The Price Dropped Sharply And The Turnover Was Limited &Nbsp; Cotton Price Was 28000 Yuan To Meet The Support.

"There are many people who come to see the goods, but they are very few."

Yesterday (November 18th), manager of Hunan Yueyang Hui Li Yuan commerce limited company told the "daily economic news" reporter, "very difficult to sell".

Mr. Li's company is a trading company that produces, processes, and sells. There are a lot of cotton in the warehouse, which is purchased at 30000 yuan / ton. "But in recent days, the price is 27 thousand, and there is no spot turnover."

The market is sluggish.

But after the last weekend, cotton prices rose abruptly.

The "turning point" appeared on the 12 day.

Within a few days, cotton price has been reduced to 32 thousand yuan / ton and has dropped to 27 thousand yuan / ton.

According to the data provided by China textile net, in November 18th, the purchase price of domestic seed cotton generally dropped 0.2 yuan / Jin, the purchase price of cotton seed was reduced by 500 yuan / ton, and the cotton price index continued to decline.

With the sharp decline in cotton prices and the gradual decline in volume, a wait-and-see sentiment is growing in the market.

A cotton trader from Henan, who did not want to be named, told reporters that Zhengzhou's cotton futures prices have been down sharply in recent days.

Under this mindset, November 18th, the national cotton trading market.

But the industry generally believes that the current cotton prices still have room for decline.

"Cotton price trend continues to drop, and now it is not enough."

Manager Li judged this way.

But he thinks cotton prices will be callback this year, and will not fall below the psychological bottom line of 25 thousand per ton, but it will not strike a further $30 thousand mark.

The first textile network editor in chief and the textile industry senior analyst Wang Jin analysis pointed out that the main reason for the fall in cotton prices in recent days is the policy reasons, including the State Council's four measures to control price measures, and the underlying reason is that the cotton price in the early stage has gone up too fast.

"The price increase of 80% within 2 months can not be sustained, and appropriate callbacks are normal," Wang said, promising that long-term cotton prices will remain at a high level, judging from the imbalance between supply and demand, "the probability of falling cotton prices is low, and the gap between supply and demand of cotton is bigger this year."

He judged that the price of lint in the spot and futures markets would be larger when the price was 28 thousand yuan / ton.

Because the market has not become the mainstream cotton, despite the panic of bulk traders intensified, but the desire to sell goods is still limited.

As for the trend of cotton prices, the Ministry of agriculture is expected to enter the new cotton market later, and the price of international cotton will drop.