Cotton Prices Continue To Decline By &Nbsp; Textile Mills Have Tight Funds And Cotton Companies Have Strong Desire To Ship.

Recently, domestic

The textile factory is very tight capital, plus some areas are now in the wheat harvest, many textile mills have given workers a holiday, spot purchase trend continues to decline, lint spot prices continue to decline.

Due to the rainfall and local drought in the south, the focus of the market shifted to new flowers. 17, 18 and two days, the middle and lower reaches of the Yangtze River suffered heavy rainfall again. The waterlogging in the low lying areas of the Yangtze River area has not yet affected. In addition, it is known that the public security area in Hubei has been greatly affected by the disaster. Due to the uneven distribution of rainfall, there is still drought in the northwest of Hubei, the north of Anhui Huaihe and the northern part of Jiangsu.

This week, the Yangtze River Basin entered the flood season. During this period, flood control and waterlogging are particularly important.

At present, the impact of Waterlogging on cotton is limited, but if it continues to the end of the month, the growth of cotton will be affected and the output will be worrisome after the emergence of most cotton fields.

Today, China's cotton price refers to (CCIndex328) 24492 yuan / ton, down 6 yuan, 527 cotton to plant average price 22469 yuan / ton, down 39 yuan.

Domestic cotton spot prices have dropped slightly, and spot trading has been sluggish.

According to cotton traders, even though the price of lint quotas has been cut down, it is difficult to ship the goods smoothly because of the shortage of funds in textile enterprises, and the difficulty in purchasing goods in full quantities in procurement.

In the late stage of seed cotton purchase, the quality of cotton has obviously declined, and the enthusiasm of market acquisition is weak.