Price trend

According to the business data analysis system of SunSirs, as of December 5th, the spot price of 3128B grade cotton was 15,008 RMB/ton, an increase of 26 RMB/ton compared to the price on December 4, and a 0.48% increase compared to the beginning of the month.

In the futures market, the settlement price of the main Zhengzhou cotton futures contract was 13,750 RMB/ton, a decrease of 30 RMB/ton from the previous day. The settlement price of the main cotton yarn futures contract was 20,005 RMB/ton, a decrease of 40 RMB/ton from the previous day.

Market Forecast:

As of December 5th, the fundamentals of the cotton textile industry remained largely unchanged, with ample spot supply. Although the downstream market was entering its seasonal off-season, recent trends showed a stronger-than-expected performance during this period. Cotton yarn trading activity was still relatively good, and companies were mainly focused on replenishing their raw material inventories to meet essential needs. Overall, with new cotton continuously entering the market and supply remaining abundant, and demand still relatively strong, cotton prices are expected to fluctuate within a stable to slightly upward range in the short term.

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