High Quality Cotton In The Yellow River Basin And Yangtze River Valley Is More Sought After.

Recently, domestic cotton prices have risen slightly.

In April 11th, the factory price of 3128C cotton in a ginning factory in Shandong was 10500-11800 yuan / ton, up 100 yuan / ton compared with last week.

The person in charge of the plant said that the cotton was better sold in the near future. Some small textile factories in the local and surrounding provinces and autonomous regions were actively purchasing cotton, and some of them could pay 50-60% in advance. The balance was generally guaranteed within 30 days.

Therefore, the author thinks that the market is experiencing a slight rebound, and the reserve cotton is around the corner. It is expected that the domestic lint spot will continue to operate in a stable way in the short term.

It is understood that since April,

The quality cotton in the Yangtze River Valley is more sought after.

A Hebei cotton trader said that the current 2128B class Xinjiang hand picked cotton production price has reached 12750 yuan / ton, up 200 yuan / ton compared with the beginning of April, so some market participants believe that the cotton market will usher in spring blossoms.

I believe that the recent rise in cotton is the "self promotion" of a small number of manufacturers in some parts of the country, and the market has shown a trend of "rising to rest", which is mainly affected by the following two factors.

First, futures prices will still weaken and run against cotton lint.

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In April 11th, Zheng cotton futures ushered in a sharp rebound before the reserve cotton rotation. At the end of the close, Zheng cotton's main contract CF1609 closed at 10790 yuan / ton, up 415 yuan / ton.

But reserve cotton is about to turn out, the market is expected to rebound in limited space, futures prices will continue to weaken in the future, is not conducive to

Spot market.

Two, the rules for the storage of cotton wheels have not yet been released, and the market has a strong wait-and-see sentiment.

It is learnt that the relevant departments of the state are making specific measures to test the weight and quality of cotton reserves according to the situation reflected by enterprises, so as to make them more suitable for market demand.

At present, the market continues to wait for the news of reserve cotton rotation, lint spot trading is sluggish, cotton enterprises have strong desire to ship, but helplessness of sales situation is poor, procurement of textile enterprises is still cautious.