The Cotton Market Has Ups And Downs, But It Will Eventually Return To Consumption.

In March 29, 2019, a friend of a trader said, "recently, we are not busy. Now the textile mill is picking up a lot of goods, and the price is not suitable unless it is collected.

The cotton spot is not moving. We can only steal half a day's leisure. "

Vaguely remember, a week ago cotton sales were still in a bustling situation. But the market was changing rapidly, and only a few days had left the court in the cold. Why?

With this question, China cotton net reporter has consulted several market personages and realized that, recently, along with the import cotton quota utilization and the textile enterprise refunding craze gradually faded, the market situation also began to fade away.

According to the latest data, China imported 229 thousand and 600 tons of cotton in February 2019, an increase of 123.59% over the same period last year.

The centralized purchase of imported cotton will also play an important role in the replenishment of cotton stocks for textile enterprises in the near future.

A trader predicted: "judging by the recent sales, spinning enterprises can probably add up to about 40 days' inventory."

The hot cotton purchase and sale situation in the early stage may come to an end, and it will return to Xinjiang cotton in the short term.

From the recent trend of Zheng cotton futures, we can see that since March 25th, the CF1905 contract of zhengmian main force has been down continuously, with a drop of over 300 yuan / ton.

In the cotton market, there is pressure and downhill support, low grade cotton prices can not escape the fate of falling, but high-grade cotton is still unique, the price has always been strong.

According to the quotations from the central reserve network, the current "double 28" Xinjiang hand picking cotton price is 15900-16000 yuan / ton (gross weight, the same below), and the "double 29" hand picking cotton price is 16000-16300 yuan / ton.

If the upstream consumption is cold, does it mean that the downstream textile business is light?

Not at all.

China cotton net reporter learned from the company's mouth that the yarn sales of textile enterprises are optimistic, and maintain the characteristics of "gold, three silver four".

Henan's textile enterprises basically have no yarn stock, manufacturers start full load, and Shandong and Hebei's spinning enterprises are no better than Henan, but the overall sales volume is good.

Despite the ups and downs of the market, there is a view that market participants generally agree that "as long as there is support for textile orders, the return of cotton consumption is also a matter of time."