Cotton Enterprises Have Entered The Market One After Another.

Recently, cotton enterprises in southern Xinjiang have begun to buy scales, and there are differences in purchasing prices. Among them, cotton enterprises in Akesu have a strong wait-and-see atmosphere and are cautious in entering the market. The purchase price of Kuitun hand picked cotton in North Xinjiang is 5.5 to 5.8 yuan / kg, and the purchase price of machine picked cotton is about 4.5 kg. Due to the fact that the spot market is still not improving, enterprises generally formulate corresponding business strategies around the fluctuation of futures prices.

In recent days, the weather in Xinjiang is normal and the temperature has picked up. At present, there are not many cotton enterprises on the scales. Individual enterprises have started a small number of hedging operations in advance, and the machine picked cotton has been picking up. It is expected to enter the peak picking season in mid October. (national cotton market monitoring system Xinjiang Office)