Weekly Report: Cotton Yarn (Mar. 26th- Mar. 30th)
Author: Mar 31, 2012 10:27
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The cotton price continued to be down this week. The operating situations of downstream cotton spinning factory was not improved, the inventory of products was higher, the funding pressure was great, the demands for the raw materials were difficult to recover and the demands were shortage, all of those caused the cotton price slow down. At present, The average prices of 527 level cotton were 16,902 Yuan/ton, fell 23 Yuan compared to Mar. 26th, 328 level cotton was 19,479 Yuan/ton, fell 43 Yuan, and 229 level cotton was 20,832 Yuan/ton, an decrease of 43 Yuan. It expects that the cotton prices will continue to slide down next week.
In the aspect of cotton yarn, the spot price of cotton was consolidated by weakness recently. Therefore, the industrial chain of the whole cotton spinning factory had no confidence for the afternoon market. Now the individual specifications of 100% cotton yarn decreased, and the price of 100% cotton yarn maintained stable this week in Shengze, China. At present, the 32S price of 100% cotton yarn was 26,200 Yuan/ton, 40S was 27,200 Yuan/ton, the combed 32S was 29,700 Yuan/ton and the combed 40S was 31,200 Yuan/ton. It expects that the price of 100% cotton yarn continues to be dominated by consolidation next week.
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Editor: sunny From: 168Tex.com
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