Cotton Spot Prices Continued To Fall By &Nbsp; Textile Mills Were Cautious In Purchasing.
domestic
Cotton spot
Prices continue to explore, textile mills
Purchase
Prudently, the parties are wait-and-see and the market is hard to sell.
Cotton traders continue to lower their quotations in order to secure the bag or to stop the offer against spot prices.
Textile mill
Inventory backlog is obvious, the largest inventory of textile mills in 2 months or so, capital pressure continues to increase.
Because Goldman Sachs expects weaker cotton market in the coming months, the international cotton electronic disk is under pressure. In April 19th, the average price of electronic matching and Zheng cotton in September fell below 28000 yuan.
In April 19th, China's cotton price was (CCIndex328) 29300 yuan / ton, down 11 yuan, and the average price of 527 grade cotton to plant was 26628 yuan / ton, or 14 yuan.
The domestic commodity market has a short atmosphere and domestic cotton spot.
Market quotation
It also remains weak. Cotton producers in some regions continue to slash cotton prices and market volume continues to slump.
The people's Bank of China announced that it had raised the deposit reserve ratio of deposit financial institutions by 0.5 percentage points again since 21. This is the fourth time the central bank has raised the deposit reserve rate this year. At the same time, it is also the tenth increase in the reserve ratio since last year. The tightening measures will not help the recovery of the gauze Market.
Same day
Unginned cotton
The quotation is relatively stable, but wait-and-see sentiment is strong, and there are few pactions.
The price of imported cotton in China's main port varied, West Africa cotton and India cotton increased slightly, and cotton, cotton, Brazil cotton and India cotton fell to varying degrees.
At present, the supply of foreign cotton has basically bottomed out in 2011/12, and the US cotton spot quotation is rare.
In terms of demand, textile companies are concerned about the price of new flowers, but the price of cotton is much higher than that of national cotton. Therefore, imported cotton has not been very popular since the last week, and the international cotton traders are not optimistic about China's recent import demand.
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