AS ZCE cotton rebounded continuously recently, more cotton enterprises start to procure seed cotton recently.

Spot cotton prices are also steadier. For Xinjiang type 329, lower prices at 27500yuan/mt disappear and many cotton enterprises adjust their offers to 28000yuan/mt.

Upcountry cotton prices maintain steady on the whole. Small cotton enterprises still quote inferior grade 4 cotton at 25500-25800yuan/mt.

On ZCE futures market, Sep11 opens at 27000yuan/mt, flat to yesterday's settlement price.

($1=CNY 6.66)

source:CCFGroup.com