According to the price monitoring of SunSirs, on November 27, the average price of grade 3128B lint in the domestic spot market was 13,114RMB/ton, which was basically the same as that of last Wednesday (1,120). The closing price of CFM2001 is 12,830RMB/ton, 70RMB/ton higher than Monday's price (closing price).

In the middle of November, due to trump's tough words, the market generally believed that it was difficult for China and the United States to sign relevant trade agreements this year, and the international cotton price dropped significantly. The output and quality of domestic new cotton have been frustrated, and the material reserve bureau has started to enter Xinjiang cotton in turn, with the spot price rising steadily. The domestic spot price fell last week due to the international cotton price reduction. Last weekend, U.S. officials said it was still possible to reach a first phase agreement before Christmas. China announced that it would seek to improve the protection of intellectual property rights. Both China and the United States expressed their willingness to end the trade war, and positive signals boosted the cotton market. In October, the number of foreign yarn arriving at the port is relatively large, and the shipment volume is average, so the port inventory pressure rises again. Due to the low cotton price in the early stage, although the price rebounded in October, the recent cotton price fluctuation is stable, the quotation of domestic cotton yarn manufacturers is basically stable, and the large inventory is generally preferential.

Analysts of SunSirs believe that the market pays attention to the signing of Sino US trade agreement, international cotton prices may fall, and domestic spot goods may fall back.

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