Domestic Cotton Prices Show A Steady Trend

The overall situation of domestic cotton production reduction has been set, but the ICE cotton fell significantly in recent years, and the gap between domestic and foreign cotton prices was bigger, which led to domestic worries about the future market.

At the same time, the downstream wait-and-see mood is heavier, the price pmission is blocked, and cotton prices are in a dilemma.

Generally speaking, short term domestic cotton market trend is still uncertain, market sentiment is strong, and short term cotton futures prices are expected to be dominated by shocks.

The price of seed cotton has dropped.

And cotton traders in the hands of the higher cost of cotton, the price of higher resistance, downstream textile enterprises there are still some low-priced reserve cotton inventory is not in urgent need to replenishment, the market is in a stalemate, cotton prices appear temporarily stable market.

In October 26th, domestic cotton prices showed a steady trend. At present, the price of 3128B grade lint is 15300-15425 yuan / ton, up 3.36% from the beginning of the month.

On the same day, Zheng cotton 1701 contract fell, closing at 14925 yuan / ton in October 26th, down 1.16% from the beginning of the month settlement price of 15100 yuan / ton.

In October 26th, trapped in harvest pressure and exports.

Weak fears, ICE cotton fell for sixth consecutive days, hitting the lowest level in about two weeks, and the cotton contract in December fell 0.41%, at 68.49 cents per pound.

Seed cotton has dropped slightly in recent years. In October 26th, seed cotton prices showed a high price callback and low price stability.

As the price of pre harvest cotton seed is high, the Zha flower factory is in a state of loss. Although the price of seed cotton has been lowered, the price of cotton lint has decreased slightly and the price has been kept stable in order to make up for the loss.

As the market outlook on the market trend is different, the market wait-and-see state is strong, Zheng cotton at 15000 yuan / ton shock.

The downstream cotton yarn market is down by seed cotton prices. The downstream has a strong resistance to the rising price of cotton yarn, and the price is showing a downward trend. According to the price monitoring of the business community, October 26th, 21S used high knitting.

The price was 21600-23000 yuan / ton, 1.63% higher than the beginning of the month, and the production and sale of cotton yarn remained relatively stable.

The price of cotton cloth is not good. Although the price changes little, orders and sales are shrinking, and the downstream customers are cautious.