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Currently, there is still not much new cotton available in the spot market, but a small number of quotes have emerged. For the 2024/25 season, the basis for hand-picked cotton from South Xinjiang and machine-picked cotton from North Xinjiang, 29mm and 29gpt, is currently at 800yuan/mt and above on Z
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 gr
During the week from Nov 4-8, purchasing volumes of mills improved somewhat compared to the prior week. According to ginners and mills, more mills entered Xinjiang to procure new cotton, and sales increased somewhat. But mills only operated safe accumulation, and had no plan to purchase much. A few
