Domestic Cotton Market Prices Continue To Be Small

Last week, cotton sales in various cotton producing areas were low last week. Xinjiang has basically completed the sale, while most of the cotton farmers in the mainland still have cotton reserves. The enthusiasm for selling is still good, but the ginning mills generally stop buying, and the enterprises that maintain them are also strict in quality requirements, and the overall turnover is not good.

In December 30th, the purchase price of cotton seed in the mainland was around 5.95 yuan / kg, down 0.03 yuan / kg compared with the previous week, and Xinjiang's purchase and sale ended.

The average price of the national cotton price A index (CNCottonA), representing the price of 2129B grade cotton in the mainland, is 13533 yuan / ton, down 2 yuan / ton; the average price of the national cotton price B index (CNCottonB), representing the price of 3128B grade cotton in the mainland, is 12852 yuan / ton, down 11 yuan / ton.

Last week,

Business is still weak, and downstream demand is weak and stable.

The oscillation is down, the sales profit is very small, and most of the large and medium sized enterprises that have been pformed and upgraded are kept on startup. Small businesses generally stop their production, and the advantage of differentiated fiber is stronger than pure cotton yarn.

Currently on the market

There were four rounds of rumors, and the overall supply of lint was ample, and the market turnover was light. Only the quality cotton output was low, the supply and demand was slightly unbalanced, and the procurement of enterprises was more concerned.

In December 30th, the average price of Xinjiang local 3128B lint was 12733 yuan / ton, and the average price of the Corps 3128B class newspaper was 12750 yuan / ton, 50 yuan / ton less than the previous week, and the 3128B class spot in the mainland was about 12848 yuan / ton, basically unchanged.

In terms of import yarn, port stocks continued to decline, but domestic market demand was poor, procurement was not active, inventory pressure remained, traders were still actively shipping.

Futures market, the lint spot market supply is still sufficient, low price oscillation, coupled with expectations for the later rounds, the futures market pressure, the current main force is below the average system, the upper pressure is obvious, it is expected that there will be room for short-term downside.

In December 30th, the ICE futures market was festive and the volume continued to decrease. After March, the contract narrowed slightly and rose slightly.

Traders expect us cotton exports to decrease last week due to the approaching new year holidays.