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Textile Company C32s Ring Spun Spinning Spot Profit Monitoring
On February 24th, the average price of 3128 cotton lint arriving at mainland factories was 16,880 RMB/ton, up 540 RMB/ton; the price of 32s pure cotton ring-spun yarn was 21,900 RMB/ton, unchanged; spinning profit was -2,243.88 RMB/ton, down 594 RMB/ton; raw cotton prices surged significantly, leading to a substantial decrease in the immediate spinning profit for textile companies. (My Steel Network)