The Cotton Market Is Stable, Waiting For The Results Of Sino US Trade Negotiations.
While the domestic atmosphere is still quiet, the US trade negotiation team has rushed to Beijing for further consultations on trade issues. The current domestic market is relatively stable, waiting for the results of further consultations between the representatives of China and the United States.
As of February 10th, Xinjiang had accumulated 5 million 40 thousand tons of lint.
The sale price of the 3128 class machine gross weight is about 15700 yuan / ton, basically unchanged from the pre holiday period. With the addition of cotton reserves and imported cotton, the supply side has no longer become the focus of market attention. Next, the outcome of the trade negotiations will be the protagonist of the market in the future.
(Xinjiang office Wang Lisheng)
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