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High Price Open Scale Corresponding To Civil Cotton Instead Of Spinning Cotton
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? ? ? During the week, Hami and Turpan in eastern Xinjiang, Bachu and Maigaiti in southern Xinjiang successively reported new cotton trading prices, ranging from 9.0 yuan / kg to 10.90 yuan / kg, all of which were hand picked. Cost logic once again took the upper hand, but such transactions were mainly cotton processing. ?
After autumn, it is necessary to buy some cotton wadding to cover the bed quilt. However, cotton wadding only accounts for a small part of cotton consumption. The huge demand for spinning cotton guided by cotton lint price is putting the cart before the horse.
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This kind of cotton high open scale price in addition to more determine the original high open scale expectations, the calculated cost value has no guiding significance for the spinning cotton market.
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From the perspective of next week's market, Xinjiang machine picked cotton is still in the defoliant spraying stage, picking still takes 10-15 days, the cost is still in the expectation, and whether the demand is improved is still unknown. In addition, policy restraint, long space game, or maintain wide range of shocks, the upper and lower space is limited.
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The new cotton market in 2021 has been given a mysterious color by the industry, and the height cost is expected to provide strong support for it. A surge of new cotton harvest before and after the listing is also a big probability event. Longzhong is still optimistic about the medium and long-term trend, but whether the latter way can be accepted will determine how far the rising market of cotton can go. Let's wait and see, and be more cautious.
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2021/9/7 15:16:00
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