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On April 21, Some Textile Enterprises Were In Urgent Stock, And Cotton Prices Showed Signs Of Rising Slightly

2008/4/26 17:15:00 265

On April 21Some Textile Enterprises Showed Signs Of Small Increase In Cotton Prices Due To Urgent Inventory

Since the end of last week, the domestic cotton spot market has still been trading light, but the trading market is stable and slightly rising. China's cotton price index (CCIndex328) was 13808 yuan/ton, up 1 yuan from last weekend; CCIndex129 is 14753 yuan/ton, up 20 yuan; CCIndex527 level is 12651 yuan/ton, the same as last weekend.

According to the sample statistics of textile enterprise quotations, the transaction prices of some grades in Shandong, Henan, Hunan, Zhejiang, Jiangxi and other places have increased to varying degrees today. Among them, the average transaction price of Henan 129 level was 14893 yuan/ton, up 46 yuan; Level 429 in Hunan Province was 14375 yuan/ton, up 105 yuan; Shandong 429 level is 13218 yuan/ton, up 10 yuan; Jiangxi Province's 229 level 14300 yuan/ton, up 100 yuan; Level 329: 13900 yuan/ton, up 50 yuan; Some enterprises in Zhejiang Province increased their 1-3 level quotations by 50 yuan, but the overall level did not change much after the average.

Textile enterprises reported that cotton prices rose partially, mainly because the spinning mills were facing the need to replenish the stock, and the purchase volume increased. However, due to the poor turnover at the Canton Fair, the overall confidence of enterprises in the future market was still insufficient.

In addition, it is reported that due to the recent volatile pattern of electronic disk, some hedge cotton traders have no intention of waiting any longer and begin to balance out the short orders on electronic disk. Taking matchmaking as an example, the actual yield of spot sales is better than delivery at present, so it is necessary to pay attention to whether this will have an impact on electronic disk.

At the weekend, light to moderate rain fell in most parts of the mainland, and the purchase and processing of seed cotton were basically stopped. By the end of April, all regions have entered the stage of new cotton sowing and seedling raising, and the influence of weather will be greater and greater. The recent strong wind cooling in Xinjiang has already had a negative impact on cotton seedlings.
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