Domestic cotton prices stabilized import cotton prices rose

The domestic cotton spot price stabilized, although there is a long-term support for the new year's purchase and storage policy, it is clear that the market has not found this support point. Under the pessimism that the downstream market outlook cannot be seen, the spot price will continue to remain low.

Recently, the price of imported cotton in China's main port has increased generally, and the price of long-staple cotton has also been raised. After the cotton price bottomed out, the willingness of the cotton companies to purchase increased, but they were tied up by quotas. The shortage of quotas made it difficult for cotton traders and textile mills, and the performance of import contracts became more difficult. The major ports severely squeezed. The cotton stocks are difficult to digest. All parties pay close attention to the policies of the countries at the end of the year.