China'S Cotton Price Index Rose 30 Yuan/Ton Compared With The Previous Trading Day
On Wednesday, Zhengzhou cotton futures prices fluctuated. The closing price of Zheng cotton's May contract was 13590 yuan/ton, down 10 yuan/ton, or 0.07%, from the previous trading day.
In terms of spot goods, China's cotton price index (CCIndex) 3128B Xinjiang machinery picking price was 14140 yuan/ton, 30 yuan/ton higher than the previous trading day, and the basis difference between 3128B Xinjiang machinery picking price and Zheng Mian's main contract (CF2505) was 550 yuan/ton.
As the Spring Festival approaches, textile enterprises mainly need to make up inventory.
In terms of external market, the futures price of American cotton fluctuated on Wednesday. The March contract of American cotton closed at 67.77 cents/pound, up 0.3 cents/pound, or 0.44%, from the previous trading day.
According to data released by ICE, the inventory of No. 2 cotton futures contracts deliverable by ICE fell to 218 bales as of January 14, compared with 20113 bales the previous trading day.
The January supply and demand report released by USDA raised China's output by 390000 tons to 6.53 million tons, and slightly reduced imports by 10000 tons to 1.74 million tons; US output increased by 30000 tons to 3.14 million tons, export decreased by 70000 tons to 2.4 million tons, and inventory consumption ratio increased by 3.78 percentage points to 37.6%; Global production increased by 1.4 million tons to 26.01 million tons, consumption increased by 450000 tons to 25.23 million tons, and inventory consumption ratio increased by 2.11 percentage points. As of the week of January 2, the cumulative export contract of American cotton in this year was 1.8142 million tons, a year-on-year decrease of 244600 tons, or 11.88%.
The USDA report in January significantly increased China's production and global production, but according to the export volume of American cotton estimated in the report in January, it is still optimistic. There is still room for downward adjustment in the future, and the bad news has not been completely released.
In the context of loose supply and demand in the global balance sheet, the data released by ICE on operational maintenance before the second quarter of 2025 shows that the inventory of No. 2 cotton contract deliverable by ICE has dropped to 218 bales as of January 14, compared with 20113 bales on the previous trading day. In addition, we need to pay attention to the marginal change of tariff policy after Trump officially took office.
- Related reading
Market Insight: The Year-On-Year Growth Rate Of Brazilian Cotton Exports Fell Sharply
|Market Dynamics: Brazil Has Obvious Advantages In Continuous High-Yield Cotton Export
|Market Observation: The Basis Of Spot Sales Of Domestic Cotton Is Relatively Large And Temporarily Stable
|- Successful case | 創新中心碳捕集纖維綠色低碳新探索
- Shoe material | 「高士」多功能鞋材RhenoprintTM工藝革新之作:三款RP系列環保港寶助力鞋履綠色升級
- Market topics | Market Observation: Global Cotton Production And Ending Inventory Increase, Market Bearish Increase
- I want to break the news. | Quanzhou: With Digital "Wings" Inserted, The Industry Becomes Intelligent And New
- Standard quality | The National Standards Commission Approved And Issued 243 Recommended National Standards
- I want to break the news. | The People'S Government Of Xucun Town, Haining City Visited China Textile Federation To Seek Innovative Development Of The Industry
- Wealth story | 哈爾濱亞冬會中國體育代表團領獎裝備發布
- Efficiency manual | The New Book "Fashion Awakening: The Golden Decade Of China'S Clothing Industry" Is Listed
- Business School | Editorial Meeting Of 2025 Sleep Aid Insight Report Was Held In Beijing
- Commercial treasure | At The End Of The Year And The Beginning Of The Year, Check The Latest Progress Of The Integration Of Data And Reality In The Textile Industry
- Bosiden Was Selected As One Of The First Typical Cases To Effectively Reduce The Logistics Cost Of The Whole Society
- 浙江杭州“新中式”服飾年前熱銷 商家訂單需排期
- 世界羊絨看中國 中國羊絨看內蒙古
- 贏家時尚榮獲2024灣區時尚大獎-行業功勛獎
- 枕棉潤紡的記憶與溫暖——建行南通分行支持紡織行業加速轉型升級
- 波司登董事局主席高德康:數智賦能時尚產業高質量發展
- Xu Jianlin, General Manager Of Nanjing Textile Group: Quality Leader 2025 · Pioneer Talk
- President Liu Jiaqiang: Demonstrate Development Resilience In Difficulties, And Achieve Steady Progress In The Wool Textile Industry
- To Comprehensively Improve The Market Image, China Light Textile City Launched A Special Management Action
- President Gu Ping: The Development Of Textile Machinery Industry Should Be "Stable" And "Solid"