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Focus On Cotton, Cotton Yarn Prices Rose Sharply After The Festival

2021/3/1 9:11:00 0

There Is A Strong Wait-And-See Atmosphere In Textile Enterprises After The Festival

After the Spring Festival, the price of cotton and cotton yarn rose sharply, and the price of standard lint reached 17000 yuan / ton. According to the traditional operation of "buying up but not buying down" in the market in the past, and the need to resume work and start up after the Spring Festival, textile enterprises should increase the procurement of processing raw materials, but the current market is not the case.

According to the survey, after the Spring Festival, small and medium-sized textile enterprises have uneven raw materials, and the overall purchasing momentum is weak. A considerable number of start-up enterprises have not purchased raw cotton for the time being, and enterprises have a strong wait-and-see atmosphere.

The reason was analyzed

First, the current inventory of small and medium-sized textile enterprises is large. Affected by logistics, the purchase and sales at the end of the year are somewhat slow, but the textile enterprises have completed the replenishment work in the first and middle of December, and the digestion before the festival is limited. During the Spring Festival shutdown, generally about 50000 spindles, textile enterprises have 300-500 tons of raw cotton inventory, and enterprises are not in a hurry to stock up in the current situation of cotton prices soaring.

Second, we are worried that the market will turn around. Cotton prices at home and abroad "rise ceaselessly", such a price trend for the enterprise heart is mixed. The interviewed enterprises believe that the cotton market has become more and more distinctive in its characteristics of many changes and rapid changes. A number of owners said that the sharp rise in cotton prices has deviated from the fundamentals, and there are still variables in the international situation, epidemic control and follow-up orders.

Third, market guarantee and logistics guarantee bring confidence to enterprises. For a long time, the domestic and foreign cotton market has been fluctuating, import, storage, auction and other business channels have been used, cotton enterprises have no worries, as long as the funds are sufficient, they can get the raw materials they need at any time.