China Cotton Market - Prices Continue Dipping
Cotton price has started to fall since Nov 10. Gov's tightening policies have a great impact on ZCE cotton futures market, but ZCE cotton price found support at around 25000yuan/mt. Since ZCE cotton rebounded in recent two days (Nov 13 and Nov 15), spot price also drops slower now after two weeks of panic sentiment. ICE cotton and Cotlook A also fell from Nov 10 but rebounded in recent two days after falling greatly previously.
PSF dropped quicker and VSF price declined slowly recently. Both cotton-PSF and cotton-VSF price enlarged.
PSF dropped quicker and VSF price declined slowly recently. Both cotton-PSF and cotton-VSF price enlarged.
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