Cotton Market Starts Slowly, All Parties Wait For Demand Recovery

On the 27 th, most of the cotton market remained closed, and the market is expected to start gradually after the Lantern Festival. At present, there is not much stock in cotton seed and lint. Sporadic textile enterprises show signs of inquiry, and cotton in the interior and exterior is slightly better.

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After the resumption of operation, lint traders are also engaged in the industry. The domestic cotton market is slowly starting up, and the market is keeping cool under the festive atmosphere. Most enterprises are cautious to make changes in the market before the end of February.

Under the influence of the market bullish mentality, some of the lint spot quotes are showing signs of growth. However, most Cotton Traders and traders still dare not make the offer easily.

Recovery is the main factor.

The target price subsidy is determined by the third batches and the fourth batch of pre allocation. The current subsidy for planting area is 267.63 yuan / mu, and the allowance for sale is 0.688 yuan / kg.

The port is mainly bonded resources, some of the pre - sale customs clearance is on sale, but the downstream wait-and-see strong inquiry is acceptable, basically no deal. At present, the cotton and Brazil cotton concern is acceptable.

The holiday atmosphere continues to shroud. Demand will improve after textile mills have been started. Cotton producers and cotton traders are concerned about the enthusiasm of textile mills. It is expected that the spot price of lint will not fluctuate in the near future.

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Textile enterprises started after the holidays, and the raw material market reflects the prosperity of the textile sub sectors.

The bulk raw material market, such as domestic cotton prices, is still at the bottom consolidation stage.

International cotton prices rose from 69 cents / pound before yesterday to 71.75 cents yesterday.

The rise is obviously better than that of domestic cotton prices.

As China's cotton has over 10 million tonnes of stock and the domestic textile market has not fundamentally improved, the market generally expects domestic cotton prices to linger, but below 13000 yuan per tonne is likely to be low.

The market performance of some small variety segments in textile industry is expected to be better than that in cotton textile and other large textile industries, such as cashmere and fur manufacturing.

Fur industry experienced a price cut in the first half of 2014, which suppressed the market supply. Many farmers "killed seeds" to reduce the market supply scale. From the recent global fur market trend, fur prices are on the rise.

The industry's main dealers said that the price of fur in spring was probably better than that in the same period last year.

The cashmere industry has entered the spring picking period. Some buyers in Inner Mongolia, Shaanxi and Shanxi said that cashmere prices were better than the same period last year.