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Last week, cotton purchasing and storage volume hit a new high for the year

Published on:2013/11/13 13:27:53

Keyword:Cotton
Introduction:Purchasing and storage of cotton this year significantly accelerate progress, the international cotton prices downward, so that the spots pay storage ...

Purchasing and storage of cotton this year significantly accelerate progress, the international cotton prices downward, so that the spots pay storage increases.

Information Network data show that Chinas cotton, November 1 when the week, the domestic cotton purchasing and storage volume reached 608,600 tons, purchasing and storage since the start of this year the highest single week turnover.

As of November 4, has a total turnover of 1,406,200 tons, of which 1,091,200 tons Xinjiang turnover, total turnover of 315,000 tons other areas.

But to keep up with the same period a year turnover of nearly 1.9 million tons compared to the year trading volume is still low.

As this years cotton reserves on deposit quality rating required to implement the new, combined affected by the weather in some areas, cotton quality deviations, resulting in line with the specifications of cotton purchasing and storage to reduce the number.