Market Analysis: International Cotton Yarn To Stop Falling To Rise, While Domestic Yarn Price From Stable To Down

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Southeast Asia to speed up the order, international cotton prices tend to run stronger. The International Monetary Fund says Western sanctions against Russia will slow global economic growth and push up inflation, and may fundamentally reshape the global economic order. The number of Americans applying for unemployment benefits for the first time last week fell to the lowest level since 1969.

In terms of the international cotton market, the US cotton export contract remained at a high level last week and the annual record of shipment was set at 70400 tons and 101700 tons respectively. In March, India's cotton production and consumption Commission lowered the cotton production of this year from 367000 tons to 5790000 tons, and the consumption increased by 391000 tons to 5865000 tons. According to the national commodity supply company of Brazil, the cotton planting area in Brazil is expected to be 1.6 million hectares this year, an increase of 16.8% year-on-year. In the international textile market, Vietnam and other major textile producing countries are returning to work rapidly, and export orders have increased significantly, and some factory orders have been arranged to the third quarter. US corporate activity rebounded to an eight month high in March and consumer confidence recovered. In the short term, cotton planting in the northern hemisphere has entered a critical period, overseas market demand has increased, and the international cotton price remains relatively strong, and the operation probability is high.

The textile market "gold three silver four" has not arrived, the domestic cotton price is weak. On March 21, the executive meeting of the State Council decided to implement the policy arrangement of large-scale VAT rebate to provide strong support for stabilizing the macro-economy; We will deploy comprehensive measures to stabilize market expectations and maintain a stable and healthy development of the capital market.

In terms of domestic cotton market, lint sales are still sluggish. According to the data of international cotton market monitoring system, as of March 24, the total lint processed nationwide was 5.785 million tons, with a year-on-year decrease of 153000 tons; The national lint sales were 257.0 tons, a year-on-year decrease of 2.319 million tons.

The market situation is grim, and the rebound of the epidemic situation leads to poor logistics, which further hinders the sales of cotton yarn. It is urgent for some enterprises to reduce the starting rate, reduce the inventory of cotton yarn and reduce the loss. With the acceleration of the reexamination of the resumption of work in Southeast Asia, the phenomenon of diversion of external single is prominent. According to the survey, about 70% of cotton yarn and cotton enterprises' orders decreased month on month and year-on-year. In the short term, domestic consumption continued to be depressed, fancy yarn price deviated, lint sales pressure intensified, domestic cotton price trend was relatively cautious.

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