Shandong Heze cotton merchant storage cotton cotton prices rose

Recently, some big cotton merchants in Heze, Shandong Province, started to hold Xinjiang warehouse receipts and they did not sell them, and they continuously purchased a large number of warehouse receipts in Xinjiang, making the prices rise, but the market acceptance was not high.

On July 16th, the price of the local Xinjiang Level 3 warehouse arranging single cotton was 19,350 yuan/ton (publicly fixed, ticketed, self-raised), which was 200 yuan/ton higher than that on July 14; the price of SM grade Australian cotton was 19,700 yuan/year Tonnes (net weight, ticket, and self-promotion) rose by 300 yuan/ton from July 14. Due to the shortage of high-grade cotton in the market, together with the active inventory of some cotton merchants, prices have gradually increased.