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Cotton Association Of Henan Province: Cotton Price Is Down &Nbsp, Looking Forward To Price Stability.

2010/12/3 13:57:00 64

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Domestic cotton market from November 9th

Zheng cotton futures

The highest price of 1101 was 34250 yuan / ton, which fell to the lowest price of 25000 yuan / ton in November 24th, and then to a slight rise in recent days. What is the current situation of Henan's textile and cotton processing enterprises? Henan Cotton Association has conducted a follow-up investigation.

From 34250 yuan / ton to 25000 yuan / ton, cotton prices have dropped sharply, making all cotton spinning sales of Henan seem to have entered a dead end in a flash.

No matter big, medium or small enterprises, except for the previous orders, there is no one ton turnover of cotton yarn sales.

At present, enterprise inventory has reached about a month.

With the slight increase in cotton futures prices in recent days, the sale of cotton yarn of individual enterprises has only begun to move slightly.

But the price can not be controlled, and we must negotiate with customers before we finalize it.

At present, the biggest aspiration of textile enterprises is to expect the price of cotton to stabilize as soon as possible, so that their sales situation will really get better.

And some cotton processing enterprises in the province, whether in the

Xinjiang

Or in this province,

cotton

The acquisition has basically ceased.

The reason is that there is not much seed cotton on the market. Two, with the fall in seed cotton prices, cotton growers no longer sell seed cotton. They want to wait and see, and expect that seed cotton prices can rise again.

In addition, cotton purchase and circulation of cotton stocks, after the price fell to 26000-28000 yuan / ton, they have stopped sales.

Because under this price, even if the cost of the purchase is equally distributed, the profit will be small or lose money.

So they would rather wait and see.

If the price is not up for a while, wait until after the Spring Festival.

They analyzed: at present, the high-grade cotton resources on the market are limited. Even after importing cotton to Hong Kong, the impact and impact on high-grade cotton will not be too great.

Because the spinning of high count yarn cotton mainly cotton Xinjiang cotton.

This view has also been recognized by textile enterprises.

At present, the price approved jointly by textile enterprises and cotton enterprises should be that they do not break through 30000 yuan / ton and are stable.