1、 Price quotation

According to the data of business news agency, the price of 3128b lint was about 16231 yuan / ton on the 12th. It was up 5.54% month on month.

2、 Market analysis

On the 12th, China’s cotton price index was 3128b, 16218 yuan, up 144 yuan from yesterday. Since May, cotton spot market is in a volatile upward trend, the market is better. As of May 11, 2021, the total amount of lint processing in Xinjiang is 5.7826 million tons. In the futures market, the opening price of the main contract 2109 of zhengmian on the 12th was 15945 yuan / ton, the settlement price was 16135 yuan / ton, and the closing price was 16310 yuan / ton, up 2.58% from the previous trading day. Recently, the U.S. cotton market slightly weakened, focusing on the upcoming USDA supply and demand report in May.

3、 Downstream industry chain

The price of pure cotton yarn continued to improve, and the market was smooth. The price of various varieties of cotton yarn rose slightly. Due to the large fluctuation of raw material price, the textile enterprises were mainly small orders and short orders. The price of pure cotton yarn is relatively strong recently, with an increase of about 300-500 yuan / ton. At present, the cotton yarn inventory of textile enterprises continues to decline. On the whole, the mills still focus on delivery, and some of them are facing the shortage of new orders. The downstream market is better, and the future market is expected to be mainly volatile.