Domestic cotton prices fell slightly, and seed cotton prices rose

The spot price of domestic cotton continued to decline slightly, and the price of imported cotton in China's main port climbed slightly following ICE**. At present, foreign investors are optimistic about the shortage of high-grade cotton after the large amount of Xinjiang cotton has been put into storage. At present, the raw materials are strong and the yarns are unsatisfactory, and many companies complain that profits have shrunk. The purchase price of seed cotton rose steadily, but the number of acquisitions decreased, and the quality dropped. The fourth and fifth grades were higher. Near the end of the month, the market generally expects the country to raise the price of the new year's purchase and storage prices slightly, and it needs to be paid attention in recent days.

The price of imported cotton in China's main port continued to rise, and all varieties generally rose by about 1.5 cents. From the current point of view, the market demand has emerged after the price of cotton dropped, and the market decline has temporarily been curbed. From the perspective of supply and policy considerations, the shortage of domestic high-grade cotton resources, the large difference in cotton prices both inside and outside the country, and the government’s continued purchase and storage, as well as the rise of new storage and storage prices in the new year, are all conducive to cotton imports into the domestic market.