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Textile Company C32s Ring Spun Spinning Spot Profit Monitoring
On March 4th, the average price of 3128 cotton lint delivered to mainland factories was 16,830 RMB/ton, down 50.00 RMB/ton; the price of 32s pure cotton ring-spun yarn was 22,500 RMB/ton, unchanged; spinning profit was -1,624.88 RMB/ton, up 55.00 RMB/ton; raw cotton prices declined, and spinning companies’ spot profit increased. (My Steel Network)