Zheng Cotton High Open Shock Spot Cotton Continues Strong

Zheng cotton high open shock, intraday adjustment after stability, the end of the market continued to rise, trading volume shrank, positions nearly reduced far increased. Spot cotton prices continue to be strong, but although the downstream yarn enterprises have increased the position of standing orders, they have not yet pursued the price of procurement. After the increase in the yarn prices of factories, the transaction has not yet been completed. Some enterprises have reduced the time to arrange orders and are more cautious about the later stage. Therefore, the trading atmosphere is cold. Recently, some local cotton ginning plants have successively sold their early stock, but most of them have low spot quantity and offer price, The downstream part is purchased sporadically. Port import cotton offer center of gravity moved up, up 100-200, actual single rare, at present, due to the tight quota, the actual order trading restrictions on import resources are obvious. At present, the current reserved cotton rotation continues to trade at a premium, and the industry maintains active operation. Although the current cotton supply is still relatively loose, the market price is hard to find under the condition of demand preference. However, if the price is too high, it will affect the current preference pattern, and it is expected that the short-term cotton flower market will still be strong.