Cotton Market Has Plunged Sharply &Nbsp, And The Number Of Suspension Enterprises Has Increased.
Shandong Wei Qiao lowered its lint.
Purchase
The price is 1000 yuan. As of today, the price has been reduced by 3000 yuan. According to the Fed's latest speech, it will continue to implement the EQ2 policy.
Fall
The market panic is further aggravated.
It is understood that there has been electricity shortage in the Jiangsu and Zhejiang areas in the off-season, and there has been a power shortage in the steel mills.
yarn
It is blended and 80-100 of high count yarn, and the sale of combed yarn is bleak.
Cotton and cotton traders in Xinjiang cotton or three grade cotton have a slightly better mentality, but most cotton traders have a large quantity of grade four cotton.
enterprise
It is hard to sell a textile factory unless it is cash settled or accepted.
Today, China's cotton price refers to (CCIndex328) 27309 yuan / ton, down 667 yuan, 527 cotton to plant average price 24895 yuan / ton, down 700 yuan.
domestic
Cotton market
There has been a big dive, and the mentality of the market has gradually turned pessimistic.
On the same day, a large textile industry significantly lowered the purchase price of lint, the reduction was 1000 yuan / ton, adjusted 329 level 25500 yuan / ton, 429 level 25200 yuan / ton, within the month, the total reduction rate reached 3000 yuan / ton, lower than the initial purchase quotation of this year.
Affected by the price dive of raw materials, the market of gauze slightly showing signs of warming has weakened again. The loss of business has increased, and the number of enterprises suspended from work has increased significantly.
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