Cotton Textile Enterprises In Anhui Continue To Increase Inventories

According to the China Cotton Textile Industry Association visited the Anhui area to investigate and visit enterprises to produce pure cotton medium and low count yarn, the production of cotton for Xinjiang cotton. Affected by the Sino US trade friction, enterprises have been running a lot of pressure this year. Orders have decreased significantly compared with previous years. Orders for old customers at present are short-term orders, and most enterprises have an opening rate of about 70%, and inventories continue to increase. In order to reduce inventory, return funds, and cotton prices continue to fall in the early stage, the yarn has been sold for several times, and profits have dropped sharply.