China Cotton Reserve Said It Will Take Timely Measures To Maintain Stable Cotton Prices.
China
Reserve cotton
The management company wrote on the website of the SASAC that the departments concerned are paying close attention to the continuous rising trend of cotton prices and will take corresponding measures to maintain the cotton prices basically stable.
Statistics show that last week
Cotton market
In June 4th, the average price of standard grade cotton in China was 17516 yuan / ton, 1.1% higher than the previous week, and the average price of Chinese cotton port at the port of entry (M) was 89.87 cents / pound, down 0.9% from the previous week.
According to the 1% tariff, the import cost of RMB equivalent is 15840 yuan / ton, 1676 yuan lower than the domestic market price, and the price difference is 338 yuan more than the previous week. According to the sliding tax, the import cost of RMB equivalent is 16257 yuan / ton, 1259 yuan lower than the domestic market price, and the price difference expanded by 337 yuan compared with the previous week.
The middle store cotton said because
textile industry
The continuous recovery is facing greater uncertainty, and the demand pull will weaken or the cotton price will gradually return to reason.
In addition, China cotton reserves said that most cotton areas in the mainland are relatively ideal for cotton seedling, but the Xinjiang area is relatively weak.
The national cotton market monitoring system statistics show that the cotton planting area in the new year is flat and the output is expected to increase slightly.
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