A few days ago, reporters learned from the Xinjiang Office of the national cotton exchange market, December 13th plan

Among them, the Xinjiang warehouse clinch a deal of 34680 tons, and the mainland warehouse has a turnover of 16980 tons.

As of that date, 2011 cotton temporary storage and storage

Tan Wei, general manager of the financial department of Urumqi Hongyuan Futures Co., Ltd., said that there are two main reasons for the increase in cotton reserves in Xinjiang.

First, the China Cotton Association has predicted that the total output of cotton will reach 7 million 280 thousand tons this year, of which the total output of cotton will reach 3 million 425 thousand tons in Xinjiang.

and

Compared with the total output of 2 million 479 thousand tons in Xinjiang last year, the total output of cotton in Xinjiang will increase by nearly 1 million tons this year. Secondly, China's cotton price index has been going down all the way in recent years, reaching 19058 yuan per ton in December 13th, less than 19800 yuan per ton.

Cotton ginning companies worry that cotton prices will continue to decline, and actively pay to avoid risks.