Texas cotton yarn prices stop falling

Recently, spot price of lint in Shandong has rebounded steadily, boosting confidence in the cotton yarn market. In the past 10 days, local cotton yarn prices have stabilized and stabilized, but sales are still small and inventory is difficult to reduce.

In the past half of the month, the purchase price of seed cotton in Texas has risen slightly. The price of lint cotton has stabilized, and farmers are reluctant to sell their goods. The Wucheng County IV seed cotton purchase price was 7.7 yuan/kg, up 0.10 yuan/kg from last week. Lint price stability, is the third-level public inspection large package cotton 19,500 yuan / ton (delivery, gross weight, with votes), is the fourth-grade public inspection of large cotton 18400 yuan / ton.

Since October, as the price of cotton dropped, the price of cotton yarn has continued to fall, which has dropped by RMB 2,000/ton in more than two months. Recently, with the stabilization of cotton prices, the price of yarn has also stabilized and stabilized. The mainstream transaction price of C32S cotton yarn At 26,000 yuan/ton, the higher price is about 26,700 yuan/ton.

Many business executives believe that the current price of cotton and yarn may have bottomed out. New Year's Day, the Spring Festival approaching, textile companies need to make up the library, the recent spinning companies to call to inquire about the increase in lint, which brings confidence and hope to cotton companies, acquisition enthusiasm.

This article comes from the "Chinese home textile network": http://www. Com original address: http://. Com/news/215054. Html

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