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    Jiangsu Xinghua Xinjiang Cotton Cost Reduction, Real Estate Cotton Prices Stable

    2008/7/5 0:00:00 177

    Recently, the long-running Xinjiang cotton railway pport subsidy rumor was finally implemented. The specific content is that the central government has subsidized Xinjiang cotton for pporting to the mainland sales area, with a subsidy of 400 yuan per ton, regardless of grade and length.

    This policy reduces the cost of Xinjiang cotton and may impact on the price of real estate cotton, which eventually eliminates the two consecutive slight increases in spot prices, which brings joy to cotton enterprises, and further makes Xinghua's cotton market in Jiangsu struggling.

    However, judging from the current situation of the spot market in Xinghua, Jiangsu, although the railway pport subsidy policy makes Xinjiang cotton price advantage appear, but because of the local spot resources decreasing, the local cotton enterprises have little sales pressure, so the local cotton enterprises will not sell the lint resources with high grade and low inventory.

    In July 3rd, the price of the local 2 grade lint was 14200 yuan / ton (with tickets, net weight, cash settlement, the same below), the 3 level was 13900 yuan / ton, and the 4 level was 13300 yuan / ton, all of them were stable.


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