Cotton prices have not improved, and cotton supply will be tightened later

On the 27th, the national collection and storage is nearing completion, but the cotton market has not improved due to a reduction in supply, and the spot price of domestic spot prices has continued to move downwards. The current market has two views on the market outlook. First, it is believed that in order to protect the interests of cotton farmers, the quota issuance in April and May will still be controlled. In the current year, the pressure on funds of cotton enterprises is generally small. In the case of not throwing storage, the domestic cotton in the latter stage Supply or will tighten. Another view is that in late March, the number of cotton spinning mills inquiring and looking at the goods is still very small. After the domestic cotton market lacks policy support, the price will fall under pressure, combined with the large stocks of cotton outside the current bonded area, and the cotton outside the country. Market pressure gradually emerged. On the whole, although the purchasing and storage policies are about to withdraw from the market, the cotton market in the latter part of the year is still largely constrained by the country’s policy of depository storage and quota distribution.

The price of imported cotton in China's main port has risen in an all-round manner, with Central Asia Cotton and American Cotton rising at more than 1 cent, and other varieties have also increased by 0.75-0.8 cents. According to reports, cotton has been continuously delivered to Chinese ports in recent days. At present, the main consignment cottons are mainly Australian cotton, Indian cotton, and Uzbekistan cotton, but the willingness of textile mills to make up the inventory is not strong, and the market is basically in a state of priceless market. The state, while the lack of downstream consumption will limit the cotton price increases.