SunSirs: U.S. Cotton Went Down, Zheng Cotton Adjusted, and the Domestic Spot Market Fluctuated Widely
September 20 2022 10:01:59 SunSirs (John)
Price trend
On the 19th, the price of 3128B lint cotton was 15,695 RMB/ton, down 1.20% from the previous month.
Analysis review
The domestic cotton spot market price was relatively stable, and the enthusiasm of downstream textile enterprises to stock up supported cotton prices. At present, most of the cotton areas in Xinjiang have entered a period of flourishing. It is expected that machine-picked cotton will be listed on the market at the end of September, and the capital market is enthusiastic. However, compared with last year's situation, the room for price increase is not expected to be too large.
Affected by macro factors, the December US cotton contract fell below 100 cents on the 16th, hitting a one-month low. Finished yarns continued to be in the stage of reducing inventory, and the delivery of medium and low-count yarns was better. Most of the goods sold by textile enterprises were mainly scattered orders and small orders, and the continuity of orders was still not strong. In terms of grey fabrics, the start-up situation of the weaving mills was not as good as that of the spinning mills, showing a slight lack of power, and the overall order situation was far below the level of the same period in previous years.
Market outlook
Pay attention to the situation of new downstream orders and the price of cotton in the new year. It is expected that the cotton price will fluctuate widely in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-01-03 SunSirs: The Intentional Planting Area of Cotton in China in 2024 Decreased
- 2023-10-25 SunSirs: The Quotation for Imported Cotton Increased Significantly Yesterday
- 2023-05-29 SunSirs: Cotton Market Rose First and then Fell This Week (5.22-5.27)
- 2023-05-24 SunSirs: In April 2023, China's Cotton Cloth Exports will be 532 Million Meters
- 2023-05-22 SunSirs: Cotton Prices may be Stable and Relatively Strong in the Short Term
