A Weaving Enterprise Mark Down Its Lint Cotton Purchase Price

Today a weaving enterprise in Shandong Province marked its third class lint cotton purchase down by 1500CNY/t to 22000CNY/t. But not quote to the outer, pricing according to quality. The forth class lint cotton price is stable temporary, grade 429 was quoted at 21400CNY/t, grade 427 was quoted at 21000CNY/t. Domestic lint cotton is in the situation of high price but little sales volume. In the former period, most cotton reserve enterprises suffered the loss and the downstream weaving plants stops production one by one, which shelter a cloud to the cotton price. We believe, whether lint cotton price will go up or nor, it also depends on the yarn price and marketing.