Cotton Starts To Rebound After Qingming Holiday

1、 Price quotation

According to the data, after the Qingming holiday, the spot price of cotton rose, and the price of 3128b on the 7th was about 15389 yuan / ton.

2、 Market analysis

Domestic: it is reported that China's cotton price index 3128b on the 7th was at 15383 yuan / ton. According to the national cotton market monitoring system data, as of April 2, the national new cotton sales rate was 85.1%, increased by 2.9 percentage points on a month on month basis, of which Xinjiang cotton sales was 85.0%, with a month on month increase of 3 percentage points; the cumulative sales of lint in the whole country was 5.058 million tons, an increase of 169 thousand tons on a month on month basis. The increase of sales week on month data shows that the market demand is still there, especially in the peak production season of textile enterprises, and the downstream demand is supported.

International: ice cotton market rose sharply on June 6. The settlement price of the main contract in May was 79.22 cents, up 134 points; the settlement price of July contract was 80.47 cents, up 129 points; the settlement price of December contract was 79.41 cents, up 154 points; other contracts increased by 91-138 points.

Futures: on April 6, Zheng Mian's main contract 2105 rose by 2.13%. On April 7, zhengmian's main contract 2105 rose 0.37%.

3、 Downstream industry chain

In recent years, cotton price has experienced a round of decline, and the enterprise's purchasing confidence is insufficient, and the purchasing strength is declining. As the cotton price gradually stabilizes, the raw material inventory gradually decreases, and the enterprise's procurement will also be carried out gradually when the production peak season is superimposed. At present, the cotton yarn and grey cloth market remains light, and the pure cotton yarn market is not good as a whole. The cotton yarn inventory of the cotton mill continues to accumulate, but it is still at a low level, and the load is mainly stable.

According to statistics, from January to February, the output of chemical fiber, yarn, cloth and clothing of Enterprises above designated size increased by 32.5%, 45.9%, 24.1% and 38.4% respectively year-on-year, and the growth rate was 46.1%, 85.3%, 60.1% and 75.0 percentage points higher than that of the same period of last year. From January to February, China's textile and clothing exports reached 46.1 billion US dollars, up 55.0% year-on-year. The data of the first two months showed that the export growth rate of the textile industry increased significantly. At present, cotton fundamentals maintain a benign operation, as of the end of February, the national cotton commercial inventory is 5.0472 million tons, and it is expected that the position of cotton will fluctuate upward in the future.