Price Quotation: Zheng Cotton Night Plate High Cotton Spot Rise

1、 Price quotation

According to business agency data show that this week, cotton market shock rise. On June 28, the price of 3128b lint was about 16156 yuan / ton, and on July 2, it was 16299 yuan / ton, up 0.88%, and 2.71% month on month.

2、 Market analysis

On July 2, China's cotton price index was 3128b 16264 (+ 173), and Zheng cotton rose in the night trading, and rebounded after the decline of ice period cotton, and the cotton spot market rose with futures. At the end of May, the total turnover inventory of cotton in China was about 2.6894 million tons, with a decrease of 540300 tons on a month on month basis. Inventory consumption was fast. Early futures led cotton enterprises to reduce sales quotations, and downstream textile enterprises strengthened their willingness to replenish their stocks. The textile industry is in the off-season, the downstream goods have decreased significantly compared with may, and the inventory of cotton textile enterprises has increased. In the short term, lint has limited benefits, mainly shocks.