Zheng Cotton Hesitated. The Spot Price Of Lint Is Now Increasing.

According to the price monitoring of the business community, the average price of lint 3128B lint in the domestic spot market was 13169 yuan / ton as of September 17, 2019, up 0.73% yuan or 95 yuan compared with the previous day. In September, the selling price of reserve cotton increased and the degree of concern was increased. On the 17 day, the turnover rate of reserve cotton was 100%, and the average price was 12144 yuan / ton.

On the 17 day, the quotation of imported cotton continued to rise, but the price of zhengmian did not seem to be strong enough. On the same day, Zheng cotton main contract 2001 contract price fell slightly, the highest reported 13125 yuan / ton, the lowest reported 13025 yuan / ton; closing price 13070 yuan / ton; compared with the previous trading day prices fell 0.57%, 275946 hands trading volume, 530538 positions.

It is expected that the market will seize market psychology, release good news, short-term price or small increase, and the average transaction price of the two days from national cotton store has declined, and spot gains may not be large.