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Textile industry related

On the domestic side, on June 30, the State Grain and material reserve bureau and the Ministry of Finance officially announced that the rotation policy of public concern was finally implemented. The implementation of the "circuit breaker" mechanism: when the domestic market cotton spot price index is lower than 11500 yuan / ton, trading will be suspended from the next working day to strongly support the domestic cotton price. According to the survey conducted by China Cotton Textile Industry Association (hereinafter referred to as the China Cotton Association), more than 70% of the surveyed enterprises think that it is beneficial for textile enterprises to store cotton abroad. At the same time, some textile enterprises said that at present, traders auction more reserves, squeezing the storage space of textile enterprises auction. During the rotation period, the enthusiasm of the auction and storage enterprises was high. As of the publication date, all transactions were kept, and the price increase gradually returned to rationality.