At What Point Can Cotton Prices Find A Balance?

The festive atmosphere gradually faded away.

The price of cotton has not been stabilized as everyone wishes, but the price has dropped.

The bosses did not dare to act hastily, preparing for the Lantern Festival, and did not take action. They did not know where the price would fall, and selling inventory was the most urgent task for cotton enterprises at present.

It is understood that textile enterprises in the first fifteen months before and after the start, the rate of operation is better than expected, enterprises with orders have cotton stocks, in the face of multiple negative factors continued to decline in the cotton market, cotton textile enterprises still adhere to the strategy of buying and selling.

How to sell? In order to solve the inventory problem as soon as possible, cotton enterprises have lowered the price of lint.

In February 26th, Hebei cotton merchants 3128 class real estate cotton price quoted 11500 yuan / ton (public settlement, self mention, take the ticket, the same below), 1228 level quoted price 11400 yuan / ton, 4128 level quoted price 11300 yuan / ton, all fell 200 yuan / ton compared with 22 days.

The price of Xinjiang fine cotton and long staple cotton has been cut down synchronously. The average price of Xinjiang hand picked cotton is 700 yuan / ton higher than that of the real estate cotton, 500 yuan / ton higher than the machine picked cotton, which is down 200 yuan / ton compared with that of 22 days. The 137 grade long staple cotton price is 22400-22500 yuan / ton (public settlement, local warehouse picking up, carrying the ticket, the same below), 237 level price 21500 yuan / ton, all down by 300 yuan / ton last week.

A small number of cotton traders have panic, indicating that there is still room for negotiation of the offer. They only want to sell stock as soon as possible, but the sales promotion effect is not satisfactory.

Due to the lack of knowledge about how the market will develop in the late stage, we are all waiting to see. At present, the price of cotton futures and spot prices are upside down. The price difference is around 1500 yuan / ton. Cotton enterprises worry about the cotton price in the future market as soon as possible, but the textile enterprises are also worried that cotton prices will continue to fall and not dare to buy. Under the situation of bad news, the market is looking for a balance. What kind of node can cotton price find in balance?