Xinjiang: Zheng Cotton Price Rises, Enterprises Seize The Opportunity To Sell

Last week (January 25-31), Zheng cotton futures fell to 14735 yuan / ton, bringing replenishment opportunities to downstream textile enterprises. As of the eve of the Spring Festival, most textile enterprises have basically finished their stock preparation, but the indicators are good and it is still difficult to find low-priced goods. In addition, this year's lint cost support makes the possibility of deep price drop weaker. Recently, lint price rebound, just to be unable to sell enterprises to bring sales opportunities. As of February 5, the highest price of zhengmian was 15595 yuan / ton, and the enterprises seized no time to sell in order to avoid the possible risks brought about by the epidemic situation around the Spring Festival. At present, enterprises mainly focus on point price sales, and some lint with poor indicators also take the opportunity to sell, which also confirms that dealers have good expectations for the later market.