The national reserve cotton wheel came close to January, and the enthusiasm of the textile companies in the southwest was not high. As of May 24th, only a few textile companies in Sichuan Province had bid for the national reserve cotton, bidding a total of 1,257 tons. According to the introduction of the member textile companies, the first is the large amount of funds used by the state reserve funds for the storage and long time for occupation. The second problem is that there are still problems with “out of storage†due to issues such as bank procedures, fees, and queuing. Third, the quality of the state reserve cotton is not very good, the quality of storage for a long time will decline, and some textile companies do not dare to buy the state reserve cotton due to high demand for cotton. At present, there are sporadic scattered new cotton resources in Xinjiang, and some textile companies and cotton traders still look for purchases in Xinjiang. In recent days, the local price in Xinjiang is about 12,600 yuan/ton. From the perspective of the price/quality ratio, textile companies are still more inclined to Xinjiang Xinmian.
In recent days, due to the participation of trading companies, the State Reserve Bank's auction price has gradually increased, and the financial strength of textile enterprises cannot be compared with that of commercial and trading companies, and the market risk will gradually increase. As of May 24th, Sichuan commercial companies have bided 1,256 tons of national reserve cotton. Compared with textile enterprises, the competition is half-open, with the highest bid price reaching RMB 125,300/t and the spot price of RMB 13,300/t in the Sichuan spot market. The textile companies basically do not dare. At present, the market is still in the off-season. It is still difficult to sell textile yarns and cloths, and raw material procurement is more cautious. According to a textile company, in early May, more than 200 tons of state reserve cotton was auctioned, with an average price of about RMB 115,000 per ton, and a factory cost price of about RMB 12,000 per ton. There will be no loss after the sale of the finished grey fabric . Currently in stock It is no problem to use the new cotton market.
According to feedback from member companies, recent yarn and cloth sales trends have slowed, but most textile companies are not alarmed. Sichuan Jintai: “The pure cotton yarn is still good, and the pure cotton fabric is worse.†Leshan Yuchuan: “Sino-chem blended fabrics sold worse than last week.†Leshan Baofa: "Cotton purchases itself in Xinjiang, the price is not expensive, about 1.25 million yuan / ton, the quality is too bad to dare to buy." In view of the difficulty in sales of yarn and cloth, it is not surprising that everyone thinks that the off-season is coming and that the trend of sales is slowing down. The second is that the pattern of oversupply cannot be changed, and only the enterprises can be operated in real terms. To survive in competition, victory is not eliminated. Southwest Textile: Glossy Cloth came to the textile companies in the off-season
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