Cotton Spot Electronic Disk Is Weak, The Market Atmosphere Is Not Good.
March 10th Goods in stock The quotation is stable, but the spot quotation in some areas has been reduced. In the past two days, the electronic disk has been rising steadily, and the atmosphere in the market is not good. The enterprises or cotton traders who have large inventory in the stock market are trying to reduce sales.
In the survey of cotton enterprises, we know that most enterprises still have confidence in the market outlook, and the psychological price of enterprises can be selected at about 32000-33000 per ton.
High grade cotton is hard to find at present.
Textile mill
The purchase of imported cotton or Xinjiang cotton is not very keen on real estate cotton.
In March 10th, China's cotton price refers to (CCIndex328) 31221 yuan / ton, down 20 yuan, and the average price of 527 grade cotton to plant is 28209 yuan / ton, up 13 yuan.
Domestic cotton spot prices continue to rise, but not many deals.
At present, the main factors restricting the development of the market are in the downstream market. The market of the whole cotton yarn is still not improving. The pure polyester yarn market is stable, and the cotton yarn market is weak.
At present, cotton prices are running at high prices, and domestic and international futures prices fluctuate sharply, and enterprises' sense of risk is enhanced. In addition, the amount of cotton exports to the port in recent years is more. Textile enterprises are becoming more nervous, and the enthusiasm of raw materials purchasing is generally not high. While many cotton traders have accelerated their shipping speed and willingness, the pressure on domestic cotton prices has increased earlier than before.
suffer
ICE futures
China's main port quotas fell by 5-8 cents, while the number of individual varieties dropped by more than 10 cents.
In recent times, textile enterprises are generally watching because of the sharp fluctuations in cotton prices.
Foreign analysts believe that although the US cotton exports are very smooth this year, some contracts may be pferred to the next year due to actual supply and shipment, which will affect the future paction.
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