Cotton yarn prices fell by more than 1,000 yuan/ton from the beginning of March. 'May 1st' holiday should be advanced

According to the news from the Anhui Monitoring Station of the National Cotton Market Monitoring System, through surveys of cotton textile enterprises of different sizes in Anhui Province, due to the impact of the new crown pneumonia epidemic, the sales price of cotton yarn has fallen sharply in the past month. The survival pressure of cotton mills is highlighted.　　 The global spread of the new crown pneumonia epidemic has caused the cancellation or withdrawal of textile and apparel export orders, a large backlog of textile factories, and cotton yarn sales. Since mid-March, cotton yarn sales prices have opened a downward channel, falling all the way and falling endlessly. At present, the selling price of 32 carded cotton yarns has dropped to 18,600-18,800 yuan/ton, and the selling price of 40 carded cotton yarns has dropped to 19,500-19,800 yuan/ton, both down by more than 1,000 yuan/ton from the beginning of March. Prices are falling and sales are flat. Except for a few factories that produce marketable products such as sanitary materials, most manufacturers have very few orders and they are all urgent orders, quick orders, and small orders. Most of the products are in a state of priceless and no market. The sharp decline, especially since the beginning of April, has made cotton yarn sales more and more difficult. The cotton yarn sales of some small factories seem to be 'pause' pressed by the next.　　 According to the person in charge of a small factory in Anqing, it is already very difficult to ship cotton yarn, and the next shop will not have the goods at all. The sales manager of a cotton spinning factory in Chizhou said that the daily sales of cotton yarn in the factory accounted for only half of the cotton yarn production. The gradual increase in cotton yarn inventory has brought increasing difficulties in working capital, and most cotton spinning mills are facing pressure to survive. Although cotton and cotton yarn futures prices have risen in recent trading days, cotton yarn sales prices have temporarily stopped falling and stabilized, but sales have not improved. Cotton spinning mills are generally pessimistic about the market outlook, and many factories are considering putting a 'May Day' holiday in advance. The holiday is appropriately extended to 7-10 days. Article Keywords: 　 Cotton Yarn Price