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Market Has Not Fully Recovered, Cotton Port Inventory Increases
The market has not fully recovered after the holiday, with a slight slowdown in inventory inflow. Downstream procurement has increased after the holiday, and shipments are generally stable. According to Mysteel survey data, as of February 26, the main port inventories of imported cotton totaled 538,100 tons, a week-on-week increase of 0.75%. Among them, Qingdao, Jinan ports, and surrounding warehouses in Shandong have 471,000 tons, up 0.86% year-on-year. The Zhangjiagang port and surrounding warehouses in Jiangsu have about 37,300 tons of imported cotton inventory, and other ports have approximately 29,800 tons. (My Steel Network)