Cotton yarn prices down, and the market outlook is not optimistic!

Nov 23, 2020  |  by Zhao xh


Judging from the current operating conditions of textile enterprises, due to the sharp increase in cotton and cotton yarn prices in October, the processing profit loss of textile enterprises has narrowed significantly. The current loss is about 500 yuan/ton, calculated according to the cotton inventory 20 days ago, processing profit is still positive, and it once reached over 2,500 yuan. But as we all know, the overall market before October was poor, and the textile enterprises themselves were destocking. There was a wave of small purchases in mid-September, but it was still near a relatively low level, so only a small number of enterprises were destined to make profits in this wave of market. Most companies can barely maintain cash flow, and their days were not very good.

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