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US Restrictions On Imports Of Cotton Products In Xinjiang Are Expected To Be Affected
This week, zhengmian 2105 contract period price fell to a high level, with a weekly decline of 2.85%.
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The domestic epidemic situation and the news that the United States restricted the import of cotton products in Xinjiang affected the expectation of later demand.
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Outlook for the future: due to the control of the epidemic situation, many places in Hebei were closed, and the cotton purchasing and processing work of local flower factories were suspended, which further affected the actual processing capacity of some seed cotton enterprises in Shandong Province, and the supply of local cotton decreased.
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In the new year, cotton mills have been informed that the actual trading volume of imported cotton is expected to increase significantly. With the Spring Festival approaching, the downstream yarn will gradually enter the holiday mode, and its support for spot trading will gradually weaken. In terms of rotation, the current domestic and foreign cotton price difference is still higher than the standard price difference of 800 yuan / ton, so it is difficult to start short-term rotation.
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