Price trend
On January 23, cotton prices stopped falling. According to SunSirs' commodity market analysis system, as of January 23, the spot price of 3128B grade lint cotton was 15,886 RMB/ton, an increase of 0.18% compared to the previous day. In terms of futures, the settlement price of the Zhengzhou cotton main contract was 14,725 RMB/ton, an increase of 120 RMB/ton compared to the previous day.
Market analysis
Following the continuous price correction in Zhengzhou cotton futures since last week, buying interest in the domestic cotton market was significantly stimulated. Trading activity at warehouses both inside and outside Xinjiang had been relatively active, and the volume of "basis point pricing" transactions continued to improve. As the Spring Festival approaching, yarn inventory shipments accelerated, but new orders were insufficient, and production remained stable.
Market outlook
Considering the current situation, although cotton prices have recently experienced a slight correction, expectations of a reduction in cotton planting area in Xinjiang for the 2026/27 season still exist. The expected downside is limited. However, as cotton prices strengthen, spinning margins will be squeezed, putting upward pressure on cotton prices. Therefore, cotton prices are expected to fluctuate in a narrow trading range in the short term.
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