- Contact：Mr. Ling
- Phone：0086-13306288876
- Tell：0086-0513-84600126
- E-mail：lzj550711411@163.com
- Address：Jiangsu nantong rudong Yuan Dadao Yuan Zhuang town
On July 2, Zheng Mian Futures rose across the board. Zheng Mian's main CF009 contract settlement price was 11,875 yuan/ton, up 125. China's cotton price index was 11,932 yuan/ton, up 43 yuan.
Domestic cotton spot market lint prices rose from yesterday. Some companies' quotations rose by about 50 yuan/ton. The transaction price of 3128B grade lint is between 11910-12000 yuan/ton. At present, the textile enterprises maintain the demand for purchases, which is relatively favored for reserve cotton. The enthusiasm for spot purchases is not high, and the market transactions are light.
It is understood that the sales price of lint cotton to the factory in Hebei area rose today. Affected by the dual factors of the round-off transaction of reserve cotton and the rising price of Zheng cotton futures, the spot market quotations followed up, but textile companies have more choices for cotton, less purchases of spot, and the spot market remained in a slack state.
Jiangsu Province's lint cotton to factory sales quotation is mainly stable. Some textile companies are eager to purchase cotton with an appropriate price increase of RMB 100/ton. Most textile enterprises do not have many stocks of raw materials, so they purchase appropriately when prices drop. The overall spot market transactions were mainly light.