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Cotton spot price stability slightly fall for text
25, domestic cotton spot price stability slightly falls, cotton, FangQi purchasing enterprise not panic rise high enthusiasm, especially apparent, prompting portrait of inquiry started to increase instability of cotton, but offer gradually walk because of cotton yarn inventory pressure great, prices without change, overall weak relatively weak capital strength of small and medium-sized FangQi depreciate sales promotion be absent a few, short-term ginned cotton demand, or will release to obvious weak spot market can sustain standoff.
Textile mills, did not get better situation was the single most enterprise is to pick up again FangQi purchasing cotton, individual in even ginned cotton inventory is zero but no order situation, also not be eager to complement ginned cotton inventory, purchasing a negative attitude; Nearly two days RMB frequent fluctuations, this also record new historical highs again caused a textile mill concerns. Cotton enterprise quotation for low cut, continued high level cotton, cotton still offer strong; Cotton trader mentality for bullish market outlook further loosening, cotton business will not decrease, though shipment FangQi reluctant to take over, but in early spring spot transaction. Today China cotton price point to (CCIndex328) 30542 yuan/ton, fall 5 yuan, 527 level cotton to factory all valence 27578 yuan/ton, fall 2 yuan.
Source "Chinese textile nets"
Edit: Emma