Henan Cotton Spot Prices Slightly Rise
Current cotton spot market in Henan
Price
Relatively stable, the general price of Xinjiang grade 329 cotton is roughly 20 thousand yuan per ton.
Because the high-grade cotton in the market is rare, the cotton price of high quality can reach about 21 thousand yuan per ton.
The current situation of textile enterprises is still unchanged.
although
Cotton yarn
Sales are OK, but not much changed compared with the previous paragraph. There are still many inventories, and the proportion of acceptance received by enterprises is quite large.
Owing to too many acceptances and bad use, the price of cash sales and acceptance sales is quite different, roughly 1000 yuan per ton.
It is also understood that a long period of continuous rain in the whole province caused some cotton fields to be cut down, and farmers still had high expectations for cotton prices this year.
Spot market price and purchase and storage
Price
Close to the acquisition, enterprises and cotton farmers are paying close attention to the movement of collecting and storing.
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