Most of the textile enterprises nearing the end of preparation stock last week, Zheng cotton futures affected by rising prices in Xinjiang cotton prices, some of the textile enterprises to wait and see.

It is understood that textile mills basically prepared more adequate lint, generally available until the end of February, such as the late market price cuts, years ago will continue to purchase, to ensure that raw material stocks and cotton reserves can be tracked. Hunan, a large-scale procurement of raw materials, textile enterprises resident in Xinjiang, has been from the northern and southern Xinjiang cotton prices looking for more cost-effective source sent to the factory. The person in charge of the procurement revealed that the current cotton prices in Xinjiang have some batches of warrants have been generated, some 15500 yuan / ton point price transactions, the price is much higher than the market spot price. Did not generate a warehouse receipt also raised the price of 200-300 yuan / ton, and now can only be postponed procurement to see whether the late price cut.

In addition, learned from some traders, recently looking for a lot of inquiry, but more hesitant in price. Other small-size textile enterprises did not stockpile a large amount of stock before the year and tended to purchase real estate cotton from the surrounding areas.