Slowed Down Cotton Prices In Henan Province
March 25, Zhoukou City in Henan Province, Xuchang City, etc. 3 real estate transaction price of cotton 16100-16300 yuan / ton (nominal weight, 100% cash, with votes), 4 cotton per transaction price of 15700-15900 / t, compared with 21, up 100 yuan / ton, gains obviously slowed down.
The past two days, futures, match the price correction, Zhoukou, Shangqiu and so increased the textile industry set to receive from the electronic depository receipts in recent months, the strength of cotton. Meanwhile, Zhengzhou, Luohe, Shangqiu etc. warehouse 229, 329 Cotton Price stabilized at 16700-16900 yuan / ton and 16400-16500 yuan / ton (public weight, delivery), the smaller textile enterprises on 16,500 yuan / ton or more of three cotton price comparison conflict.
In addition, Shangqiu, Zhoukou other places, some textile enterprises in 2009, 11,12 recent months been ordered arrival of foreign cotton, of which India, mainly cotton and cotton in Uzbekistan, plus the increase in Xinjiang cotton transport wagons, enterprise storage stations in Xinjiang to plant cotton on time is not far away, many textile enterprises reduced cotton procurement initiative, even now have enough stocks of raw materials to enterprises, “as used with the purchase in a single order” approach to buy cotton.
Local industry also said the recent price increase of small cotton mills lower than medium and large cotton mill, the cotton price up the cost pressure is more prominent than the big mills. Meanwhile, the small factories received orders for more than short-term, low percentage of customers pay the advances, resulting in a tight operation of its liquidity, on the upstream raw materials and product sales price fluctuation risk tolerance is relatively weak. In order to avoid risks, the recent Zhoukou, Shangqiu, Xuchang and so many small mills, cloth factories have reduced, discontinued, or the adjustment of product structure, increase the use of polyester staple fiber.
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