Rumors Of Stimulating Market Cotton Prices Into The Rebound Fast Lane?

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According to business statistics, as of April 23rd, the average price of the domestic lint spot market was 11378 yuan / ton, up 1.42% from the beginning of the month, down 27.54% from the same period last year. This week, the domestic lint spot overall showed a downward trend, but in April 22nd, the market rumors that China will purchase a variety of agricultural products, may increase imports to the US cotton, ICE cotton rebounded sharply. On the 23 day, Zheng cotton's main contract rose by 5.31% on a single day, and cotton prices seemed to blow up the counterattack horn.

The relevant agencies and insiders generally believe that the bottom of ICE has ended, and it will stand 50 cents per pound from the rebound of 40 cents per pound. Next month, 4/5 will gradually stand on 55 cents / pound, which is expected to exceed 60 cents / pound. But the fact that the price of crude oil is negative is telling us that the bottom may exceed the imagination of most people. Despite the idea of bottoming out, bear markets look at demand and multinational economic activity is at a low level. According to the latest statistics of the General Administration of Customs of China, in March 2020, the export volume of textiles and clothing was 15 billion 430 million US dollars, down 15.13% from the same period last year. If orders are restored, the market itself will send out signals.

The market is also concerned about the progress of the first stage trade agreement between China and the United States, or promoting the export of US cotton to China. Earlier, in the early April, the US cotton export weekly showed that the export data of US cotton were not ideal, and there was a lot of breach of contract in China, and the worst record of the year. In April 22nd, it was rumored that China would purchase various kinds of agricultural products. The news has not yet been confirmed that even if it is confirmed, how much cotton is there? The real performance of the market is concerned with the latest US cotton export data.

Some people believe that the domestic demand for cotton is greatly increased. Since March, the resumption of production and production of Chinese enterprises has been speeded up, and cotton demand is also called a question mark. Under the globalization of trade, no one can stand alone, and the epidemic situation is still at a stage of resistance. The resumption of economic activities is open to question. Attention should be paid to the trend of overseas epidemic and the perfection of scientific reemployment measures. The current turning point is not clear, and the situation in different regions is different. The market recovery period is different, and the industrial chain fracture is hard to repair. Calm down and think that it is not realistic to bring the cotton market back to China with China's own strength. Has the world's cotton spinning orders been wrapped in China before?

Lint seems to have been temporarily off the spot and has become a trend following trend. The trend of crude oil mostly reacts to the stock market, and the period of cotton is driven by crude oil for some time.

Business analysts believe that this period of cotton rise, there is a rebound in crude oil driven factors, positive rumors stimulating factors, but the turning point of demand recovery has not really arrived, cotton city confidence is insufficient, cotton becomes the follower. From the beginning of the year, the average price of the ending officials at the end of March was around 11500 yuan / ton. In April, the main force of zhengmian was at 10700 yuan / ton - 11700 yuan / ton.