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Cotton Market Is Weak And Turnover Is Weak &Nbsp; Spot Price Will Continue To Decline.

2011/5/12 10:24:00 77

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Weak Cotton Market

Goods in stock

Price

Continue to reduce, the market turnover is still weak.

Cotton enterprises

perhaps

Cotton merchant

Sales confidence continued to suffer, even if the sale was reduced, there were few pactions. According to feedback from the information staff, Xinjiang cotton, which has always been selling better, is not optimistic now.

Some spinning mills of pure cotton yarn began to spin other blended yarns, such as polyester cotton yarn, etc., and another survey found that over 90% of the recent Canton Fair were short lists, and mainly

Supplier

We do not want to take long orders, so we can see that the market trend is not optimistic.

The turnover of textile and apparel has not yet been announced. It is not optimistic from the situation of participating enterprises.

In May 11th, China's cotton price was (CCIndex328) 25245 yuan / ton, down 410 yuan, and the average price of 527 grade cotton to plant was 23245 yuan / ton, or 342 yuan.

The weakening of domestic cotton spot market has not yet changed. Cotton market has generally dropped sharply, and the depression atmosphere has also spread to the downstream whole cotton yarn market. The entire cotton textile industry chain has not yet opened up the deadlock, and the sales of grey cloth are also very difficult. Textile enterprises reduce the production volume by reducing the number of funds, reducing the number of products, reducing the number of products and equipment.

The price of China's main port of import cotton remained stable, and the prices of most varieties remained unchanged. E/MOT cotton and Brazil cotton in the US increased slightly.

At present, cotton prices tend to be weak and far stronger, and the cotton delivered at the beginning of next year will continue to be sought after.

A middleman said that although the quantity of initial foreign trade delivery was very small, the shipment in 5 and June suddenly accelerated, and there would be a considerable amount of foreign cotton to Hong Kong before the end of August. A considerable part of them might be postponed shipment, perhaps indicating that foreign traders and traders continue to be optimistic about the import market at the end of the year.