The cotton price to fall back more likely due to the outbreak of overseas pandemic

Nov 10, 2020  |  by Zhao xh


On the 29th, the domestic price of 3128B stabilized at 14,661 yuan/ton; due to the outbreak of the overseas pandemic, the worry is heavier, the U.S. cotton M-class port price has dropped by 260 yuan along with futures to 12,950 yuan/ton; the difference between domestic and foreign cotton prices is 1,711 yuan/ton. It is currently in the stage of shock adjustment, leading to large fluctuations in cotton prices and high fluctuations in the price difference between internal and external cotton. However, the purchase and storage are imminent, and the price outlook is expected to fall back.

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