Price trend

According to the monitoring of SunSirs, the price of 3128B lint on the 12th was 15,203 RMB/ton, down 0.03% from the previous trading day and up 1.73% month-on-month.

Analysis review

There was news of a reduction in the cotton planting area in 2023 at home and abroad. The planned planting area of China's cotton was 42,747,000 mu, with a year-on-year decrease of 3.5%. In addition to the overall relaxation of the domestic epidemic prevention policy, the market expected a rebound in demand in the future, and the sentiment of being reluctant to sell and bullish increased. The cotton price performance was relatively strong.

The cotton supply is sufficient, the textile enterprises replenish the stock before the festival ended, the domestic terminal demand had not improved significantly, and the textile enterprises' purchasing enthusiasm had declined. As the Spring Festival approaching, downstream yarn enterprises had holidays one after another, rayon yarn was basically in the final stage, and the overall starting rate of grey cloth continued to decline.

Market outlook

It is expected that the market will be mainly consolidated before the year, and follow-up attention should be paid to the order situation after the year.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com