Since this week, Zheng cotton futures have maintained a weak and volatile operation, and today continue to drop to around 15,500 yuan/ton. In the early stage, most textile companies and intermediary trading companies, the price setting points were mostly concentrated at 15,500-15,600 yuan/ton. tons range. Zheng Mian dipped again, promoting the transaction of pending orders.
According to the author’s research, since May, the products of downstream yarn companies have been relatively strong, and some yarn prices were raised at the beginning of the month. However, although cotton prices have risen and fallen repeatedly in the subsequent months, Yarn prices have not been adjusted frequently. The main reason is that after entering the textile off-season, the overall order volume of downstream companies has dropped compared with the peak season. Under the premise of limited order transactions, upstream and downstream companies hope to maintain a relatively stable production and sales model to avoid fluctuations in product prices on existing orders. Losses caused by adjustments. Furthermore, the price of cotton raw materials has declined moderately recently, and the profits of textile companies have increased. However, the profit growth is slow and is not enough to provide absolute support for adjusting product prices.
Recently, investors in the commodity market have a strong risk aversion, coupled with the increased rainfall expectations in the Texas cotton area of the United States, the internal and external futures have fallen together, increasing the willingness of textile companies to chase low prices. . According to some cotton textile companies in Shandong and Henan, the number of orders in May has decreased compared with April, but it is significantly more than in previous years. Among them, home textile orders are relatively hot. As the 6.18 Online Shopping Festival for some e-commerce platforms is about to begin, online merchants’ stocking orders have been growing rapidly recently, and the off-season characteristics are obvious.
Some companies believe that futures prices have fallen back recently, but there is still the possibility of rising again in the future. Therefore, it may be an excellent time to stock up in the near future. As long as there are orders arranged, they will Purchase a certain amount of cotton in a timely manner through various methods such as online or offline. Compared with the first half of last year, the demand for textiles and clothing has increased significantly this year, and cotton consumption has increased significantly. During the off-season for textiles, cotton purchases and sales proceed steadily, which will help stabilize the overall industrial environment. </p
