Cotton dumped to lower prices Hebei enterprises to participate in auction

The state decided to put the reserve cotton to the market (reporter Lianwi) "1th, we participate in the Reserve cotton auction, photographed more than 100 tons, will be more to shoot some."　　"Yesterday, Shijiazhuang Changshan Textile Co., Ltd. Operating department Minister Wu Xuesen told reporters. May 28, the newspaper reported a high price for cotton dumping, textile enterprises "hungry and wait and see" situation. May 31, the state authorities announced the adjustment reserve Cotton auction floor, from 12900 yuan per ton down to 12600 yuan.　　News, the enthusiasm of textile enterprises significantly increased, in addition to Shandong, some enterprises in the south, Hebei, some textile enterprises began to participate in the auction. According to Wu Xuesen Introduction, auction price down after the two days, to participate in the auction enterprises significantly increased, but also "more active," the volume of reserve cotton increased significantly.　　Before the price adjustment, reserve cotton reserves are eight thousand or nine thousand tons per day, the basic half of the flow, and from June 1 (auction price down after the first working day), the state increased reserves, the day reserves about 24,000 tons, turnover also increased substantially, to more than 17,000 tons.　　June 2, to participate in the auction of textile enterprises to reach 229, is the most of the day, the cotton reserves are increased to 29,000 tons, 14,000 tons of transactions. Changshan Textile Co., Ltd. 1st photographed more than 100 tons of cotton, is at 12,900 yuan/ton of the price of the deal, the equivalent of a bid before the bidding low price. This price is relative to the current market price.　　Wu Xuesen said, if the price is good, they will take a little more. For the adjusted price, the Provincial Textile association secretary General Shuping said, although the textile enterprises to such a price relatively can withstand, but still high, to accept the more arduous.