Cotton Association of Henan Province: The cotton market is still sluggish

From the new year's cotton market is getting closer and closer, the traditional cotton supply is not getting green, but there is no sign of improvement in cotton sales, and the cotton market is still in a downturn.

The spot price of cotton has not changed much in the recent period compared with the previous period. Xinjiang's public inspection of Grade 2 cotton is maintained at about 19,000 yuan, and cotton companies have little intention of making a downward bid. However, cotton sales are basically in a stagnant state. According to the cotton warehouse, most of the shipments are now cotton that cotton spinning companies have purchased or transferred earlier in Xinjiang.

Cotton spinning enterprises are generally underemployed. Many small-scale cotton spinning enterprises have not started production since the beginning of the year. According to a medium-sized cotton spinning company, the operating rate is currently maintained at 50%. The main reason is that the sale of cotton yarn is difficult. Enterprises cannot receive larger orders. Cotton yarn is now at a loss. Production and sales However, cotton spinning companies are not willing to start full production; another reason for the lack of operating rates is the shortage of labor and labor, and companies cannot recruit suitable first-line production workers.