Market Worries Increase Before May Day

With the May Day holiday approaching, the market is worried.
First, worry about the fall of cotton prices in festivals. Recently, the overall trend of Zheng cotton upward, not unexpected breakthrough. However, prices remain volatile. In particular, with the "gold, silver and four" coming to an end, enterprises generally worry about the market "extreme joy makes sorrow". Therefore, we all maintain a relatively conservative attitude towards warehouse receipt cotton and imported cotton.
Second, worry about orders after the festival. Recently, the outbreak of the epidemic in India, a few people have hope for the return of orders. However, many people in the industry do not have much hope for the so-called massive backflow of orders. Even some people in the industry said that the order return from September to October last year was also fake.
Therefore, no matter textile mills, weaving mills or garment factories, with the advent of the summer off-season, the industry is generally worried about the shortage of orders and enterprises have no rice to go to the pot.
Third, the impact of cotton will increase? Since the beginning of April, foreign cotton continued to rebound. According to the feedback from several international traders and trading enterprises, the RMB price of foreign cotton has generally increased by 200-300 yuan / ton recently. Moreover, at present, China's main port foreign cotton warehouse has even reached a record high, conservatively estimated that the main port inventory is more than 500000 tons. In the downstream demand is not prosperous, but the supply is sufficient, we are worried that foreign cotton will cause greater impact on domestic cotton.
Fourth, the impact of weather on cotton. From the seasonal point of view, from the end of April to the first ten days of May is the key period of cotton sowing and seedling. The weather directly affects the future yield and cotton quality. Therefore, the market generally pays more attention to the future weather. According to the weather forecast, the market is expected to have more rain and wind this year than in previous years, which has increased people's worries.