SunSirs: At Present, the Overall Supply of Cotton is Loose
April 20 2023 09:26:01
On April 17th, the benchmark price of lint in Shangshang Society was 15461.83 RMB/ton, an increase of 1.28% compared to the beginning of this month (15266.83 RMB/ton).
At present, the overall supply of cotton is loose, but it is expected that the cotton planting area will decrease in the next year. It is currently in the planting stage of the new year, entering the peak period of weather speculation, and weather and area will become the main factors driving cotton prices. At present, the inventory structure of the cotton textile industry chain is conducting well, and the export data of textiles and clothing in March has improved beyond expectations, giving confidence to the consumer market. However, in the second half of April, the traditional textile peak season is about to pass, and the seasonality of the textile market is weakening. A weakening demand side will constrain the rise of cotton prices, and it is expected that the short-term cotton market will operate in a wide range of fluctuations.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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- 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
