Xinjiang Cotton 3128B Spot Price Slightly Declines

Domestic Xinjiang cotton 3128B spot price slightly declined to 16,271 yuan/ton, with Zhengzhou cotton futures also weakening. Sales of seed cotton are accelerating, and cotton companies’ basis quotes remain firm. Spinning companies are nearing the end of pre-holiday stock replenishment, and under profit pressure, purchasing enthusiasm has decreased, with market wait-and-see sentiment increasing. (My Steel Network)

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