Domestic cotton spot prices have continued to rise slightly in recent days

The spot price of domestic cotton continued to rise steadily, but the market was light, the sales of textile products were still not good, and the use of cotton was also used with the purchase, and it was still not optimistic about the situation. Cotton processing companies overhauled their machines and prepared for the acquisition of new cotton. Enterprises and cotton farmers have great expectations for this year's purchase and storage policies.

Import prices of imported cotton in China's main port have risen, with West Africa cotton up 0.75 cents, US cotton up 0.75-1 cents, and other varieties generally up 1.25 cents. Judging from the market conditions, the impact of factors such as Isaac’s landing in the United States and India’s postponed monsoon rains on the market has not yet ended. The Fed’s speech at the annual meeting and the impact of China’s purchase and storage policies and dumping and remarks on the market have also affected the market. getting bigger. Analysts said that there is no significant improvement in the current market volume, and foreign cotton will continue to fluctuate slightly before relevant policies are implemented.