Reserve Cotton First Day Turnover Rate 28.57% Cotton Price Performance?

In December 2nd, Xinjiang cotton has been listed on the stock market for 7000 tons. The actual turnover was 2000 tons. The turnover rate is 28.57%. The highest price was 13319 yuan / ton. The lowest price is 12909 yuan / ton. The average transaction price is 13259 yuan / ton. Among them, Xinjiang warehouse has a turnover of 200 tons. The mainland warehouse has reached 1800 tons. There are 6 companies competing for sale.

The corporate publicity is as follows:

Cotton reserves fell less than expected, and cotton prices continued to decline.

In December 2nd, the first day of the cotton storage wheel was less than market expectations, and the support for cotton prices was limited. On the same day, the cotton spot index CCI3128B was quoted at 13076 yuan / ton, down 16 yuan / ton compared with the previous day, and the closing price of zhengmian futures 01 contract was 12615 yuan / ton, down 150 yuan / ton compared with the previous day.

As of December 2nd, the total processing capacity of Xinjiang cotton was 3 million 547 thousand and 700 tons and the volume of public inspection was 2 million 990 thousand and 100 tons. At present, the overall demand for the downstream is still weak. It is expected that Zheng cotton will remain weak in the short term.

Recently, relevant market performance is general, pure cotton yarn price falls.

In December 2nd, the overall performance of the raw materials market was stable and the staple fiber price was 6690 yuan / ton, up 10 yuan / ton compared with the previous day, and the viscose staple price was 10100 yuan / ton, unchanged from the previous day. The price of pure cotton yarn dropped, CY Index C32S quoted 20980 yuan / ton, down 180 yuan / ton compared with the previous day, and FCY Index C32S (imported cotton yarn price index) quoted 20862 yuan / ton, down 79 yuan / ton compared with the previous day.