Cotton Spot Support Was Tested &Nbsp, The Market Has Not Stopped Yet.
at home and abroad cotton Electronic disk continued to fall, the spot support was tested, some enterprises quoted price did not move but actually began to price reduction, the price of outside port was also reduced by about 500-1000 yuan / ton compared with the previous day's high point, Xinjiang cotton quotation remained firm, cotton merchants wanted to sell mentality increased, but it was also selling while watching.
In recent years, drought in the northern cotton area has resulted in a reduction in winter wheat production. Some of the areas with no harvest have the possibility of replanting cotton.
Unginned cotton
Purchasing price.
After the holiday, the price of seed cotton did not fluctuate substantially. Although there was a slight increase, there was still a lot of seed cotton in the Hebei and Henan provinces, and other cotton areas were sporadic.
Today, China's cotton price refers to (CCIndex328) 30365 yuan / ton, up 3 yuan, 527 cotton to plant average price 27577 yuan / ton, up 8 yuan.
24, cotton spot prices continued to remain strong.
Due to the current domestic and international stage,
Goods in stock
The market has not stopped yet, and the spot price difference between cotton and domestic cotton has shrunk, and textile enterprises have wait-and-see sentiment in raw material procurement.
As the upstream cotton and cotton yarn increased, the price of grey fabric increased, and the price of cotton fabric increased.
Due to the fall in futures prices, the acquisition of domestic cotton acquisition enterprises is cautious, and some enterprises have stopped buying.
In February 24th, the price of China's main port of imported cotton continued to drop by nearly 4 cents, while the price of the discount port was about 36000 yuan / ton. The price at the highest price dropped by about 3000 yuan, and some domestic traders' foreign cotton spot quotes were 33000-34000 yuan / ton, and the price difference with the real estate cotton was reduced.
However, due to the current domestic and foreign period, the spot market still has not stopped falling, the buyers and sellers are still watching, so the resumption of trade in imported cotton will take some time.
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