Cotton Spot Prices Are Still Down By &Nbsp; Imported Cotton Has Risen Sharply.

Cotton spot prices remain unchanged, and prices are still falling. Even if the price of a pledge auction cotton is low, the feedback from the information staff is still unpopular. cotton It has become a "devalued currency".

There is still a holiday in textile mills, and the starting rate is not high. Half and half of it is good. About 70%, the orders received by the textile mills near the end of summer are mostly 60% and 40% polyester yarn. Obama's overnight debt default could trigger a warning of the "economic crisis", forcing the US dollar to bear heavy pressure on the 26 Asia Pacific and European markets. The commodity market is strong and ICE cotton is rising. The new flower is affected by the current hot weather. The new flower is growing well. Most areas are better than last year. In the middle of 8, there were sporadic picking in some areas. Today, China's cotton price refers to (CCIndex328) 20483 yuan / ton, down 181 yuan, 527 cotton to plant average price 17981 yuan / ton, down 137 yuan.

Domestic cotton prices fell sharply, the textile market has yet to stop signs of decline, pessimism does not change. The purchasing demand of textile enterprises is weak, the phenomenon of cotton enterprises going to inventory is obvious, and the downward trend of cotton prices is hard to change at the moment. Affected by the instability of cotton prices and the adjustment of policies such as money and industry, enterprises are more cautious in taking orders, and even have to give up part of the export list. Order Flows to the Southeast Asian market.

The price of imported cotton in China's main port has generally risen sharply, and most varieties have increased by 2-4 cents. American cotton And long staple cotton fell 1-3 cents. According to cotton traders, most of the recent replenishment banks are large textile enterprises. Some of the cotton traders in stock hope to sell a better price, so the volume is limited. In contrast, most SMEs choose to wait and see. Generally speaking, the current sale of cotton is still very dull. The demand situation at this stage does not support a sustained rebound in prices.