Cotton prices slow down, imported cotton prices continue to rise

In February, the price of cotton in stock slowed down due to the decline in futures prices. The purchase price of grade 3 cotton by textile enterprises is still maintained at 19500 yuan/ton, with very few transactions. The market price of cotton yarn is still rising steadily, but the overall trading volume is slightly lower, the downstream cloth sales are sluggish, and the price is slightly lower. The acquisition market is divided, the acquisition of 200 enterprises has slowed down, the price is lowered, while the 400 enterprises continue to release the acquisition, part of the lint to the state reserve, part of the warehouse.

China's main port quotes for imported cotton continued to rise, with most varieties up 0.75 cents. It is understood that the Chinese purchasing delegation to the United States will send a large order of US $20 billion to the United States, including how many farm products will continue to be watched. Due to the lack of domestic demand in India, the price of Indian cotton remains weak, so the export quotation does not follow the rise of most varieties, and there is still some room for decline in the future.