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The new deal of reserve cotton came out to escort the spinning industry.

NEWS CENTER

The new deal of reserve cotton came out to escort the spinning industry.

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2017/11/23 14:55

In June 2nd, China Cotton Reserve Management Co., Ltd. and the national cotton trading market jointly issued the notice on the relevant issues concerning the cotton reserve in 2017/2018. The announcement pointed out that from June 4, 2018 to the end of this year, the trade in the reserve cotton pulley was limited to the textile cotton enterprises to participate in the bidding, stop the non textile cotton enterprises to participate in the bidding, and the reserve cotton purchased by the textile enterprises were only limited to their own use.

According to the data from the eleventh week weekly report of the reserve cotton wheel, as of May 25, 2018, the total number of enterprises was 541, including 380 textile enterprises, 460 thousand tons, 161 traders and 510 thousand tons. Up to now, more than half of the cotton reserves sold by traders have been auctions, exacerbating the rise in cotton prices. The market analysis believes that the decrease in the main body of the reserve cotton auction will lead to a decline in the bidding strength, the decline in the price increase, the more competitive advantage of the reserve cotton price in the market, and the rational return of the spot price.

According to the data from the eleventh week weekly report of the reserve cotton wheel, as of May 25, 2018, the total number of enterprises was 541, including 380 textile enterprises, 460 thousand tons, 161 traders and 510 thousand tons. Up to now, more than half of the cotton reserves sold by traders have been auctions, exacerbating the rise in cotton prices. The market analysis believes that the decrease in the main body of the reserve cotton auction will lead to a decline in the bidding strength, the decline in the price increase, the more competitive advantage of the reserve cotton price in the market, and the rational return of the spot price.

It is widely expected that cotton futures spot prices will fall from June 4th, which will benefit the real enterprises. For the market concerned about the trend of cotton prices in the latter part of this year, we still need to return to cotton supply and demand situation to judge.

  
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