On the 12 day, the spot price of cotton is relatively stable. Textile mills purchase a small amount of goods and buy them with the purchase. Textile sales market is still very cold, cotton textile enterprises are still in a difficult position, yarn and cloth sales are very slow. In view of the weak economic growth in Europe and the United States, it continues to curb global consumer demand and the pressure of repayment at the end of the year is approaching. Spin Enterprise funds are relatively tight and continue to rise, and lack of strong support.

The price of China's main port of imported cotton fell by about 1 cents under the influence of ICE futures slump. In December, the US Department of agriculture forecast a further reduction in global cotton consumption, which once again confirms the downward trend in cotton demand. Although cotton imports increased substantially in November, cotton imports were scarce in China in the past week. Sliding tax quotas next year Unpredictable material In the background of large quantities of imported and exported cotton, the import of foreign cotton is not optimistic at the later stage.