Sichuan cotton prices rise

Recently, spot sales of high-grade cotton in Chengdu, Sichuan are booming, and the price increase trend is obvious. Among them, 329-level Xinjiang cotton is priced at 19,800-20000 yuan/ton (original code single settlement, public denomination, with ticket, delivery, the same below), up 200 from last week. -300 yuan / ton, 428 offer 19,000 yuan / ton, up 200 yuan / ton; Gansu cotton 329 offer 19,800 yuan / ton (gross weight, with tickets, arrival), up 200 yuan / ton.

The Chuan Neijing cotton yarn market is “backed by the enemy”. On the one hand, the price of raw materials has risen. On the other hand, the yarn price has declined. This week, the general price of carded high cotton yarns was generally reduced by 200-300 yuan/ton, of which 40 yarns were offered at 27,200 yuan/ton (with tickets), high quotation was 27,500 yuan/ton, and 32 yarns were offered at 26,200 yuan/ton. About the recent downturn in downstream demand, cotton yarn sales continue to decline, spinning companies can not help but play a "price cut card" to go to inventory, to maintain sales.