Cotton Prices Rose Hard In March 2019, But Sales Of Cotton Yarn Were Lower Than Last Year.

Recently, the disk has returned to turbulence, and the trend of cotton prices will become complicated again in the future.

According to people's expectation, the textile enterprises will start to purchase in March, when purchasing is heating up or supporting the rise of Zheng cotton.

But from now on, this expectation is expected to fail.

It was expected that the textile industry could be in the peak season in 3-4 months. At this time, the purchase started, the cotton sales were flourishing, and the spot prices strengthened to support the futures prices.

Judging from the trend of the past two years, every March, the price of zhengmian is a downward trend, otherwise it is a shock, especially when the cotton market is in a weak position.

According to the recent cotton trade association research situation, Hebei small and medium-sized pure cotton yarn production enterprises have all entered the normal production state.

The enterprises in Jiangxi are affected by some employees who are not in place. At present, the start-up rate is around 70%, and employees are expected to arrive in early March.

The employees in Hunan are mainly local employees, and their employees are in good condition. The rate of start-up is close to 100%.

According to press reports, Henan textile enterprises have started normal operation.

From the perspective of the start-up of enterprises, textile enterprises have entered normal production after the year, but the sales situation has not yet matched them.

Some enterprises reported that sales in 2019 had declined compared with the same period last year, and downstream enterprises could not pay their loans in time because of tight funds, which caused some pressure on the textile enterprises to purchase raw materials normally.

There are also enterprises to reflect to reporters, now enterprise procurement is very cautious, when the market price rises, stop purchasing, when prices fall, then purchase, so that we can avoid risks, and ensure inventory to maintain production needs, and the spot market supply is adequate, more selective, enterprises do not worry about procurement.

At present, Zheng cotton is also in the shock finishing area, and the possibility of unilateral trend is small, so this operation is not very difficult.

According to the national cotton market monitoring system, as early as the beginning of February, the average number of cotton stocks used by the enterprises surveyed was about 44.6 days, and the industrial inventory was about 985 thousand tons.

At present, the inventory report in March has not come out, and it is expected to decline, because the textile enterprises began to lower the inventory at the present stage after the preparation process before the festival.

Although there are now enterprises to start purchasing, they all follow suit, and wait-and-see mood remains.