January 15th is already the 21st day of the twelfth lunar month. Most parts of the country are getting colder, snowy, rainy and foggy. While bringing inconvenience to people’s work and life, the circulation of cotton and cotton by-products has also been affected.
People from cotton management and cotton spinning enterprises told the author that due to high-speed road closures due to snow, rain and fog, and provincial and county road restrictions causing icy roads due to grade conditions, the transportation of most non-urgent needs has been reduced. Or postpone the arrangement. Nantong and Yancheng, Jiangsu have been experiencing mainly cold, rainy and foggy weather for the past half month. Local textile companies with about 20,000 spindles normally purchase about 150 tons of cotton per month. Under the influence of this adverse weather, some companies may have “surplus grain” in their inventory. “, or purchase some local resources in the surrounding areas, and remote procurement and transportation are suspended.
It is understood that most local small businesses consume 3-5 tons of cotton per day and only have about a month’s worth of raw materials in stock for processing. In addition to worrying about sudden changes in market conditions, companies are also preparing for a drop in prices. This section considers risk reduction. Of course, the abundant supply of cotton has long dispelled enterprises’ concerns about raw material security.
The interviewed companies said that there are still more than ten days before the Spring Festival, and most of them are in the end of the year-end business. They have no plans to purchase large quantities of cotton resources, but they will adapt to replenishing positions depending on the order status. normal. Therefore, if the weather clears up in the future, most companies will still arrange purchases and reserve sufficient raw materials for post-holiday driving. The quantity will depend on the rate of resumption of work and the size of the order.
Analysts believe that there are not enough elements for drastic changes in the market around the Spring Festival, and there will be no big surprises in price rises and falls. The corporate psychology is relatively stable, and the main focus is on annual business collection and settlement, year-end work summary cashing, and employee management. Arrangements for annual meetings, holidays, and security. It is reported that in order to reflect the family affection of the Spring Festival and the humane care of enterprises and reduce the outflow of front-line workers from enterprises, non-local textile workers who work intensively in Dafeng, Dongtai, Haian, Qidong and other places will have a holiday before local workers. During the “Little New Year” “He set off back to his hometown to visit relatives and reunite before night (the day of the stove sacrifice).
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