Nanyang, Henan: Cotton yarn sales are stable and improving, while lint procurement is tepid

At present, the sales performance of textile enterprises in Nanyang, Henan is still good, with continuous downstream orders. Among them, combed 21, 32, and 40 are the main sales varieties in the current market. Although the quantity is not large, large and medium-sized textile enterprises are shipping daily. The volume is still 30-50 tons, and orders are basically scheduled until mid-June. Small micro-spinning enterprises mainly sell carded 32 and 40 threads, and the order volume is less than combed threads, but the sales volume is acceptable, with daily shipments of 5-15 tons.

In terms of price, the price of cotton yarn is strong. Although the current cotton price fluctuates greatly, the quotation of cotton yarn is stable, and the willingness of yarn mills to reduce prices is low. The quotation at the beginning of the month is basically stable, and various Textile companies have low inventories and low sales pressure. Among them, the price of carded 32 pieces is 22,500-24,000 yuan/ton, the price of 40 carded pieces is 23,000-25,000 yuan/ton, the price of combed 32 is 24,500-26,000 yuan/ton, and the price of combed 40 is 26,000-28,500 yuan/ton. tons, mainly due to different cotton distribution, the price varies greatly.

In terms of sales, the order quantity for combed 60-count cotton yarn is not large, and small-volume purchases are the main focus. There are inquiries for other cotton yarn varieties, with few orders and poor market conditions. Because the lint cotton inventory of textile enterprises still remains at one month’s consumption, the current price of lint cotton fluctuates greatly, and the off-season of textile enterprises is coming, the willingness of enterprises to purchase lint cotton has declined. Quite a few, but the purchase volume is not large.

At present, the spot quotations of lint cotton in Nanyang area are firm, mainly because cotton companies have limited inventory and low sales pressure, and they are still optimistic about the market outlook, so many cotton companies are holding on to the cotton quotations and waiting. At the same time, the raw material inventory of downstream textile enterprises is only about one month, so the willingness to purchase lint is not strong. There are many wait-and-see inquiries and the sales situation is poor. Only a few textile enterprises have a small amount of inventory replenishment.

Judging from the quotations of various enterprises, the current price of Xinjiang cotton is 16,400 yuan/ton for grade 2129, 16,100 yuan/ton for grade 3128, 15,700 yuan/ton for grade 4128, and 15,300 yuan/ton for grade 1228. The above are hand-picked cotton. According to the quotation, the price of machine-purchased cotton of the same level is 300-500 yuan lower. Currently, textile enterprises mainly purchase Xinjiang cotton of grade 3128 or above. There are also a small number of small and micro textile enterprises purchasing grade 4128 and 2227 Xinjiang cotton and mainland cotton. The quantities are all Not big, just buy one or two more batches, cash on hand. The overall market situation is currently average, and the number of transactions is small.

Judging from the growth and transplantation of cotton seedlings, the average new cotton in Nanyang currently has 4-6 true leaves. The weather last week was mainly cloudy with insufficient light. The maximum temperature was 26 degrees Celsius, which did not have a big impact on the growth of cotton seedlings. The overall growth is good, and most cotton seedlings have been transplanted and are growing well. The weather this week will mostly be sunny to cloudy, with the maximum temperature reaching 33 degrees Celsius, which is beneficial to the growth of cotton seedlings.

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