Now it is the arriving season for new cotton

Now it is the arriving season for new cotton. More than 90% Chinese cottons were produced in Xinjiang, but epidemic slowed down cotton procurement, processing, inspection and transportation obviously. Chinese cotton supply was relatively tight, and cotton procurement as well as sold prices are in great mix. The mixed feedstock prices diverged cotton usage cost among cotton yarn mills greatly, but the overall spot profit was mostly at loss. When Chinese cotton tight supply condition will get released becomes the focus in the market, and the severer epidemic in China made the released time of epidemic confused. There were 1,294 new local cases and 6,682 asymptomatic cases yesterday. Scattered spread of epidemic made the sales of enterprises be influenced, and the flow efficiency reduced largely among regions.