Cotton futures holdings climbed and cotton planting subsidies made progress. On April 20, the divergence in the market intensified, and the open interest continued to rise. The main force of Zheng Mian fluctuated near the previous high. The CF2309 contract opened at 15,150 yuan/ton, and rose 20 points in a narrow range to close at 15,175 yuan/ton at the end of the day. The spot price remained stable, and the transaction remained weak. The cotton futures continued to be strong, and the basis price moved up to 14,800-15,000 yuan/ton. Downstream cotton yarn has little change, and the transaction shows signs of weakening. Textile enterprises purchase according to demand, and their attitude is more cautious. On the whole, bullish information has received feedback on the market, and the prospects for follow-up demand are quite different, so we will treat it as a trend of strong shocks for the time being textile factory.
Recently, the prices of polyester, cotton, and viscose have all risen. The gray fabric factory has sufficient orders at present, but most of the orders can only be completed in the middle and late May, and the subsequent orders have not yet been settled. A lot of orders are for export. It can be seen that the current foreign clothing orders have increased. With the transfer of some orders, it seems that we still have to go out to the market to receive more orders.
The raw material side is going up strongly, and the willingness to increase yarn is strong, but the market order acceptance capacity is weak, and some yarns have room for price reduction. Recently, orders for export have not improved, and price inversion has led to repeated reductions in transaction prices. At present, it is relatively stable, but the demand for gray fabrics is gradually weakening, and the continuity of orders in the later period needs to be tested.
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