Cotton Spinning Market No Improvement, Kuitun Seed Cotton Purchase Price Of 4.6 Yuan / Kg

It is understood that during the national day, Northern Xinjiang has begun to harvest new cotton. According to the current harvest situation, the yield per unit area is not as good as expected. Driven by a reduction in production, the purchase price of seed cotton was raised by 0.1-0.2 yuan / kg during the national day, of which the average purchase price of seed cotton was 3128 yuan and 39% in Kuitun. The average price of seed cotton was about 4.6 yuan / kg, and the price of cottonseed fell to 1.7 yuan / kg from 1.9-2.0 yuan / kg due to a large number of listings.

According to the current situation of new cotton harvest, the market is concerned about the possibility of reducing production, but considering that a large number of listed harvest will take place at the end of October, the specific yield will be determined.

In addition, Saudi oil hit the market, especially in the "golden nine silver ten" peak season is not prosperous, the cotton textile market has been slow. In the international market, there is a significant reduction in the number of foreign orders, the domestic market is sluggish, and if there is too much money, there will inevitably be a price war. Customers purchase more goods than three, and the price competition is fierce. It is understood that the downstream orders in September are still not strong, some textile enterprises to maintain the mode of limited production, some textile enterprises inventory remained at the level of one month, individual textile enterprises exist for two months.