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Regarding the reasons for the rise in cotton prices, various institutions immediately gave different interpretations. Common reasons are: 1. cotton commercial inventory is lower than expected; 2. cotton production of 2023/24 crop year will decline; 3. the demand for cotton is acceptable, and there a
The main positive factors to cotton prices later are: 1. The Chinese macro policy may continue to give positive stimulus to cotton market in the first quarter, giving loose monetary policy; 2. With historical low cotton/grain price ratio, 2023/24 cotton planting areas may reduce; 3. Spinners still h
On the first day returning from the holiday, machine-picked new cotton has been transacted, and small quantity of new cotton is transported to inland warehouses. Currently, spot cotton prices have big differences as new cotton prices are low with low costs, while old cotton prices are firm affected
Currently, 2021/22 seed cotton prices keep high, which is supportive to cotton prices in short. However, in fact, spinners have face slight deficits with cotton prices around 19,000yuan/mt, but they can accept, and if cotton prices rise above 20,000yuan/mt, spinners basically cannot accept the price
