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    Cotton Spot Price Weakness Fell &Nbsp; Seed Cotton Purchase Price Generally Downward.

    2011/10/22 11:09:00 30


    Cotton spot

    Price

    Weak down, cotton seed everywhere

    Buy

    Prices are generally down by 0.05-0.1 yuan / kg.

    Cotton grower

    It's hard to accept.

    At present, the cotton picking capacity of the main cotton producing areas has exceeded 80%, but the sales volume is less than in previous years, and seed cotton purchase is relatively stagnant.

    In the downstream textile market, the turnover of cotton yarn products is still on the decline. Even if the products are sold out, most of them will be settled on the basis of the acceptance draft. The extension of the accounts will undoubtedly increase the financial pressure of the textile mills.


    China's main quotas for imported cotton continued to decline slightly, while West African cotton and Australian cotton rose slightly.

    In the past two days, the quotations of cotton quotations had not changed much and remained relatively stable.

    For textile enterprises, inexpensive cotton is not much, and domestic high-grade cotton is also on the market.

    Judging from the current situation, the new high-grade cotton in the United States will arrive in Hong Kong after November.


     
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