Yesterday The Price Of Cotton Dropped Dramatically And The Main Transactions Are Short-term

    Yesterday the main force 1109 contract of Zhengzhou cotton closed at 28825 yuan per ton, which dropped 1595 yuan per ton (5.24%). The trading volume and position quantity both increased. Recently, the domestic textiles factories are influenced by the pressure of yarns stock, and mainly sell the stock products. And the purchasing intension of factories is not strong. The price of spot goods dropped slightly and the market is still slack.