On June 17, the trading volume of spot transactions on the national cotton exchange market decreased, and the average price of each contract rose. The intraday trading activity was concentrated in the middle and long-term contracts.
The spot spot trading of the day has the following features: 1. Today, the trading volume has been greatly reduced. The contracts for the middle and distant months were actively traded; second, the order volume decreased. On the day of ordering, half of the contracts were increased and half were reduced. Third, the average price rose across the board.
Zheng cotton futures soared sharply today, Zheng cotton main 1609 touched the 13565 upside, the price hit a new high in May 2015. Spot market adjustment, merchants mainly sell reserve cotton, and Hubei bank 1328C grade cotton prices are quoted at RMB 12,600-12,700/tonne. Traders increase their prices by RMB 100-300/ton, and overall small and medium-sized textile enterprises' inquiry Many, but most textile companies are biased towards their own shot reserve. The growth of cotton in Xinjiang is relatively good, especially in southern Xinjiang. While India’s current cotton price continued to rise recently, India’s S-6 Zhahua Plant’s pick-up price rose to Rmb40,500/bill, which is approximately 76.9 cents/lb, a premium compared to New York’s futures, and local textile companies are also concerned about cotton.
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