Cotton Spot Supply Is Abundant, Consumption Is Sluggish, Cotton Prices Vary Greatly, Cotton Prices Are Stimulated.

By March, seed cotton processing was gradually coming to an end stage. Lint sales became the main task of cotton enterprises, but the futures trend was ups and downs, and the spot price of the market was hard to maintain stability.

Before the start of spring sowing, the consumption level of raw materials for downstream textile enterprises will play a leading role in the rise and fall of cotton prices. The market will also focus its attention on the downstream cotton consumption.

At present, domestic cotton consumption is not optimistic.

Insipid, coupled with the preparation of raw materials ready, in the market instability and wakeup can be done first, generally no rush to purchase large quantities; secondly, the domestic cotton market fundamentals are loose, and the new cotton market and the 17 year cotton still have a large circulation, although the past 5 months have been over in 2018, but the remaining supply of cotton still remains, and the supply and demand level is still difficult to support cotton consumption in the short term. That is, the recent domestic cotton prices are not dominant. Despite the ups and downs of Zheng cotton, traders say domestic stock is still strong, mainly based on a small number of low-grade cotton turnover, and the high-grade cotton has no market price. At present, the Xinjiang hand picked cotton "double 28" price is 16000-16100 yuan / ton (gross weight). First of all, the textile market did not usher in a good start after the year.

Another trader said that in recent years, the price of cotton has dropped, and the price of cotton has increased greatly.

According to the national cotton market monitoring system data, since late January, the difference between domestic and foreign cotton prices has widened again. The price difference between the domestic cotton price B index and the M index representing the international cotton price has been maintained at 1000-1500 yuan / ton.

In contrast, the advantage of cotton trading is obvious.