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After the National Day holiday, amid the favorable macro sentiment, Chinese cotton prices show strong upward momentum stimulated by the output reduction anticipation in North Xinjiang and rush harvests of seed cotton in both North Xinjiang and South Xinjiang. ZCE major cotton contract has climbed up
Zhengzhou cotton futures market was range-bound between 14,950yuan/mt and 15,450yuan/mt after the Chinese Lunar New Year, with a fluctuation of 500yuan/mt. However, spot cotton prices changed very limitedly. In the first week after the holiday, traders basically returned and started work, and ginner
