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The state cotton auction to start on May 5 will supply cheaper cotton for cotton yarn mills, but will it help them turn deficits to profit amid current situation?After initial calculation, the starting price of state reserved cotton with standard quality in the first week is predicted at about 15,00
Apr is traditional peak season. Cotton yarn market saw tight supply and continuous rise of price in last Apr, while at present, the market demand weakens continuously and inventory of cotton yarn mills accumulates with dropping price despite strong cotton and lower-to-negative profits. In the evenin
