Spot cotton prices continue to fall

On the 26th, macroscopically, the current economic growth rate and inflation both declined, and Premier Wen's speech marked a role when monetary policy has been turned. In terms of fundamentals, the spot price of cotton continues to fall. The sales of textile companies are not smooth. On-demand purchases enter the mid-to-late October. The listing of new cotton should have entered a peak period. However, the reality is that the ginners are not willing to acquire the farmers. The low price for reluctance to sell, cotton prices by the high yield, lack of downstream demand, capital constraints, three big mountains constraints, there is almost no possibility of substantial increase, the latter part of the overall will maintain a narrow range of oscillation.

The price of imported cotton in China's main port continued to rise, with Australian cotton, Brazilian cotton and Central Asia cotton rising by 1.5-1.7 cents, West Africa Cotton and American Cotton by 0.75-1 cents, and Indian cotton prices unchanged. Although the price of foreign cotton is firm, it cannot hide the present status of light spot trading. It is understood that foreigners are generally not optimistic about the late international cotton prices, and recently increased the sales of bonded cotton.

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