Cotton reserves are shipped out of the warehouse, and textile companies are cautious in purchasing raw materials
Since June, the prices of cotton and cotton yarn have fluctuated in varying degrees. Now, the cotton reserves are being shipped out, injecting new elements into the cotton market. It is understood that the overall momentum of the raw material organization of some small and medium-sized spinning and weaving enterprises is not strong, and they are in a wait-and-see situation while eating “surplus grain”. The enterprise’s raw material inventory is generally 30-45 days, and more business decisions will be made in The trend of reserve cotton will be determined after it becomes clear.
An industry insider said that most textile companies purchase raw materials to ensure that orders are in hand. When cotton and yarn prices fluctuate and the market supply is abundant, companies are not in a rush to stock up on cotton, and raw material stocks can be purchased as needed. Ready to use. Some small and medium-sized textile enterprises are worried about the “roller coaster” changes in the cotton market. However, with the start of cotton reserve rotation and the state’s control over the operation of bulk commodities, companies appear calm and cautious. As long as funds and orders are effectively implemented, cotton can be purchased anytime and anywhere. .
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