Lint market slumps in import stability

Today, the spot cotton spot situation has not changed. In the northern cotton region, due to the increase in cotton planting and labor costs, and the rain in mid-September, the yield and quality of cotton were affected. Cotton farmers are hard to accept low purchase prices. Although the picking is almost over, most of the seed cotton Still in the hands, reluctant sellers are in a serious mood. At present, the ginning factories take multi-party purchases, most of the seed cotton is from other provinces, and they pay close attention to processing and storage.

Imported cotton prices in China's main port have increased steadily, most varieties have risen by 0.75 cents, West Africa's cotton price has stabilized, India's cotton has declined by 0.25 cents, and long-staple cotton prices have continued to weaken. With the increase of domestic reserves, cotton prices are rapidly approaching the bottom. According to the monthly collection and storage of 300,000 to 400,000 tons, the total storage capacity before the end of March is expected to exceed 1.5 million tons. The import market at the end of the year is worth looking forward to by domestic and foreign cotton traders. It is still wise for textile companies to purchase at low prices at the right time before the end of the year. s Choice.