Hubei'S Current Cotton Purchase Shows "Three High"
In September 19th, the cotton warning system in Hubei province investigated the acquisition situation of new cotton in all parts of the country.
Price
High, two is high water, three is high risk.
In mid August, there were sporadic cotton in Hubei province.
list
The price of 3.6-3.8 yuan / jin (more than 15% of water) in Caidian area has been astonishing. But in the past month, the purchase price has been rising steadily. Looking back at that time, the price has been low. At present, the highest price in the province has reached 4.65 yuan / Jin.
It is understood that many enterprises have relaxed the water standard, cotton within 15% of the normal standard, and still more than 20%, and some strict management of enterprises can no longer "follow the market" will adjust the 10% standard to less than 13%.
Everyone in charge of cotton prices has shown concern about the market outlook, which is uncertain and the price is rising.
Management
The risk is increasing.
The rising price of reserve and futures has supported and contributed to the rise of the purchasing price. At present, the price of the rising rainbow is the true expression of the relationship between supply and demand, or is it true?
market
Speculation is rising, which is worth pondering and exploring for cotton enterprises.
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