Weekly Report: Cotton Yarn (Feb. 20th- Feb. 24th)
Author: Feb 27, 2012 13:11
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The cotton price was unchangeable this week, now the average price of 527 level cotton was 16,968 Yuan/ton, up 30 Yuan compared with February 20th, 328 level was 19,623 Yuan/ton, up 53 Yuan/ton, and 229 level was 20,881 Yuan/ton, up 66 Yuan/ton. It was expected that the cotton price would continue to rise slightly next week.
As a whole, the yarn market was relatively weak, the price of some products continued to adjust downwards, and the purchase of buyers was cautious. The all cotton yarn price was soft this week, now the leading price of 32S was 26,000-26,500 Yuan/ton, and J40S was 31,500-33,000 Yuan/ton. It was expected that all cotton yarn price would begin to adjust downwards next week.
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Editor: sunny From: 168Tex.com
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