Recently, the cotton spot market in Jiangsu province has been depressed by the decline in import cotton prices and the decline in futures prices. In addition, the demand for cotton in textile enterprises has been reduced, which has made the cotton enterprises lose their psychological weight in the province.

It is understood that the current sales of downstream yarn products are sluggish, the overall textile industry is weak, making the cotton market oversupply characteristics are obvious, cotton enterprises generally see the post market.

Although the fall in cotton prices can reduce the cost of spinning enterprises, but in the face of a straight decline in cotton prices, textile enterprises dare not rush to purchase.

In November 10th, Shandong seed cotton continued to flow into Jiangsu Dafeng. In November 10th, the delivery price of grade 3 seed cotton was 2.30 yuan / jin (38% above the clothes, and the water was low). The highest purchase price of Dafeng seed cotton was 2.50 yuan / kg, and the highest purchase price of a few enterprises was 2.35 yuan / kg. The price was low, which made cotton farmers' psychological panic. At present, there was less cotton seed. The price of 4 grade cottonseed oil was 6100/ tons, 300 yuan / ton higher than last week, 0.80 yuan per catty cotton seed, 9 yuan higher than 9 days. At present