Henan Nanyang cotton spinning enterprises postpone the start of the market

Due to the impact of the pneumonia epidemic, Henan Nanyang cotton textile enterprises have not started operations. They only contacted the quotation by telephone or online, and there were fewer purchase inquiries. At the same time, the weak futures market affects cotton sales. Most of the cotton companies have not quoted prices, waiting to see the market, and prices are chaotic. The current cotton spot quotations are mainly based on futures prices plus rising discounts, and the actual transactions are being made by companies starting to work.　　 It is understood that the textile enterprises in Nanyang, Henan are tentatively scheduled to start construction on the 17th of the first month (February 10), and it will be decided separately according to the improvement of the epidemic situation. In addition, poor logistics and fewer orders have temporarily stagnated sales. The textile market is also priceless and remains deserted. Article Keywords: 　Cotton