Cotton Prices Continued To Rebound For The First Time After Two Months, And &Nbsp Said That Stability Is The Key Now.
China cotton association information display,
Cotton spot
Prices rebounded for the first time in two months.
In May 12th, China's cotton price index (CCIndex328 level) was 24893 yuan / ton, up 62 yuan from the previous day; CCIndex229 level was 26888 yuan / ton, up 272 yuan; CCIndex527 level was 22922 yuan / ton, up 27 yuan.
The spot market of cotton continued to decline in mid March and increased after mid April. As of May 11th, China's cotton price index (CCIndex328) was 24831 yuan / ton, down 6397 yuan / ton, or 20.5%, compared with March 10th's 31228 yuan / ton.
Deal with, after many days of wait and see, some textile enterprises have more urgent.
Purchase
Demand, spot market pactions stabilized, the Soviet Union, Zhejiang, Hebei and other regional paction price rebounded, but textile enterprises procurement is still cautious, the actual turnover is light.
It is understood that 4 and May should be the peak season for textile, but this year's
Order
Not optimistic, the foreign side is also watching cotton prices.
At present, there are more cotton yarn in the spinning mill, and the funds are occupied badly.
According to the insiders, stabilizing cotton prices is the key now. Only when cotton prices are stable, can textile survive.
In addition, the latest report released by the China Cotton Institute shows that as of the end of April, the progress of the national cotton sowing has reached 95.9%, which is 14.1 percentage points faster than that of the same period last year.
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