1、 Price quotation
According to the data of business news agency, the spot price of cotton rose after the Qingming Festival holiday, 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 was 15383 yuan / ton on the 7th. According to the data of the national cotton market monitoring system, as of April 2, the national new cotton sales rate was 85.1%, increased by 2.9% on a month on month basis, of which Xinjiang cotton sales rate was 85.0%, increased by 3% on a month on month basis; the national cumulative sales of lint was 5.058 million tons, increased by 169 thousand tons on a month on month basis. The increase of weekly sales data shows that the market demand is still growing, especially in the peak production season of textile enterprises, and the downstream demand has support.
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 the contract in July was 80.47 cents, up 129 points; the settlement price of the contract in December was 79.41 cents, up 154 points; other contracts were up 91-138 points.
Futures: April 6 Zheng cotton main contract 2105 contract rose 2.13%. April 7 Zheng cotton main contract 2105 contract rose 0.37%.
3、 Downstream industry chain
Recently, after a round of decline in cotton prices, enterprises lack confidence in purchasing, and purchasing strength is declining. With the gradual stabilization of cotton prices, raw material inventory is gradually declining, and the production peak season is superimposed, enterprise purchasing will also be gradually launched. At present, the trading volume of cotton yarn and grey fabric market remains light, the pure cotton yarn market is not good as a whole, the cotton yarn inventory of yarn mills 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% year-on-year respectively, 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 respectively. From January to February, China’s textile and clothing exports reached US $46.1 billion, up 55.0% year on year. The data of the first two months shows that the export growth of the textile industry has increased significantly. At present, the cotton fundamentals maintain a healthy operation. By the end of February, the national cotton commercial inventory was 5.0472 million tons. It is expected that the cotton position will fluctuate upward in the later period.
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