The recent demand for international cottonmarket is strong, driving up international cotton prices, among which India Cotton performed the strongest; oil prices rose sharply, supporting the price of polyester shorts; downstream textile companies started holidays one after another, and the restocking of raw materials before the year was basically completed. This week, the textile raw material futures and spot markets have increased significantly compared with New Year’s Day. There seems to be a trend of breaking through the sky and opening a new rising channel after the year.
Wind direction1
Textile raw material futures continue to rise
Chart: RecentICECotton futures market performance
Although the textile futures market has adjusted in the last two trading days of this week. However, Xiaosha found that ICE cotton futures still rose by 0.88% this week, which is the seventh consecutive week. rose, and hit the highest price on Wednesday 124.78 cents, which was the highest in more than ten years, that is, 2011 The highest price in 7months.
Picture: Recent market performance of Zheng cotton
Zheng Mian also experienced huge gains this week. On 1month21, Zheng Mian The closing price of the main cotton contract is 21660 yuan/ tons, starting from the first trading day after New Year’s Day1Month4The cumulative increase has reached 4%, Among them, the 1month20 day (Thursday) touched2022 The highest level since New Year’s Day21840yuan/tons, there is an upward trend22000yuan/tons.
Picture: Recent market performance of Zheng yarn
1On the 21st21, the closing price of the main contract of Zheng yarn was29060yuan/tons, starting from the first trading day after New Year’s Day1month 4The increase since the day has reached 3.8%, among which Zheng Sha1 It also hit the highest level since New Year’s Day of 2022 on 20 (Thursday) 29220yuan/ tons, to 30000yuan /The ton pass is approaching.
Wind direction2
The cotton yarn spot market quietly followed the rise
1month4day-1month span>21Price change list of major domestic cotton textile products in Japan (yuan/tons)
Affected by the recovery of foreign cotton and futures markets, the yarn spot market also rose to a certain extent, with the increase mostly in the range of 500—1000yuan/ tons, among which pure polyester yarn has the most obvious increase. According to the tracking statistics of China Yarn Network, from 1month4 to 21 On Sunday, the price of pure polyester 32S yarn increased 630yuan /tons, an increase of 5.11%; Pure cotton32SYarn price rises590yuan/ tons, an increase of 2.08%. Some companies have already issued news that they will no longer sell products before the year when raw materials are rising. At this time, Henan and other major textile provinces are in a critical period of epidemic prevention and control, and the impact of the epidemic has slowed down the speed of restocking. The current price of cotton yarn32S is 28950yuan/ tons, an increase of 50yuan/ tons compared with this Monday, but the goods are generally sold.
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