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Xinjiang Cotton Prices Are Now Rising, "Point Price" Sales Are Not Smooth.
In June 18th, President Xi Jinping and the president of the United States made an ordinary call with the president of the United States. The two sides were willing to hold a meeting during the summit meeting of the leaders of the group of twenty. Osaka's ICE and Zheng cotton nights rose sharply on the 18 day.
19 day traders, ginning plants, lint base sales price, spot price and "one price" are reported to varying degrees, and the confidence of the cotton enterprises continues to recover. However, due to the failure of the cotton enterprises which failed to cover or fail to guarantee the sale (flat space but not synchronized sale spot), the increase in spot prices intensified the selling spirit of the cotton mill. Korla, Akesu and other cotton enterprises reflect Zheng cotton CF1909 contract exceeded 13500 yuan / ton, "point price" resource turnover, the rapid decline in warehouse (including warehouse receipts), textile enterprises, intermediaries pickup enthusiasm has dropped significantly.
On the 19 day, the 3128/3129 level machine picked cotton (fracture strength 26-27cN/tex) was quoted for 14200-14300 yuan / ton, the 3128/3129 grade hand picked cotton (fracture strength 26-27 cN/tex) and 14400-14500 yuan / ton of public weight pick-up, and the "double 29" pick up price of cotton pick up cotton in North Xinjiang was 14600-14700 yuan / ton. Henan, Shandong, Jiangsu and other mainland "double 28" hand picked cotton pick up price 14700-14800 yuan / ton, the inland bank "double 29" machine picking cotton price is generally in the 14800 yuan / ton (impurity 2.5% below), the quotation is 300-400 yuan / ton more than the previous day (all point price Sales). It is worth noting that since the beginning of this week, the average daily price of cotton reserves has risen significantly.
19 day traders, ginning plants, lint base sales price, spot price and "one price" are reported to varying degrees, and the confidence of the cotton enterprises continues to recover. However, due to the failure of the cotton enterprises which failed to cover or fail to guarantee the sale (flat space but not synchronized sale spot), the increase in spot prices intensified the selling spirit of the cotton mill. Korla, Akesu and other cotton enterprises reflect Zheng cotton CF1909 contract exceeded 13500 yuan / ton, "point price" resource turnover, the rapid decline in warehouse (including warehouse receipts), textile enterprises, intermediaries pickup enthusiasm has dropped significantly.
On the 19 day, the 3128/3129 level machine picked cotton (fracture strength 26-27cN/tex) was quoted for 14200-14300 yuan / ton, the 3128/3129 grade hand picked cotton (fracture strength 26-27 cN/tex) and 14400-14500 yuan / ton of public weight pick-up, and the "double 29" pick up price of cotton pick up cotton in North Xinjiang was 14600-14700 yuan / ton. Henan, Shandong, Jiangsu and other mainland "double 28" hand picked cotton pick up price 14700-14800 yuan / ton, the inland bank "double 29" machine picking cotton price is generally in the 14800 yuan / ton (impurity 2.5% below), the quotation is 300-400 yuan / ton more than the previous day (all point price Sales). It is worth noting that since the beginning of this week, the average daily price of cotton reserves has risen significantly.
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