Cotton Market Spot Trading Contracts Are High Open Average Price Rise

Yesterday, the whole country

Spot trading in the trading market reached 69240 tons, an increase of 9340 tons compared with the previous trading day.

The order volume increased by 4210 tons today, with a total order of 41680 tons.

Today, spot contracts are open and narrow, and average price is rising.

Spot trading on the spot has the following characteristics: first, the volume of pactions increased, the volume of contracts increased in recent months. The main trading is still in the MA1602 and MA1603 contracts, and the performance of other contracts is slightly weaker.

Two, the order quantity increased, MA1512 orders increased substantially in recent months, and other contracts held positions.

As at 0 December 15th

Cotton professional storage progress shows that the cumulative processing capacity of 3 million 248 thousand tons, accumulative total storage capacity of 3 million 53 thousand tons, the largest daily booking volume reached 92 thousand and 300 tons.

The spot market continued to adjust, and the turnover was sporadic. The mainland 3128B class price was 12900-13100 yuan / ton, while the 3127B grade price was 12200 yuan / ton, the low quality buyer intention was scarce, the price fell down, and the good quality.

Because of the small quantity, the textile enterprises slightly hoarding goods, the polarization continues.

However, the price of Xinjiang's machine picked cotton is basically the same as that of the real estate in the hinterland, but the overall quality and spinnability are slightly better than that of the real estate cotton.

The partial adjustment of the whole cotton yarn market is due to the large difference in price between the cotton and the majority of merchants.

The overall start up of the cotton mill remained at about 60-65%, or declined later.