Cotton Prices Plummeted, Cotton Turnover Is Still Flagging.

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

Hunan Yueyang Hui Li Yuan commerce limited company manager Li told the reporter, "is 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 slump is really "muddled" for cotton traders.

Because this year, the domestic three class cotton price jumped from 12 thousand yuan / ton to 32 thousand yuan / ton at the beginning of the year, and hit the new high since 2003.

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.

It is understood that in November 18th, the domestic seed cotton purchase price generally fell 0.2 yuan / Jin, the price of cotton seed purchase reduced by 500 yuan / ton; 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, in November 18th, the cotton trading market of the national cotton trading market reached 29240 tons, compared with the previous trading day, which reduced by 14380 tons, the order quantity reduced by 2700 tons, and the total order quantity was 84740 tons.

In most parts of Shandong and Hebei, cotton basically stops collecting.

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.

Wang Qian, a senior textile analyst, analyzed that the main reason for the sharp drop in cotton prices in recent days was that

"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.