Domestic and foreign cotton prices rose significantly

The spot price of domestic cotton showed a steady upward trend. At present, China's national economy is operating smoothly and *** has been successfully convened. It is highly likely that the economy as a whole will rise. Unconstrained purchasing and storage measures in the new year will absorb surplus cotton, and policy support will help stabilize cotton prices.

The price of imported cotton in China's main port has generally risen, and the price of each variety has risen by 0.75 cents. From the market situation, the recent fluctuations in cotton prices are relatively frequent and the overall lack of sense of direction. It is understood that the current spot market is bleak. On the one hand, the cotton traders buy the national cotton to control the risk of low prices, but no one is willing to sell; on the other hand, the textile mills have a handful of processing trade quotas for the purchase of bonded cotton. The number of orders for customs clearance is also extremely limited. In addition, taking into account the quota policy and the market's anticipation of dumping, the cotton traders dare not rush to put the cotton on the consignment in the bonded area. Generally speaking, the days of the traders are not good enough, they are not able to accept the national cotton, and the cotton is not too strong. Dare to touch the embarrassing situation.