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Textile Company C32s Ring Spun Spinning Spot Profit Monitoring
On February 13, the average price of 3,128 cotton lint delivered to factories in Mainland China was 16,340 yuan/ton, down 50.00 yuan/ton; the price of 32s pure cotton ring-spun yarn was 21,900 yuan/ton, unchanged; spinning profit was -1,649.88 yuan/ton, up 55.00 yuan/ton; raw cotton prices declined, leading to an increase in the immediate profit for spinning companies. (Mysteel)