According to the investigation

According to the investigation,with this week’s break ICE the main contract 77cents/pound,75cents/pound and Zheng mian CF1205 contract disk price back to test 14,700yuan/ton,14600yuan/ton and other integer points,Foreign cotton,whether ship goods,bonded cotton U.S. dollars quote or port customs clearance cotton prices are all brushed down,But the base difference of American cotton,Brazilian cotton,Australian cotton, West African cotton and so on has stabilized continuously, Traders are not willing to adjust. Qingdao Zhangjiagang and other local cotton enterprises said, ICE, Zheng cotton high fell, Stimulating a small rebound in December/January shipments. In 2020, Brazilian cotton,American cotton is still the market deal “protagonist”, African cotton, Indian cotton, Australian cotton and so on have been acting as “supporting role”,Greek and Spanish cotton, Central Asian cotton and so on “running dragon”(1/2/3shipping date).