Fundamentals Are Not Conducive To The Continuous Rebound Of Cotton Prices

Zheng Mian Futures opened low and rose high on Monday, rising 30 yuan to close at 13275 yuan, with 84558 transactions and about 349000 positions. Spot price refers to the price of cotton in China 3128B cotton reported 13359 points, up 3 points. Spot prices are generally stable, market fundamentals have weakened, and sales of downstream products have declined recently, resulting in Finished product inventory Increase, which will affect the upper There are many rumors about the purchase of tourism raw materials and the market dumping and storage. All parties wait for the implementation of relevant information, which makes the domestic market Spot market With the pressure increasing and the sharp drop of ICE cotton futures price, Zheng Mian Futures is expected to fall back in recent days, and the market situation is generally weak. The support level below the contract in 1509 was around 13000.

　　ICE cotton Futures closed sharply on Monday, with the most actively traded July contract falling 1.92 cents to 64.92 cents, the largest one-day decline in 11 months, taking back the previous The rising range for three consecutive trading days, with a deep decline, the price fell below 65 cents. The dollar closed higher. The profit taking of investors dragged down cotton prices. The most fundamental reason is that investors lack confidence in the future The stock is huge, but the annual improvement in the future is not as expected, and the recent sales data is poor. The fundamentals are not conducive to the continuous rebound of cotton prices. The cotton prices have dropped sharply, with heavy selling pressure. Recently, there is still a trend of inertia decline, and the overall situation is still in Interval trading.

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Recent market The spot subscription and order delivery of some large-scale business outlets of T/C65/35 polyester/cotton blended yarn 60S × 60S, 90 × 88 specifications of reactive printing embroidery cloth, T/C80/20 polyester/cotton blended yarn 45S × 45S, 110 × 76 specifications of reactive printing embroidery cloth and reactive printing cloth are still relatively smooth. T/C65/35 polyester cotton blended yarn Woven polyester cotton reactive printing cloth, polyester cotton jacquard cloth, polyester cotton burnt out cloth, polyester cotton cut-out cloth, polyester cotton burnt out cloth and other varieties with T/C80/20 polyester cotton blended yarn as the main raw material are mainly used to make summer women's clothing, including yarn dyed polyester cotton cloth, reactive dyed polyester cotton cloth and other fabrics. The spot market volume has increased slightly, and small and medium-sized business households are active in small batch purchase of color and pattern matching of many varieties, The number of transaction batches increased slightly, and the daily sales volume increased slightly; New patterned fabrics developed by some large-scale stores, printing and embroidery processing enterprises, and physical fabric companies with front stores and back factories occupy the market advantage, and the order acceptance and delivery have also increased in recent days.

In recent days, spot subscription and order delivery of printed T/C polyester cotton cloth mainly for summer women's wear are still active. The dynamic sales range has slightly expanded, and the sales volume has slightly increased compared with the previous period. The transaction of matching pattern varieties is quite smooth, and the new pattern fabrics for summer use have obvious advantages in marketing. The sales volume of other leisure pure cotton fabrics in summer, such as jacquard, cut, embroidery, burnt out, burnt out and yarn dyed fabrics, also increased slightly compared with the previous period. The new pattern fabrics for summer use still occupy the market advantage, and the added value of innovative and creative pattern fabrics has increased compared with popular products.

In the recent market, the number of door-to-door customers of printed T/C polyester cotton cloth for summer casual tops made by fashionable women and thin printed T/C polyester cotton cloth for women's summer casual shirts, suits, shorts and skirts has increased compared with the previous period. Spot subscription and order delivery are quite active, and the turnover has increased compared with the previous period. The sales volume in recent days shows a small upward trend. The production autonomy of some physical textile companies with printing or embroidery processing enterprises and front store and back factory style has been fully reflected. The research and development of new patterns that are marketable and creative still become popular products in the market. Counterpart merchants scramble to order, and the marketing advantages gradually emerge. Some new patterned fabrics printed with 30S × 30S, 32S × 32S, 40S × 40S, 45 × 45S T/C polyester cotton, yarn dyed fabrics, etc., have increased in popularity, and the corresponding merchants of summer printed T/C polyester cotton fabrics are still active, with sales slightly rising compared with the previous period.

Other thin regular density products for summer use, especially the CVC45S × 45S, 110 × 76 specifications of reactive printed rags, CVC45S × 45S, 110 × 76 specifications of reactive printed embroidered fabrics and other style renovated and creative pattern products are also ordered by the corresponding customers in small quantities and in many varieties, and the added value of creative pattern fabrics is still higher than that of popular products. Recently, there has been an increase in the market entry of counterparts from north to south. The spot transaction and order delivery of summer T/C polyester cotton cloth in the cotton market of China Light Textile City have increased, and the transaction has been pushed up by shocks. Xiayong T/C polyester cotton layout department interacts with many models, and the sales are smooth. Creative patterned fabrics win with new products, and the added value of products is still boosted. In autumn, partial orders of T/C polyester cotton cloth increased.