Anhui's cotton yarn sales price fell, and payment arrears increased

According to a survey of textile enterprises of different scales in Anhui, with the advent of the textile off-season, the overall sales of cotton products in textile mills appear to be weaker than in the previous period, which is prominently reflected in the decline in sales prices and the increase in downstream payment defaults.　　According to the introduction of the manager of a small-scale textile factory in Anqing, the selling price of 32 carded cotton yarns has gradually decreased in the past half month, and has dropped from RMB 23,100/ton at the beginning of last month to RMB 22,800/ton. The chief executive of another textile company also believes that the downward adjustment of cotton yarn prices into the textile off-season is the general trend. 40 carded cotton yarns are now sold at 23,800-24,300 yuan/ton, a correction of 200-300 yuan/ton from the beginning of last month. Some weaving mills even took advantage of the price of cotton yarn to bargain drastically, cutting the price of 40 carded cotton yarn to 23,500 yuan/ton, which is unacceptable. At present, for textile companies that generally use reserve cotton, the appropriate price adjustment is just that the profit margin has been compressed, and it has not yet reached a loss.　　 The real headache for textile companies is the increase in the number of payment in arrears downstream, which greatly affects the liquidity of textile companies’ funds and puts considerable pressure on the normal production of textile companies. It is understood that some small-scale textile mills have been owed millions of payments by the downstream, while a few large-scale textile mills have been owed millions of payments by the downstream. Article Keywords: 　Cotton Cotton Yarn