Shandong Liaocheng Seed Cotton Is Active &Nbsp; Lint Market Is Cold And Cheerless.
Recently, Liaocheng, Shandong
Unginned cotton
The market is active and prices are rising sharply, but the lint market is still cold and the price is falling slightly.
At present, the purchase price of the local four grade seed cotton is 4.6-4.7 yuan / Jin, and the seed cotton with a weak grade three can reach 4.8 yuan / jin (37%). The price is 0.30 yuan / kg higher than that in May 23rd, and some cotton ginning factories have gradually resumed seed cotton purchase, and the daily purchase amount can reach more than 20 thousand jin.
Although there is a certain profit after the purchase and processing of lint at the current price, most manufacturers are unable to get the support of bank loans because of their tight funds, so they can only consider the purchase of seed cotton after emptying their cotton lint, so most of the cotton ginning plants are still waiting to see.
At present, the price of local grade four lint is 22500 yuan / ton, and the price is 500 yuan / ton lower than that in May 23rd.
Recently, the cotton mill has improved slightly, and the number of textile enterprises has increased, but most of them are still buying and selling.
With the price of cotton futures stabilized, the ginning factory panic has also been alleviated slightly, but most of the market outlook is still pessimistic, so the current shipping mentality is more positive.
According to the analysis of the head of a local textile enterprise, at present, domestic
Cotton futures
Market prices basically stabilized, but the turnover is still very light. Facing the fluctuating market, textile enterprises' confidence is obviously insufficient.
Although most textile enterprises have suspended the purchase of lint after February, the inventory pressure has been partially released after nearly 4 months' inventory digestion. However, most textile enterprises still dare not replenish the lint inventory in large quantities, and the recovery of market confidence is still in wait. What is needed now is waiting for the further improvement of downstream demand.
According to the survey, textile enterprises
Cotton bank
Storage has dropped from 1 million 330 thousand tons in December to 1 million 130 thousand tons at the end of April, 70 thousand tons lower than the same period last year, while yarn stocks reached 17.16 days, up 10.33 days from the same period last year, or nearly 66%, but the grey fabric inventory was 12.41 days, 22% lower than the 15.92 days of the same period last year. However, the confidence of the market is still obviously insufficient.
In addition, from the sales situation, the turnover of blended yarn is obviously better than that of pure cotton yarn. Therefore, textile enterprises have reduced the production of pure cotton yarn to produce blended yarn, resulting in a marked weakening of lint demand.
- Related reading
Zhengzhou: Textile Enterprises Are Not Affected By The Drop In Cotton Prices.
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