Price Difference Narrowed Inside And Outside The Cotton Spot Trading Rebound

In recent days, some cotton traders and processing enterprises have responded to the enquiry, and the cotton mills and middlemen who have seen the goods are warmer than in the middle of 3. On the 14-15 th of April, the "double 29" hand picked cotton weighed 11800-12000 yuan / ton (Akesu, Korla, etc.) in the southern Xinjiang regulatory library. The 21 level was borne by the seller and the buyer of the train outbound cost. The "double 28" machine made a cotton price of 11250-11400 yuan / ton, and the difference between Xinjiang and the same grade was reduced to 200-300 yuan / ton.

For Xinjiang cotton spot inquiry, transaction bottoming out reasons, the industry generally believe that there are the following points: first, since March 25th, Zheng cotton volatility sharply narrowed, the main contract continued in the 10500-11300 yuan / ton body consolidation, buyers and sellers panic subsided; two, with the domestic epidemic has been completely curbed, downstream cotton textile factories, garment enterprises resume work and speed up production (yarn) Cloth production and sales gradually returned to normal track, 2-3 months, the depressed purchasing demand gradually released; three, institutions and cotton enterprises generally believed that Zheng cotton had bottomed out, and the bottom line mentality appeared; four, traders and cotton enterprises in March not only increased the strength of New Zealand cotton shift, but also made a large number of bids or basic offer (including some electronic platforms); in addition, some traders allowed the arrears to pick up goods and could be selected for 1-3 months. Accounts or domestic letters of credit and other means of settlement, to reduce the burden of cash flow for buyers.