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Cotton price raises 100 yuan, spot goods will sell better

Cotton price raises 100 yuan, spot goods will sell better

Write: Avalon [2011-05-20]

The lint storage in ginners is not much left, "buy one and present one" import quota policy has blocked the gate of importation from overseas, influenced by this, the prices for spot goods in Handan of Hebei are raised in entirely stable status.

The relevant people expressed, the local cotton price has raised 100 yuna/ton, and the imported cotton has good quotation. For this reason, it is mainly because the import quota has been allocated out, and cotton for supply is not much left, especially the well-sold goods are in great demand. Some mills with limited storage can only turn to Xinjiang and Hinterland cotton.

The analyzers think, the prices of domestic spot goods can be raised, but the rise margin cannot be large, the hinterland cotton and cotton moved from Xinjiang warehouses to hinterland warehouses can welcome a short midseason of cotton sales, but the cotton in Xinjiang is limited by transportation conditions, it is estimated that the sales cannot be very optimistic.