Textile Enterprises Continue To Work In Cotton Spot Quotes To Maintain More Pre Holiday Prices

At the beginning of today's seven, the festive atmosphere gradually dispersed, and cotton enterprises began to start up and downstream businesses. Some cotton traders began to offer quotes. At present, cotton prices have not changed much before the Spring Festival, and textile enterprises are still returning to work.

In the seed cotton market, the cotton seed sale was basically in a state of stagnation during the Spring Festival, and most of the new cotton had already been sold. Only a small number of cotton producers were planning to sell again after the market had improved.

According to the purchase and sale data released by the national cotton market monitoring system before the end of the year, the national sales rate as of February 1st was 96.8%.

In the spot market, cotton enterprises will start construction in recent days, and mostly after sale.

According to the national cotton market monitoring system data, the national processing rate is 98%.

Some cotton traders have begun to offer quotations during the festival. Because of the strong festive atmosphere on the market, the price of the price is still much higher.

Xinjiang cotton 3128 level quotation at 15600-16000 yuan / ton, real estate cotton 3128 level quotation 15100 yuan / ton (gross weight, self mention).

In the futures market, during the Spring Festival holiday, the ICE main contract shock descended, from the highest price 74.85 cents / pound in January 31st to 72.53 cents / pound in February 8th, a drop of over 3%.

Under the stimulation of ICE, the weak adjustment on the first day after Zheng cotton festival in February 11th, dropped slightly after opening.

Textile market, because the textile enterprises generally have a long vacation time, the whole is relatively calm, at present, much has not started, and most enterprises have purchased some raw materials inventory before the Spring Festival.

As the textile market is showing signs of weakening demand and fierce competition, the textile market is still unclear and needs to continue to pay close attention to downstream demand.