After The Holiday Cotton Spot Is Still In The Doldrums &Nbsp; No Obvious Replenishment Of Textile Enterprises.
After the May 1 holiday,
cotton
The spot market is still in the doldrums.
Spinning enterprises
There is still no obvious desire to replenishment, some small textile mills extend the holiday time, the 1 quarter of 2011.
Textile industry
Last year's growth momentum, both domestic and export growth, but in the short term, as domestic cotton yarn prices continue to decline, textile products inventory backlog increased, textile
enterprise
The growth of textile industry has slowed down due to inconvenient turnover of funds.
Starting from the three phase of the Canton Fair in May 1st, it was learned from participating enterprises that the orders received by enterprises at present are mostly short orders and small orders; the new order index and new export of the latest PMI index announced in May 1st
Order
The index has dropped more than 1 percentage points, indicating that domestic demand and external demand are insufficient. In other words, the immovable effect will become a problem.
Spot prices continued to fall today, and there was no change in turnover. Only a few urgent textile mills would purchase a small amount. According to local information staff, the purchase price of seed cotton in Hebei was substantially lower than before, and seed cotton purchase basically stopped.
Today, China's cotton price refers to (CCIndex328) 26638 yuan / ton, down 289 yuan, 527 cotton to plant average price 24501 yuan / ton, down 207 yuan.
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