Domestic Cotton Prices Rebounded
Recently, the state has obviously strengthened the opposition. cotton and Spin Market policy regulation and control, the current domestic 1 million 220 thousand tons of cotton purchase and storage plan has been completed more than half.
The latest (from November 21st to 28th) Bulletin released by China Cotton Association shows that domestic cotton prices rebounded, and the sale price of lint rose for 5 consecutive days, and seed cotton purchase prices remained basically stable.
At present, Inland cotton seed The purchase price remained relatively stable, and the purchase price of cotton in Xinjiang, especially the production and Construction Corps, increased. Some market analysts said that under the pressure of relatively large supply pressure in the cotton market, domestic cotton prices could hardly rise, and the policy adjustment and control of the cotton market could not be relaxed.
In addition to continuing to expand the quantity of cotton storage and purchase, reduce market supply and boost market confidence, it is issued rhythmically. cotton Importing quotas and controlling the quantity of cotton imports are also important measures to protect the domestic cotton market. At present, the fragile cotton market that has just stabilized in China can not withstand the impact of large quantities of imported cotton.
Editor: vivi
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