Textile Company C32s Ring Spun Yarn Spot Profit Monitoring

On March 31, Xinjiang 3128 ginned cotton delivered to factories had an average price of 16,507 yuan/ton, down 80 yuan/ton; Xinjiang 32s pure cotton ring-spun yarn prices were 23,100 yuan/ton, unchanged. Spinning profits were 482.02 yuan/ton, up 91.20 yuan/ton. In the mainland, 3128 ginned cotton delivered to factories averaged 16,980 yuan/ton, down 88.00 yuan/ton; mainland 32s pure cotton ring-spun yarn prices were 23,200 yuan/ton, flat; spinning profits were -1,095.38 yuan/ton, up 96.80 yuan/ton. With cotton raw material prices falling, the immediate profit from spinning for spinning mills increased. (Mysteel)

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