Hebei: Futures Market Rises After The Festival, Cotton Related Enterprises Pay Attention To Epidemic Situation

After the new year's day, cotton and cotton yarn futures continued to rise a few days ago, the market went up all the way, and the cotton point price trading volume of textile enterprises in Hebei Province, which was still waiting before the festival, increased. With the coming of the Spring Festival and the arrival of the winter season, the epidemic situation has appeared sporadically in various parts of the country. Cotton enterprises are highly concerned about the epidemic situation, and the Spring Festival holiday arrangement will also be carried out according to the local prevention and control requirements.

On January 4, the opening price of zhengmian 2105 contract was 15080 yuan / ton, closing at a higher position of 15375 yuan / ton, which was 290 yuan / ton higher than that on the trading day before the festival, with a maximum of 15380 yuan / ton, which was higher than the 15350 yuan / ton on October 19. The main contract of cotton yarn cy2105 opened at 21835 yuan / ton, then dropped slightly to 21730 yuan / ton, then went all the way up to 22330 yuan / ton and closed at 22325 yuan / ton, an increase of 445 yuan / ton compared with the trading day before the festival. The rise of cotton and cotton yarn market has driven the enthusiasm of enterprises to purchase products. Since the middle of November, the focus of Zheng cotton futures market has gradually increased. On December 22, futures went down, and some enterprises took a wait-and-see attitude towards purchasing. However, with the rapid rise of futures market again, the purchase volume of enterprises increased.

Affected by the gradual increase of Zhengzhou cotton futures market center, most of Xinjiang cotton sales remained firm with the point price of futures market. The basis quotation of some hand picked cotton was 700-1000 yuan / ton, that of machine picked cotton above grade 28 was 500-700 yuan / ton, and that of slightly lower strength was 300-500 yuan / ton. The price of grade 3 white cotton with better index of real estate cotton is 15200-15400 yuan / ton (gross weight with bill price) and grade 4 of white cotton is between 14900 yuan / ton and 15100 yuan / ton.

At present, cotton yarn market also maintained a strong trend, some enterprises orders are still good, raw materials are more sufficient before the festival. Under the condition of better control of the epidemic situation, enterprises said that they would arrange normal holidays during the Spring Festival.