SunSirs: Sep 17

According to SunSirs’ price monitoring, on Sep 17, the average price of 312B Lint is 13,169RMB/t, 95RMB/t (0.73%) higher than that of the last trading day. In September, the transaction prices of reserve Cotton raise, which attracts more attention from enterprises. On the 17th, the trading rate of reserve Cotton is 100%, and the average price is 12,144RMB/t.

On Sep 17, the prices of imported Cotton continue to rise, but the prices of Zhengzhou Cotton show weak increase. On the same day, CF2001 falls slightly, with a maximum of 13,125RMB/t and a minimum of 13,025RMB/t. The closing price is 13,070RMB/t, 0.57% lower than that of the previous trading day. The turnover is 275,946 lots and the open interest is 530,538 lots.

It is expected that the market will release good news, the short-term prices may increase slightly. The average transaction price of National Reserve Cotton in the past two days has declined, the possibility of spot increase may not be high.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.