To stimulate shipments, cotton companies open the "high price, big profit" model

It is understood that although on July 20, Shandong, Jiangsu, Henan and other places in the library "double 28" (or single 29) Xinjiang machine cotton public weight quotation generally increased to 18000 - 18200 yuan/ton (CF2309 contract early volatility upward), but the actual transaction is relatively rare, some cotton companies can only take the "high price, big profit" model to stimulate the goods, but it is difficult to change the overall situation of textile enterprises to take the goods downturn. A textile enterprise in Xuzhou, Jiangsu Province, judged that compared with the strong pull up of raw materials such as upstream cotton, small and medium-sized cotton textile enterprises are deeply in the extreme unfavorable state of cotton yarn losses, gauze accumulation rate, cash flow tightening, and rising expenditure, so either the pressure of cotton yarn costs rising to the downstream and terminal transmission and release, the industrial chain is gradually smoothen; Either the price of cotton yarn "standing still", the pressure to the upstream reverse push, cotton processing enterprises/traders to give up profit space, otherwise continue to be in a "dilemma, the back and the back of the enemy" dilemma, July/August will have more large-scale textile enterprises forced to choose to reduce production or even production to reduce losses.

According to the feedback of cotton trading enterprises in Zhangjiagang, Qingdao and other places, the port bonded cotton, cargo and customs clearance cotton inquiries/shipments have weakened in the past two days compared with mid-July, especially the activity of bonded American cotton/Brazilian cotton/Australian cotton of medium and high grade and quality indicators has declined, and the wath-and-see sentiment of cotton textile mills and middlemen has increased, and the good news of the RMB exchange rate has been covered up. Industry analysis: on the one hand, Zheng cotton correction consolidation in the past week, and ice cotton futures "three consecutive Yang", the price of cotton inside and outside the narrow than last week, the competitiveness of imported cotton has declined, on the other hand, with the opening of the work of the reserve cotton wheel, cotton enterprises have certain expectations for imported cotton wheel, slow down the port, the purchase of foreign cotton at the moment.

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