On the 22nd, the domestic cotton price dropped slightly

On the 22nd, the spot price of domestic Grade 3 real estate cotton was 19,149 yuan/ton, and the domestic cotton price maintained a downward trend. Spot prices in the market are still relatively stable, prices of high-grade cotton and Xinjiang cotton are firm, there have been many recent rumors, and there have been various opinions about policy changes such as storage and storage, and later news still needs to be officially confirmed.

Since most of the domestic cotton has been put into storage, taking into account China's implementation of the unlimited purchase and storage policy in the new year, global cotton stocks will be further concentrated in China. The trend of cotton prices depends to a large extent on China's reserve cotton policy.