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Hebei: Spinners encouraged by increased inquires

Hebei: Spinners encouraged by increased inquires

Write: Turner [2011-05-20]

CNCotton: Local resources have confirmed an increase in inquiry during the past two days in Wuqiao, Hebei province. While market still has a long way to go to see a recovery and trading of cotton byproducts are rather slow, any minor move in the market will greatly encourage the cotton enterprises.

One cotton enterprise is said to have delivered more than 200 tons this week with T229 at 14,400 RMB/ton and T329 at 14,150 RMB/ton. Mills from Shandong and Jiangsu are also sending people to seek potential supplies in Qiuxian.