Zheng Cotton Market Turned Weak &Nbsp; Lint Spot Prices Fell.

　　 Friday external ICE futures small Rise Today, the domestic electronic disk matching and Zheng cotton futures opened high, both of them rose sharply. A small number of spot transactions, mainly small spinning mills sporadic purchase. The price of cotton yarn is unstable, and the procurement of textile enterprises is very small. Most of them continue to wait for the state to throw away their stores. Although cotton prices continued to drop last week, the price of the big cotton business has increased. The price of small cotton merchants is wavering, whether the shipment is more hesitant. Hunan, Hubei, Anhui, Henan and other places continued to rain waterlogging, new cotton flowering and sitting bell were affected. Today, China's cotton price index (CCIndex328) is 18313 tons, down 34429 grade cotton to plant average price 17943 yuan / ton, or 24.

Recently, downstream demand power has obviously weakened, cotton yarn market Transactions continued to slow down, to reduce profits and sales, textile enterprises finished product inventory rose, the initiative to ship strong. However, due to a slight drop in domestic cotton prices, the market is expected to weaken slightly. In addition, the Yangtze River Basin is experiencing heavy rainfall. The growth of new cotton has suffered some adverse effects. Some cotton traders have recovered their confidence and have a cool wait-and-see attitude towards the market.

Throughout the country yarn The market is falling, and the price is falling, but the price drop is not very big, about one thousand yuan, of which the small factory has a big price cut, and the big factory has not seen a particularly big price cut. The main reason is that at present, the stock of large cotton mills is ample, whereas some weaving enterprises have very few yarn stocks. At the same time, the downstream cotton yarn users have a strong wait-and-see mentality. Some users have stopped buying, and dealers have no intention of buying.

Cotton companies and middlemen are mainly 4 grade lint, and the number of Xinjiang cotton with relatively good quality is relatively small.

Since the China Cotton Association announced that the 600 thousand ton plan for dumping and storage has been approved by the State Council and ready to start at any time, Zheng cotton market has turned into a weak position, and the spot price of lint has also fallen.