1. Price Quotes

On the 12th, the price of 3128B lint was around 16,231 yuan/ton. The month-on-month increase was 5.54%.

2. Market analysis

On the 12th, China's cotton price index was 3128B, 16218 yuan, an increase of 144 yuan from yesterday. Since May, the cotton spot market has been in a volatile upward trend, and the market has been relatively good. As of May 11, 2021, the total processing volume of lint in Xinjiang has reached 5,782,000 tons. In the futures market, the opening price of Zheng Mian’s main contract 2109 on the 12th was 15,945 yuan/ton, the settlement price was 16,135 yuan/ton, and the closing price was 16,310 yuan/ton, up 2.58% from the price of the previous trading day. Recently, the US cotton market has weakened slightly. Pay attention to the upcoming May USDA supply and demand report.

3. Downstream industry chain

The price of pure cotton yarn continued to improve, and the market was relatively smooth. The price of various cotton yarns rose slightly. Due to the large fluctuations in the price of raw materials, spinning enterprises mainly focused on small and short orders. The price of pure cotton yarn has been relatively strong recently, with an increase of about 300-500 yuan/ton. At present, the cotton yarn inventory of spinning enterprises continues to decline. On the whole, spinning mills still focus on delivery, and some are facing insufficient new orders. The next parade is relatively good, and it is expected that the future market will fluctuate.

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