most cotton enterprises are not willing to ship.


It is understood that the recent local textile enterprises yarn products shipments are still a serious problem, the financial pressure is large, unable to purchase more lint, and last Friday, the NDRC interviewed 17 industry associations responsible person, and again deployed price stability work, it can be seen that the current domestic inflation pressure and policy control inflation and stable price determination, therefore, although the recent external market factors are more favorable, but in view of the current domestic special circumstances, the upward trend of zhengmian futures upward resistance is still larger, the short term will still be dominated by wide shock adjustment, so the lint goods are difficult to continue to effectively improve.


According to the 1 local textile enterprises in charge, the problem of yarn finished shipment has troubled textile enterprises for a long time, many small and medium-sized enterprises have new orders, and the inventory pressure is huge. Some textile enterprises have ceased production, but there has been no substantial improvement in the delivery of goods.

He also said that due to the rising labor costs and raw material costs in 2011, the price of finished yarn has been falling continuously, and the profit margins of textile enterprises have been squeezed again. Some textile enterprises have already suffered losses. In the face of this dilemma, some enterprises have stopped production and holidays, waiting for the market to turn for the better in May.

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