New Cotton Purchase In Hubei Presents "Three High" Symptoms
In September 19th, the cotton warning system in Hubei province investigated the acquisition situation of new cotton in all parts of the country. At present, the acquisition of new cotton presents "three high", one is the high price, the two is the high water content, and the three is the high risk.
In mid August, there were sporadic events in Hubei province.
Cotton listing
The price of 3.6-3.8 yuan / jin (more than 15% of water) in Caidian area has been astonishing. But in the past month, the purchase price has been rising steadily. Looking back at that time, the price has been low. At present, the highest price in the province has reached 4.65 yuan / Jin.
It is understood that many enterprises relaxed water standards, less than 15%.
cotton
According to the normal standard, there are still more than 20%, and the enterprises that are strict in management are forced to "follow the market" and adjust the standard of 10% to less than 13%.
Everyone in charge of cotton enterprises has shown concern about the future market. They believe that the prospect is unclear, the price is rising and the business risk is increasing.
The price of reserve and futures keeps rising, supporting and facilitating.
Purchasing price
Rise, the current price of rising rainbow is the true expression of the relationship between supply and demand, or the buoyancy of market speculation, which is worth pondering and exploring by cotton enterprises.
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