Cotton market spot price trend

At present, the high-grade cotton resources of textile mills are in short supply, but due to the expectation of throwing storage by textile enterprises, cotton purchases are cautious, and the import quotas are in urgent need. Currently, the enterprises think that throwing reserves is imperative, and now they are only concerned with how to formulate a throwing reserve price after throwing storage. As well as the possible implementation of the macro-control model, which will be tied up with reserves and quotas, these have become the focus of the current hot cotton market.

Recently, the state reserve cotton out of storage soon, textile enterprises purchasing lint enthusiasm decreased, coupled with the downstream orders have not improved, the spot price of lint fell, combined with market pressure, is expected to match the market in a short period of time will be in a downward trend of weak oscillation.

Since the international market is on weekends, the quoted price of imported cotton in China's main port has remained stable. At present, when China issues import cotton quotas is the focus of companies that need to buy imported cotton. Sources said that in mid-January the country will launch a new macro-control policy for cotton, and industry knowledge suggests that it may include issuing imported cotton quotas. Because of this, the contact between the company and the cotton trader has become more frequent now and the inquiry has been more positive.