Domestic Cotton Prices Continue To Explore &Nbsp; Textile Mills Purchase Cautiously.

Domestic cotton spot prices continue to explore, textile mill procurement cautious, the parties wait-and-see sentiment is strong, the market is difficult to sell.

Cotton traders or continue

The domestic commodity market is short of atmosphere, and the domestic cotton spot market quotation 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.

On the same day, seed cotton quotations were relatively stable, but wait-and-see sentiment was strong, with few turnover.

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 cotton has basically bottomed out this year, and the US cotton spot offer is rare.

From the perspective of demand, although the textile enterprises remain concerned about the new flower quotes, but the price of cotton is much higher than that of the national cotton prices.