The current cotton prices make a person very entanglements, cotton sales impeded, slowly downstream market opened up to the upstream sales pressure accumulate. The recent market than domestic market lively cotton, big buyback cotton, cotton business in high price of recognition to southeast Asia, and other countries to repurchase quantity of concrete further attention the American cotton export weekly tonight. Enterprise mentality is entanglements, some die-hards traders insists the indentation between demand and supply problems continue bullish, but most traders started into action, active sales hand cotton, it is noteworthy that they are actively selling low level of cotton, the hand still exists the phenomenon of hoarding high. Today China cotton price point to (CCIndex328) 30547 yuan/ton, fall 23, 527 level cotton to factory all valence 27580 yuan/ton, fall 1 yuan.

24, domestic cotton spot price basic stability, grade 3 ginned cotton prices on 29,000-30,000 yuan/ton, clinch a deal between commodity market; Since march, the characteristics of slack season in textile industry has exposed completely, sales continued weakness, declines in prices more than yarn 1000 yuan of above, if late without effective relieve pressure products inventory, do not eliminate enterprise by a further ginned cotton procurement price possible. According to the severe inflation situation, is expected late countries will also increase the tightening policy efforts and wade cotton enterprise financial pressure will increase, adverse MianJia or higher.

Source "Chinese textile nets"

Edit: Emma