This week, domestic and foreign cotton prices fell; domestic cotton yarn prices weakened, while foreign yarn prices rose slightly; polyester staple fiber prices fell.
1. Domestic cotton showed a slight upward trend, with the average price lower than the previous week
This week, some orders in the domestic textile market increased slightly, and downstream companies became more enthusiastic about inquiry for raw materials. However, due to the bleak overall consumption situation and supply pressure, domestic cotton prices showed a slight upward trend, and the average cotton futures price was overall low. in the previous week. 2022Year8Month22-26Day , the national cotton priceB index representing the market price of standard grade lint cotton in the mainland is 15985yuan/tons, up 11yuan/tons , an increase of 0.1%. The average settlement price of the main cotton futures contract of Zhengzhou Commodity Exchange15003yuan/ton, down from the previous week span>228 yuan/ tons, a decrease of 1.5%.
2. International cotton prices rebounded weakly after falling
This week, the risk of global economic downturn has increased unabated. New cotton in the northern hemisphere is about to be launched. The drought in the United States has eased. The international cotton price has rebounded weakly after falling. The average price of cotton futures is lower than the previous week. 2022Year8Month22-26Day , the average settlement price of the main contract of the U.S. Intercontinental Exchange cotton futures (ICE) was 113.88 cents/pounds, down 0.66cents/ pounds, a decrease of 0.6%; the international cotton index (M represents the average CIF price of imported cotton in China’s main port ) average price135.7cents/ pounds, up 0.12cents/pounds, increase0.1%, discounted to RMB import cost22247yuan/ tons (calculated based on 1% tariff, Including port miscellaneous goods and freight), an increase of 47yuan/tons, an increase of 0.2%. The international cotton price is 6263 yuan/ tons higher than the domestic cotton price, and the price difference widens compared with the previous week 37yuan/ tons, the price difference between domestic and foreign cotton has been inverted for the first time in 2011 A new high since the beginning of the year.
3. There is no transaction in the reserve cotton rotation
This week, cotton reserves were put on the market for purchase3 30,000 tons, but there was no transaction.
4. Domestic cotton yarn prices fell again, while foreign yarn prices rose slightly.
This week, the textile market’s operating rate increased slightly, order demand improved slightly, but the overall situation remained weak. Domestic cotton yarn prices rose briefly and then fell again. The market demand for outer yarn continues to be sluggish. As the price of cotton raw materials falls, the price of outer yarn turns from rising to stable. The current price of conventional foreign yarn is 3825yuan/tons higher than that of domestic yarn. The domestic cotton market demand is still weak, and cotton prices continue to decline. Polyester staple fiber prices fell.
5. Market Outlook