Cotton Spot Market Is Flat &Nbsp; Prices Will Continue To Go Down.
April 14th
Spot market
Continue to be dull, on the market
Deal
Still not strong.
Textile mills continue to reduce sales in order to inventory, but downstream procurement is still not ideal.
Recently, the electronic disk has been widely fluctuated, and spot purchase is not prosperous. Some people who see the supply and demand in the market continue to see more and have firm confidence. But textile mills are worried about the downstream consumption situation, hoping that the downstream can pick up as soon as possible and bring impetus to the market.
In April 14th, China's cotton price was (CCIndex328) 29513 yuan / ton, down 89 yuan, and the average price of 527 grade cotton to plant was 26742 yuan / ton, or 26 yuan.
By external cotton electronic disk and domestic
Cotton futures
The market has been falling, the domestic cotton spot prices continue to decline, buyers and sellers have a higher wait-and-see mood, cotton traders are mostly at the edge of profit or loss, buyers are buying and buying.
In the textile market, most enterprises continue to adjust the price of finished products, which has slowed down compared with the previous period, and the turnover has not improved.
Some cotton acquisition processing enterprises sporadic acquisition, cotton seed farmers' psychological gap is bigger after the recent decline in seed cotton purchase price.
The price of China's main port of imported cotton fell sharply, and most varieties dropped 5-6 cents, while Brazil cotton fell 10 cents.
In March, China's cotton imports remained at a relatively high level.
However, cotton prices have been on the high side for the past month, and the sale of cotton has been hindered this year, which may have an impact on the number of cotton exports to Hong Kong in the next few months.
In addition, India cotton exports will be difficult to increase next year. The US cotton will still play a leading role. If domestic cotton consumption remains relatively stable, it will support the international cotton price in the latter part of the year.
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