More cotton enterprises start to buy seed cotton recently, which drives up the prices in some areas. Prices at 11yuan/kg again emerge. Prices vary greater according to different areas.

In East China, cotton enterprises generally offer Xinjiang type 329 at 28000-28500yuan/mt. The enterprises are mostly bullish about post-Spring festival market

On ZCE cotton futures market, Sep11 opens at 26700yuan/mt, up 150yuan/mt from yesterday’s settlement price.

source:CCFGroup.com