According to feedback from cotton traders in Shandong, Henan and other places, since May 28, Zheng cotton has oscillated and rebounded (CF2109 contract price increased from 15,300 yuan/ton to 15,750 yuan/ton), and spot price trading has gradually cooled down. However, the low-price Xinjiang cotton resources traded at “fixed price” at warehouse points inside and outside Xinjiang have increased significantly, and the center of gravity of transaction prices has moved slightly upward. Some small and medium-sized cotton spinning mills and middlemen are still in a strong mood of “buying up, not buying down”. Overall, the price inquiry and shipment of lint in the domestic spot market have not improved much compared to mid-to-late May. Cotton spinning companies still mainly buy as they go, and have not entered the market in large quantities below 15,500 yuan/ton.
What factors lead to repeated delays in cotton replenishment by cotton spinning enterprises? The author investigated and summarized the following points: First, the prices of other cotton spinning raw materials such as viscose staple fiber and polyester staple fiber have dropped. It is understood that 1.2D*38mm viscose staple fiber dropped from 15,840 yuan/ton in early April to 15,140 yuan/ton at the end of the month, and then to about 12,700 yuan/ton on May 31, a drop of 19.8%; second, 6- The situation of orders received by textile and garment enterprises in August is not optimistic. On the one hand, domestic sales orders have entered the off-season, and there is a shortage of goods. On the other hand, the epidemic situation in India, Pakistan, Bangladesh and other countries is gradually coming under control. Orders from Europe, the United States and Japan are returning again. The sharp appreciation of the RMB and the soaring sea freight have made it difficult to get a ticket. Third, in 2020/21, domestic cotton supply is sufficient, spinning profits are high, and finished product inventories are low, which have enhanced the ability of cotton spinning mills to cope with significant fluctuations in raw material prices and withstand market risks. </p
