Recent Domestic Cotton Market Announcement

Yesterday, the purchase and storage stipulated that the price was 12600 and increased the number of storage and purchase. Therefore, more than 10 minutes after the purchase and storage started, the total amount of storage and withdrawal was completed. According to the two days' storage and storage quantity, the planned storage and storage of 220 thousand tons will be completed by 170 thousand tons today.

Today, cotton spot prices continue to go down, buying and selling are not flourishing, prices are low, and there is no market price.

In today's market, there is a big fluctuation in the trading volume. After closing, trading volume has increased.

Seed cotton purchase price has always been the status of hovering, some areas in the past two days, a small increase, but still the following fall, most of today's seed cotton purchase reference price 328 level 2.53 yuan / Jin, the purchase price is also around this price hovering.

Now, Hunan, Jiangsu and other places still have not started the acquisition of cotton enterprises, Xinjiang's acquisition of the mainland does not seem to be a big reflection.

Recently, the state is also collecting soybeans and rapeseed, so the price of cottonseed oil has been more stable recently.

A group leader in Jiangsu said that considering the global financial turmoil, the consumption of textiles and clothing in Europe and the United States is expected to be further reduced. "The situation in the next half year is probably the worst. We are adjusting the yarn proportion to minimize the amount of cotton used to reduce costs."

He said the company's cotton inventories have dropped sharply, and the current stock can support less than a month's production. In the past, the company usually stockpiles cotton for about 3 months.

Small businesses have lower cotton reserves, almost all of them.

In Shandong and other places, textile enterprises reduce production 1/3 is normal.

The volume of cotton by-products paction is sliding down in a row, and the market price also shows a steady and falling trend due to lack of support.

In October 22nd, domestic cottonseed stopped its rebound and dropped slightly.