Exclusive news from China Cotton Network: This week (July 5-9), affected by the record highs of crude oil and black, Zheng cotton fluctuated widely and hit a high of 16,670 yuan/ton. The foreign epidemic has not yet been effectively controlled. The combined factors of economic recovery in European and American countries and the transfer of textile orders have resulted in a good situation for domestic companies in receiving orders. Workshops maintain high-load production and yarn profits are higher than in previous years.
Reserved cotton is favored by the downstream market, and the turnover remains high. Although futures prices have fluctuated sharply this week, corporate bidding enthusiasm is still high. At present, the industry is worried that orders will be transferred to foreign countries. The operating rate of enterprises remains high and the cotton spinning industry is still in the off-season stage. Entering August, the textile industry will usher in the traditional peak season, which provides guarantee for enterprise production. At the same time, cotton production this year is lower than market expectations due to weather factors, which will also provide certain support for cotton and yarn prices.
This week: data from July 5th to 9th
China’s cotton reserves The Management Co., Ltd. has listed a total of 47,700 tons of cotton reserves, including 31,700 tons of Xinjiang cotton and 16,000 tons of real estate cotton.
From July 5th to 9th, the average transaction price of reserve cotton was 16,398 yuan/ton; the discounted price of standard grade (3128) was 17,743 yuan/ton; the average The price increase is 2,242 yuan/ton; the highest transaction price is 16,970 yuan/ton, and the lowest price is 15,990 yuan/ton. Among them, the average transaction price of Xinjiang cotton is 16,460 yuan/ton, with an average price increase of 2,437 yuan/ton; the average transaction price of real estate cotton is 16,237 yuan/ton, with an average price increase of 1,858 yuan/ton.