Xingtai: Purchase And Storage Policy Landing Cotton Spot Quotation Firm

There is no big suspense on the policy of State purchasing and storage. The cotton spot market in Xingtai, Hebei remains stable. Cotton enterprises continue to focus on sales, and seed cotton purchasing is progressing steadily.

The state only stores and stores Xinjiang cotton, which is not related to the real estate cotton in the mainland. However, the state receives and stores some of the market resources, which is undoubtedly a certain support for the market. According to the quality requirements of the state's purchase and storage, only high-grade Xinjiang cotton can be stored and sold, although it is sold on a downward auction, but because of the wide sales channels of high-grade resources, it is first of all favored by textile enterprises, followed by more sales in the futures market. Therefore, the relevant cotton enterprises are expected to meet the requirements of Xinjiang cotton, which will meet the requirements of the storage standard. Affected by the impact, local cotton enterprises have also maintained firm prices for spot quotas, with sales quotas at 12900-13100 yuan / ton (gross weight since the carrying price).

At present, the cotton picking work has ended, and cotton farmers have entered the winter to relax their farm work for the sake of safety, and the enthusiasm of cotton farmers has increased. However, when the purchasing intention of textile enterprises has not been further increased, cotton enterprises continue to be cautious about seed cotton purchase, seed cotton purchase prices remain stable, but the quality requirements for seed cotton have been improved.

Despite the fact that China's cotton importing policy has been established, there are still large variables in the Sino US trade negotiations. The cotton market has been greatly affected by it. Local cotton enterprises said that although they are optimistic about the spot market of high-grade cotton, the pressure of storage will be greater. They will not speed up the acquisition process, nor will they store up goods for sale. Instead, they will continue to widen their sales channels and go on sale with the market.