On August 11th, the spot transactions on the national cotton trade market contracted to lighten up and the average price rebounded and rebounded. The trading activity was concentrated in the contracts in recent months.
The spot spot trading of the day had the following characteristics: First, the trading volume decreased slightly today. The contracts for the middle and distant months were actively traded; second, the order volume decreased. The order quantity of the MA1610 contract remained unchanged on that day, and orders for the remaining contracts decreased. Third, the average price rose across the board.
The spot market was deserted. State Reserve Property Cotton was quoted at 13900-14300 yuan/ton, and Xinjiang cotton was quoted at 14300-14800 yuan/ton. The wait-and-see attitude was stronger, and most of the manufacturers were not in a hurry to purchase, and some directly shot themselves. There is no market condition. Xinjiang Aksu and other places in the new year are growing well. It is expected that picking will begin from late September to early October. Farmers are expected to spend no less than 7 yuan/kg on seed cotton in new years due to cost constraints.
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