Domestic Cotton Prices Fall, Yarn Sales Increase

< p > this week, the a href= "//www.sjfzxm.com/news/index_c.asp" > cotton > /a > temperature in the mainland is conducive to the growth of cotton and the emergence of cotton plants. Shaanxi, Hebei, Anhui, Hubei and other places have already seen bells. Some cotton areas are affected by rainfall, and the buds are shedding. Xinjiang is mainly rainy and rainy, and the temperature below 30 degrees Celsius is not conducive to cotton sitting peach. At present, only the cotton plants in Akesu and Kashi have bolls, and the overall growth is worse than that in the same period last year.

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Since P, July 3rd, China's cotton reserve management company has increased the number of sales of national cotton stores, and the number of daily sales is over 300 thousand tons. However, the turnover rate has been declining, with the turnover rate falling to 10.39% in July 8th, a new low since January 2013.

According to the reporter of China cotton net, the main reasons for the low enthusiasm of the a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > the enthusiasm of the enterprises to bid for the national cotton storage are that the tight liquidity, the high price of cotton and the bad economic situation in the second half of 2013 and so on.

However, some textile enterprises have indicated that the amount of cotton reserves has increased, the choice of textile enterprises has increased, and prices will also decline, which is beneficial for spinning enterprises to prepare cotton.

According to the statistics of China's cotton net, as of July 9th, in 2013, the total sales volume of reserve cotton was 2804112.734 tons, of which < a href= "//www.sjfzxm.com/news/" > domestic cotton < /a > 2240761.389 tons, and imported cotton 562444.2881 tons.

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< p > recently, sales of finished products in textile enterprises are difficult, and yarn market continues to be weak.

Low demand < a href= "//www.sjfzxm.com" > yarn < /a > demand is low, and sales of high count yarn are also slower than before. Most of the textile enterprises with tight funds have already sold products at reduced prices, so as to return the funds as soon as possible.

This week, the purchase of imported yarn by Southern enterprises such as Zhejiang increased significantly. Some textile enterprises indicated that the domestic yarn price had no competitive advantage compared with the international yarn price. Some of the low cost varieties of cotton yarn from India and Pakistan were even cheaper than the cotton prices in the country, and the spun pure cotton yarn was "losing money and making money".

To reverse the situation, part a href= "//www.sjfzxm.com" > textile enterprise < /a > is adjusting the ratio of cotton to cotton, reducing the amount of cotton, giving up pure cotton and taking the road of non cotton fiber development.

According to China's cotton industry inventory report (July), as of July 5th, the national cotton industry inventory of about 834 thousand tons, an increase of 12.4%, an increase of 13.3% over the same period, a decrease of 8.2% over the past three years.

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< p > July 9th, the price of China's main port of imported cotton increased slightly, including cotton, Central Asia cotton and India cotton rose 0.2 cents, and West Africa cotton rose 0.75 cents.

At present, the turnover in the foreign cotton market is still slack. Some foreign businessmen believe that the paction will gradually resume at least until mid 8. As of the end of July, the total amount of bonded cotton and clear cotton will still be around 430 thousand tons.

Analysts said that although the recent downstream market demand is insufficient, but the US cotton production reduction and China continue to open up and store foreign cotton prices to form strong support, so the price of cotton will not drop sharply.

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