According to feedback from several cotton spinning companies in Jiangsu, Shandong, Henan and other places, the stocking rate of gauze has increased, medium and long-term orders are still relatively scarce, and the number of small and medium-sized cotton spinning companies is increasing.
A textile company in Nanyang, Henan said that although the contract price of Zheng Cotton’s main CF2301 contract dropped from 13,975 yuan/ton to 13,130 yuan/ton, the price of Xinjiang cotton in the inland bank for 2021/22 was affected by the epidemic and was strong, such as the “Double 28” machine-picked cotton. Stable at 15,800-16,200 yuan/ton. Cotton spinning enterprises have cut prices to survive due to the decline of Zheng cotton shock, rising gauze inventory and tight liquidity, and spinning profits have continued to fall. Judging from the current market quotation, the price difference between C32S mid-range cotton yarn and 3128B grade cotton has narrowed to about 7,500 yuan/ton. Taking into account short-term, financial and other costs, the profit situation of the yarn mill is not optimistic.
A cotton textile company in Tai’an, Shandong Province believes that at present, most cotton processing companies in Xinjiang are level 41 and above, and the pre-sales price of “Double 29” machine-picked cotton is concentrated at 14,100-14,300 yuan/ton (delivery before the end of November). Considering that the company Due to tight cash flow and other factors, downstream companies have no plans to purchase Xinjiang cotton in Xinjiang in the short term in 2022/23. The company has recently been very enthusiastic about receiving warehouse receipts for Zheng cotton and real estate cotton for 2022/23. On the one hand, the warehouse receipts for 2021/22 are facing cancellation (before November 15), and traders’ profit concessions and discounts have been significantly enlarged; on the other hand, during the “Golden Nine and Silver Ten” “As the situation continues, orders for high-end yarns, high-count carded and combed yarns are still insufficient, and the actual demand of warehouse receipt cotton and cotton spinning mills is slightly higher.
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