Cotton Prices In The Near Future Are Also Limited To High Quality Cotton.

Recently, a cotton trader in Cangzhou, Hebei said that the spot 3128B class price was 12250 yuan / ton, and the 3128C level was 11900 yuan / ton, which rose 50-100 yuan / ton compared with last week.

"There are still more than 30 tons in hand.

The quality is too good to be sold, "the cotton trader said." this week, there are three.

Enquiries from him, though because of the small number and high price, failed to conclude the paction, but he believed cotton spring's footsteps were approaching.

Coincidentally, the head of a ginning factory in Binzhou, Shandong, also reflects the fact that in recent days, the quality of cotton produced locally and in Xinjiang has suddenly become active.

As of that day, the person in charge of the 2128BS2 grade Xinjiang hand picked cotton came out of the warehouse at a price of 12650 yuan / ton, and the 3128B class price was 12400 yuan / ton, compared with last week's increase of 50 yuan / ton.

At present, there are at least 1 million tons of cotton in Xinjiang in the Yellow River basin (commercial stocks, the same below), and less than 500 thousand tons of real estate cotton.

Many people in the industry say that there are two characteristics of the "remaining" cotton market in the near future: the first is the large quantity; the two is the poor quality.

A friend of Hebei cotton circle said that cotton is still short in cotton and ginning plant warehouses, with poor consistency, high horse value and lots of impurities.

"We observe, recent

Rising is also limited to high-quality cotton, poor cotton or not sold ", 12, a boss of a ginning factory in Dezhou, Shandong said, according to the current market situation, the whole cotton market has not yet recovered, the recent local cotton price rise is only a partial increase under the structural gap.

At present, the first worry is that such a rise will come down as the national cotton store goes out, and the two is worried that the spot will not be sold in the future.