According to the statistics of business news agency, on March 1, the average price of domestic lint spot market was 16576 yuan / ton, while on March 5, the average price of domestic lint spot market was 16362 yuan / ton, down 1.29%.

In terms of futures, the settlement price of Zheng Mian’s main contract fell below 16000 yuan / ton on March 5. Since the beginning of this week, the price of Zheng Mian’s main contract has been falling continuously; internationally, the fall of the US stock market has brought bad effects to the cotton market, the quotation of imported cotton in China’s main port has dropped sharply, and ice futures have been falling continuously.

Downstream: in the early stage, with the continuous rise of lint price, downstream spinning enterprises have begun to accept orders cautiously, and the wait-and-see mood has increased. At present, the textile industry as a whole is still in the peak season, the price of cotton yarn is stable, and the inventory of most cotton textile enterprises is still relatively low. According to the survey, the resumption rate of cotton textile enterprises in Shandong, Jiangsu, Zhejiang, Guangdong, Henan and other places after the Spring Festival is very high. In addition to completing the early orders, the enterprises began to receive short-term domestic sales and foreign trade orders from March to April. On the one hand, the textile and clothing enterprises are worried that the raw materials such as cotton and polyester staple fiber will continue to fluctuate violently, which will lead to the cost adjustment of cotton yarn, polyester cotton yarn and grey cloth, and the production, order arrangement and profit will be greatly affected. On the other hand, most cotton textile enterprises’ inventory of gauze is still relatively low. In the expectation of the rebound of global economy, trade and textile and clothing consumption in 2021, the textile and clothing enterprises will appropriately increase cotton yarn Plan the stock of grey cloth.

Business analysts believe that the cotton price will rise all the way after the year, the cotton yarn market will rise at the same time, the soaring textile raw materials will put great pressure on the downstream, and the production, order arrangement and profit will be greatly affected. This adjustment may not be a good thing for the whole industry. At present, cotton prices are not good support, it is expected that there will be a wave of decline in the short term.