subject: Tightening Of Macroeconomic Policies Zheng Cotton Increased Upstream Resistance [print this page] Entered in March, because of the good sales of textile enterprises, the basic run out before the Spring Festival stocking, replenishment strong will, but rather the shortage of domestic cotton resources, especially early in March, Xinjiang Cotton out of the question unresolved, the foreign Cotton prices will remain high, leading to rising spot prices of domestic cotton. Chinese cotton price index has risen more than CCI328 from early 1000 to 16,083 yuan / ton. The price index of import of cotton imports represented by lower cotton prices gradually, gradually widening spread between the two. According to statistics, CCI328 prices FCIndexM 1% tariff in accordance with the conversion price spreads have been the beginning of the -71 element from the widening of the current -1 043 yuan, the price advantage of imported cotton is gradually revealed, the callback is bound to import cotton prices continue to drag Zheng cotton.
Tightening Of Macroeconomic Policies Zheng Cotton Increased Upstream Resistance
