The Decline Of Foreign Cotton Aggravates The Trend Of Zheng Cotton'S Purchase And Storage.
The European debt problem caused commodity price turbulence, compared with the purchase and storage of cotton.
Price
Its support is far smaller than other varieties, indicating that the state's support for purchasing and storage is very strong.
However, due to the recent slump in global cotton demand, the decline in cotton prices has intensified. The cost of imported cotton in China has further decreased, with the price of US cotton to port 1% under the tariff of 18500 yuan / ton, India.
Cotton newspaper
The price is 16000-17000 yuan / ton, and the price of Australian cotton which has been imported more recently is lower than that of the national reserve price of 500 yuan / ton.
Low price cotton no
It has reduced the driving force of domestic cotton prices.
Cotton sales in the domestic market are still slack. Cotton producers who are eligible to pay are selling cotton through storage channels. Compared with the 200 cotton enterprises, they are unable to pay for their storage.
The cold market of Zheng's cotton market is thick and the trading is still dull.
Zheng cotton main contract in December around the 20300 yuan / ton central range narrow oscillation operation, the direction is not clear, in the domestic demand can not improve, the market does not have enough weight factors to break the zhengmian shock market, investors are concerned about the late purchase and storage progress.
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