Recently, cotton prices have been rising like a rainbow, constantly hitting new stage highs. Driven by Zheng cotton futures, not only the spot price of cotton continues to rise, but also the average auction transaction price of reserve cotton continues to rise. Will cotton prices continue to rise in the future? The market is very concerned about shock callbacks.
According to recent research by reporters, the current cotton spinning industry chain maintains a bullish attitude towards the market outlook. Traders said that the current cotton price is nearly 17,000 yuan/ton, and there is no sign of a correction, which means that the market maintains high expectations for the purchase price of seed cotton in the new year. Some cotton experts predict that the opening price may reach more than 8.0 yuan/kg. Especially this year, Xinjiang has added cotton production and processing lines, and the competition in the acquisition market has become more intense.
The textile downstream is an important link that the market pays great attention to, especially the quality of consumption is directly related to the rise and fall of cotton prices in the future. A textile company said that the current order situation is good, especially the production and sales of mid-to-high-end yarns, while the production and sales of low-count yarns are relatively poor. As cotton prices continue to rise, yarn prices are also transmitted smoothly. A rising tide lifts all boats, and production profits are in a historically good period. Some companies have relatively large inventories of raw materials, lasting more than three months. Some companies have tight inventories of raw materials and need to buy them as they are used.
In view of the recent fierce bidding for cotton reserves, traders believe that although the bidding volume of market trading companies is relatively large, some of them are for textile companies, and some companies are optimistic about it. In the market outlook, I think there is still room for prices to continue to rise. In addition, cotton prices continue to rise, basis prices are high, and point-price trading advantages are declining, and companies are turning to bidding to reserve cotton. Some companies believe that the reserve cotton resources to be rotated out are mainly hand-picked cotton, and the cost performance has certain advantages over new cotton resources.
Although the current market is bullish, some people also hold a bearish view. They believe that the cotton price has risen to 17,000 yuan/ton, and the price is at a high level in recent years. The improvement of downstream orders and The transfer of foreign orders is not irrelevant. If the foreign epidemic is controlled in the later period, once orders return, it will inevitably have an impact on domestic orders. Cotton prices have been rising for several consecutive days, and callback expectations are also strengthening. Therefore, this round of rising and falling cotton prices needs to be viewed cautiously and rationally. </p
