Cotton Phenomenon: Hubei'S Current Cotton Purchase Shows "Three High"
September 19th, Hubei
cotton
Early warning system to investigate the acquisition of new cotton everywhere, the current 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,
Hubei province
Sporadic cotton market, Caidian area 3.6-3.8 yuan / jin (water more than 15%) opened the scale of the price has been surprising, but in the past month, the purchase price rose 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 have relaxed the water standard, cotton within 15% of the normal standard, and still more than 20%, and some strict management of enterprises can no longer "follow the market" will adjust the 10% standard 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 rising price of reserve and futures has supported and contributed to the rise of the purchasing price. At present, the price of the 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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