Zheng Cotton Rebound Strength Insufficient Textile Enterprises How To Deal With Depression?

The main contract CF1909 of Zheng cotton futures rebounded for four consecutive days, rising from the lowest position in June 10th to 12720 yuan / ton to 13665 yuan / ton at present (14 hours in June 13th).

It can be recalled that the main contract of Zheng cotton futures began to circulate downward from 16225 yuan / ton in April 15th, with a total drop of over 3000 yuan / ton.

At present, although a slight correction, but did not give pessimism strong cotton industry chain brought about too much change.

It is understood that the current cotton business spot sales are still more difficult, serious losses, the price fell sharply.

Xinjiang cotton sales quotations are mostly 14000-14300 yuan / ton (public, self mention, with tickets). The price of imported cotton sales is more than 14200-14500 yuan / ton (net weight, self mention, with tickets). The price of cotton reserves is mostly below 13000 yuan / ton.

At present, the capital turnover of small textile enterprises is more difficult, and the enterprises that maintain production are piecemeal procurement. The main way of payment is to purchase cotton by earnest money, and then to pick up and collect money several times, and the operation is extremely difficult.

The summer is coming, and it is in the peak period of electricity consumption. The production cost of textile enterprises has increased, but the yarn sales are weak and the inventory of products has increased.