Recently, driven by the strong rise in ICE, the price of Zheng cotton has rebounded. Coupled with the countdown to the launch of Xinjiang Xinhua, cotton companies with high inventories in Xinjiang have taken advantage of the price rebound to quickly sell inventory and withdraw funds.
This year’s cotton maturity period in Xinjiang is expected to be about 10 days earlier than last year, and cotton in some dry areas has begun to sprout. Up to now, the equipment maintenance and other work of various cotton processing enterprises has come to an end, and the acquisition of new cotton will gradually begin after it is launched.
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