Commercial Cotton Shrinkage And Increase In Price

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< p > November 1st, the national "a href=" http://sjfzxm.com/news/index_f.asp > cotton > /a > trading market commodity cotton trade clinch a deal of 29320 tons, 23400 tons less than the previous trading day.

Orders increased by 620 tons, totaling 18440 tons.

The average price of MA1311 is 20061 flat, MA1312 average price 19771 down 10, MA1401 average price 19572 down 7, MA1402 average price 19222 down 71, MA1403 average price 19090 increase 8, MA1404 average price 19000 is flat.

Today's contracts for commodity cotton trading vary widely, with a narrow fluctuation within the day.

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< p > > a href= "http://sjfzxm.com/news/index_s.asp" > commodity cotton < /a > trading has the following characteristics: first, the volume of pactions has been greatly reduced; on the same day, the turnover of MA1402 and MA1403 has been greatly reduced, respectively, which has been greatly reduced by 15660 tons and 5740 tons respectively compared with yesterday, and other contracts were also reduced by 20-1180 tons respectively.

Two, with the increase of orders, the MA1401 and MA1403 contracts increased by 600 tons and 20 tons respectively compared with yesterday's orders. The rest of the contract orders were flat compared with yesterday's.

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< p > domestic market: the fiber inspection bureau of all parts of the country is more and more strict in the "rake cotton" surprise inspection. The market reaction has slowed down in some areas, and cotton farmers are eager to sell cotton without buyers.

International market: the export data of the US cotton export are favorable, which boosted the ICE cotton rebounding, but the supply pressure of the external market is still forming pressure on the international cotton price.

Overall, the recent market sentiment continues to be weak.

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< p > < strong > related links < /strong > < /p >

< p > the national cotton exchange market and the international cotton association signed a cooperative memorandum < /p >

< p > October 24th -25 day, the international a href= "http://cailiao.sjfzxm.com/Matertial/show/default.aspx" > Cotton Association < /a > 2013 will be held in Liverpool, UK. Representatives from more than 500 cotton industry from more than 40 countries and regions of the world attended the meeting.

Yang Baofu, deputy general manager of the national cotton trading market (hereinafter referred to as the "trading market"), was invited to make a speech at the meeting. He introduced the basic idea of building a comprehensive service platform for imported cotton in the trading market and the assumption of the next step of internationalization.

During the meeting, the trading market and the international cotton association signed a memorandum of cooperation on the principle of equality, mutual benefit and friendly cooperation.

The two sides agreed that they will conduct in-depth cooperation in the field of trade rules, cotton trade training and business promotion in the future.

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