Domestic cotton prices have steadily increased

Domestic cotton prices rose steadily. The new year cotton storage plan will start from September 1, the fixed price of 19,800 yuan / ton, open unlimited purchases. The strong intervention in the plan is the decisive factor in the recent rise in the price of cotton. In addition, the sales price of all-cotton yarns has also stabilized and it is relatively smooth to take the goods.

The quoted price of imported cotton in the main port of China fell again, most of the varieties fell by 2 cents, Brazilian cotton and Indian cotton fell by 1 cent and 0.25 cents respectively. It is understood that the spot trading of cotton in recent days has risen and waned along with the quotations volatility. The cotton traders have reflected that under the guidance of the closing price, the spot price will not rise or fall. With the beginning of the new year's storage and collection work, the closing price will become the focus of the market and the reference of domestic companies. However, the trend of international cotton prices is relatively independent from the previous period, and the trend of the internal and external periods and the spot market may not be the same.

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