Lower Reaches Good Cotton Market Shock Rise

On the 12th, the price of 3128b lint was around 16231 yuan / ton. Up 5.54% month on month.

2、 Market analysis

China's cotton price index was 16218 yuan, up 144 yuan from yesterday. Since May, cotton spot market is in a shock upward trend, the market is good. As of May 11, 2021, the total lint processing volume in Xinjiang is 5.7826 million tons. In the futures market, the opening price of 2109 contract of zhengmian main contract on December 12 was 15945 yuan / ton, the settlement price was 16135 yuan / ton, and the closing price was 16310 yuan / ton, which was 2.58% higher than the price of the previous trading day. Recently, the U.S. cotton market slightly weakened, focusing on the upcoming USDA supply and demand report in May.

3、 Downstream industry chain

Pure cotton yarn prices continue to improve, the market is more smooth, the prices of various varieties of cotton yarn rose slightly, due to the fluctuation of raw material prices, textile enterprises mainly focus on small orders and short orders. The price of pure cotton yarn is stronger recently, with an increase of 300-500 yuan / ton. At present, the cotton yarn inventory of spinning enterprises continues to decline. On the whole, the mill is still mainly to deliver, and some are facing the shortage of new orders. The downstream market is better, and it is expected that the market will fluctuate in the future.