A part of textile mills increase warehouse stock

The end of the year is coming, a part of middle and small scale textile mills in Xuzhou of Jiangsu Province have used out their raw material storage, plus that they have placed good expectation on the forward market, they have thought that the price of lint cotton is moderate at present, therefore, their willingness for procurement is strong, and they have increased warehouse stock in succession. At present, the procurement price of grade-3 Xinjiang cotton in local textile mills is at around 28,500 yuan per ton (public settled price at factory, same below) the settlement price of standard grade-4 local produced cotton has a net weight settlement price at around 26,500 yuan per ton, however, the fund strain has caused that the actual volume for increasing cotton stock is limited. Furthermore, at present, the local carded 32S knitted yarn has a taking delivery price at 34,500-35,000 yuan per ton, calculated according to current lint cotton price , when weaving a ton yarn, nearly 2,000 yuan loss will be caused.

source:cncotton