Domestic Cotton Market Prices Fell Slightly

During the week, the purchase and sale of domestic cotton market was slightly active.

Among them, some cotton growers in the the Yellow River River Basin began selling the high-quality seed cotton stored in the early stage, and the purchase price of cotton seed and cotton seed was above 3 yuan / Jin, which rose by 0.05-0.10 yuan / Jin compared with the first half of January, and the cotton enterprises' purchasing amount increased to varying degrees. The sale situation of lint cotton had improved, the 3128 grade lint output price was 13000 yuan / ton, and cash spot trading increased.

The purchase price of seed cotton in the Yangtze River Valley is 2.90-3.10 yuan / Jin. At the end of the year, cotton growers have increased their psychological safety in bags, the enthusiasm for sale is higher, the listing of linseed is increasing, and the 3128 level price is 13100-13400 yuan / ton, and some cotton enterprises have slightly increased their quotations.

Xinjiang cotton sales are relatively late, and cotton mills are buying very little. The 3128 level Xinjiang cotton warehouse has a warehouse price of 14200-14300 yuan / ton, and some cotton traders are able to withdraw the funds, and the space can be raised to 150-200 yuan / ton.

Zhou,

Prices fell slightly.

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Mainly.

The demand for downstream textile mills is limited, and the purchase of cotton yarn is maintained with the purchase and purchase.

Near the Spring Festival, some textile enterprises are short of funds and eager to repay loans.

However, relative to the low cotton yarn market, the high and medium yarn and high cotton yarn market is stable, and the turnover is more smooth.

At present, most of the textile enterprises have made preparations for the Spring Festival holiday. Generally speaking, the number of large and medium-sized enterprises is the same as that of previous years.

Futures market, in January 22nd, by the decline of the peripheral market and the possible reduction of US cotton exports last week, the ICE futures contract in March sped up the previous day and was also low again. The industry is expected to consolidate the ICE before the USDA export report is released, and seek support at the 58 cents mark.

Zheng cotton has not yet got rid of the recent oscillation range, and domestic cotton business inventories have reached a high level in recent years. Some cotton enterprises are reluctant to sell high quality cotton and keep cotton up. The textile downstream market is not selling well. The enterprises close to the year begin to arrange holidays, and the raw materials are bought and used.

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