Zhengzhou commodity exchange, May 5th

There are institutional analysis, with the new cotton planting area increased, cotton prices next year will be difficult to run at the price of 30 thousand yuan / ton.

Yang Guoqi, a researcher at the Jinshi futures cotton group, told reporters: "at present, futures prices and spot prices are upside down, and market prices and cost prices are upside down."

Downstream clothing and textile enterprises have fewer orders and more inventory is the root cause of cotton price inversion.

Due to the continued appreciation of the RMB this year, the profit margins of domestic garment export enterprises have been sharply reduced. At present, the European and American orders have shifted to Southeast Asian countries.

A large number of small and medium-sized foreign trade export enterprises had to stop production, and the demand for cotton textiles was sharply reduced.

Downstream demand is not strong, the cotton spinning enterprise's life is also very difficult, but the inventory is higher but it is difficult to digest at the moment.

Some money is tight.