Xinjiang Cotton Growing Well, Spot Prices Slightly Warmer
Recently, the weather in Kashi area of Xinjiang is clear and high, and the local cotton is growing well. Futures and spot prices were slightly warmer in the market, but the turnover was still relatively small. According to the survey, a small amount of buds in local cotton have recently emerged. At present, the plant height is 25-30 centimeters, and pests and diseases are slight.
In June 18th, the leaders of China and the United States made calls, and the US cotton and Zheng cotton rose sharply, and the global stock market and commodity market also rose to varying degrees. On Wednesday (June 19th), futures rose. Zheng cotton main CF1909 contract closed at 13880 yuan / ton Thursday, up 425 yuan / ton compared with the Monday closing price of 13455 yuan / ton. This week, the situation of cotton reserves improved, turnover rate and spanaction price increased. On Thursday, the average price of cotton reserves was 12947 yuan / ton, and the price of 3128B was 14174 yuan / ton. At present, the price of 3128/3129 pick up cotton pick up is 14200-14300 yuan / ton, and the 3128/3129 class pick up weight is 14400-14500 yuan / ton, the turnover is slightly better than that of last week.
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