Signs Of A Rebound In Textile Market In May (2020.5)

This month, with the easing of the European and American epidemic situation and the strong support from the US cotton export data, Zheng cotton futures continued to rebound for most of the month, and once rebounded to close to 12000 yuan / ton, but several shocks did not break through, and then began to turn back to 11500 near the end, and continue to shake the adjustment. Market locusts and rumors also start again. They may continue to erupt in 6-7 months, threatening cotton production in India and Pakistan, leaving much room for speculation in the cotton market.

However, despite the increase in cotton prices during the month, China's cotton yarn price index and imported cotton yarn price index continued to fall, and the surface downstream market recovered less than expected.