Hebei: Sales of high-quality real estate cotton and Xinjiang hand-picked cotton are relatively smooth

On April 22, a ginning factory owner in Cangzhou, Hebei Province said that the sales of real estate cotton above grade 3128 have been relatively smooth these days, with prices ranging from 12,800 to 12,900 yuan/ton, a slight increase of 100 yuan/ton compared to last week. Their factory also sold 49 tons of 3128 grade cotton at the same price yesterday (April 21). The buyer was a company in Dezhou, Shandong, and the goods were delivered in cash. “These are the good cottons, and there are still some low-grade cottons left.” The boss said, “Many purchasing managers from textile companies have been asking for prices recently, but most of them are looking for high-quality cotton.” Shijiazhuang, Baoding and other places, 3128 The mainstream price of grade 4128 real estate cotton is 13,000 yuan/ton and 12,600 yuan/ton, and most local textile companies also bring money to purchase. Many people in the industry believe that the spring of high-quality cotton is coming.
At the same time, the response to high-quality Xinjiang hand-picked cotton is also good. On April 22, a cotton merchant active in Shandong and Hebei said that the current ex-warehouse prices of grade 2128 and grade 3128 Xinjiang hand-picked cotton are 14,200 yuan/ton and 13,600-13,700 yuan/ton respectively, which is the same as last week. However, during the transaction process, cotton merchants have already made profit concessions. The main reasons why real estate spot prices and Xinjiang cotton have stopped falling and rebounded recently are: first, the recent cotton production in 2015 has increased people’s expectations for the market outlook; second, the product sales of some textile companies have been slightly smooth, and the procurement of raw materials has gradually started. For example, a yarn mill in Shijiazhuang reported that the price of carded 32s produced is at 20,600 yuan/ton. There have been new orders recently, and the sales of other combed yarns have also improved to some extent. In particular, most textile companies maintain low inventories of raw materials. Stocks of 15-20 days are common, and there are even companies with stocks of less than 10 days. Cotton yarn has improved recently, and some companies are actively purchasing raw materials.