Xinjiang Cotton Quotation Rebounded And Bank Support For Cotton Spinning Weakened.

It is reported that since the end of April,

Enquiries and purchases of hand picked cotton are much more active than in 3 and April. Some large and medium-sized cotton enterprises, foreign businessmen and traders have sent buyers to enter the territory to see goods and inquiries. Based on the judgement of the pressure of domestic high-grade lint supply in 5-9 months and the "hang up" of the cost and price of lint cotton, it is generally at 500-600 yuan / ton. The Xinjiang cotton quotation has a rebound of 100-200 yuan / ton.

Because

The price of grey cloth has not yet risen. Cotton buyers and sellers are in the exploratory state, and the actual paction price has risen by 50-100 yuan / ton.

It is reported that in 4 and May, the cash flow of the mainland cotton textile enterprises is still very tight.

The phenomenon of enterprise pressure payment is quite common. Generally, it is a 1-2 month account. Cotton mills' funds can not be returned in time, and the price of some foreign brands is very low. Once the price of raw materials, exchange rate and labor cost fluctuate, orders may be lost. On the other hand, banks' credit support for cotton textile enterprises and foreign trade enterprises is weakening.

Raw materials of some cotton mills in Jiangsu, Shandong, Hebei and other places

In only 5-7 days, only 1-2 batches were purchased at the same time. The performance was "urgent goods, partial payment and close procurement", while the large and medium-sized textile enterprises took the initiative to go to the Xinjiang regulatory warehouse to see the goods and purchase.