Due to the control measures for the domestic epidemic situation, the Spring Festival holiday in 2020 will be extended to February 2, and the commencement time will be adjusted appropriately in some areas according to the control of the epidemic situation.

Cotton prices continued to rise on the eve of the Spring Festival holiday, spurred by the signing of the first phase agreement between China and the United States, according to data from SunSirs. As of January 19, the average spot price of domestic cotton was 13,904RMB/ton, 4.14% higher than that at the beginning of January. Later, futures cotton is profitable, good effect digestion, cotton prices show signs of turning down.

Relevant news shows that ice cotton futures fell 2.7% in the past week. As investors are worried that the epidemic will hurt China's demand for cotton, on January 31, ICE settled at 67.50 cents per pound in March and 68.31 cents per pound in May. Investors are not optimistic about the short-term market.

For this epidemic, masks have become necessary for travel, which has an impact on the cotton textile market? For ordinary cotton mask, the material itself is not dense enough, and there is no filtering effect for PM2.5 and other micro particles, which can not prevent virus infection. The main role is to keep warm, the weather turns warm, and the demand for cotton mask is weak. On the other hand, due to the reduction of public entertainment, clothing consumption must decline.

From January to December 2019, China's cumulative exports of textiles and clothing amounted to $271.8362 billion, a year-on-year decrease of 1.89%, of which the cumulative exports of textiles amounted to $120.2692 billion, a year-on-year increase of 0.91%; the cumulative exports of clothing amounted to $151.567 billion, a year-on-year decrease of 4.01%.

Analysts from SunSirs believe that due to the delayed start of the epidemic, textile enterprises may have reduced orders in the near future, and the recovery rate is slow. The price of foreign cotton fell, and the decline of cotton market after the festival was almost fixed.

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