Xingtai: The ginning factory has basically stopped working, and textile companies are waiting for policy news
Recently, the author visited some cotton processing companies in Xingtai, Hebei and found that nearly 80% of cotton purchasing companies have stopped production.
At present, the purchase price of seed cotton in Xingtai, Hebei is close to 4.3 yuan/catty, the production cost of lint is close to 16,800 yuan/ton, and the market transaction price is around 16,500 yuan/ton. Purchase and sales The price inversion has caused the ginning mill to be basically shut down.
Local spot transactions are still dominated by pending orders. Market transactions are average. Textile factories are still in no rush to get goods. They mainly have some inventory and are waiting for the release of policy news. Generally speaking, they are mainly waiting and watching.
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