On Thursday, the US economic data were poor. The US dollar rebounded after a long period of weakness. The global commodity market ushered in a large price decline. Commodities after a year of bull market ushered in a big bear market. Cotton prices fell from high to more than 33%.

today Goods in stock Prices continue to fall sharply. According to feedback from the Shandong based information office, only one of the textile mills in Wei Qiao has stopped purchasing cotton, and the price of yarn and fabric has been lowered for shipment, but the shipment is not very satisfactory.

At present, downstream textile and clothing sales are not good, orders are reduced, market liquidity is approaching, and domestic sales momentum is weakening. Today, China's cotton price refers to (CCIndex328) 26076 yuan / ton, down 384 yuan, 527 cotton to plant average price 24153 yuan / ton, down 245 yuan.

In the real economy is not much improved, the Canton Fair orders are not optimistic, cotton spinning industry chain in the next few months will remain in the state of inventory, cotton is difficult to change the weak, domestic cotton spot prices continue to fall, in the short term, downstream textile enterprises still have no obvious intention to replenishment, some small Textile mill Extending the holiday time and relieving the pressure of starting up, the stock of spinning and weaving cotton yarn is increasing constantly. The inventory is generally in two months or so (normal stock from half to 20 days), and the turnover of funds is more and more difficult.

The price of imported cotton in China's main port has generally fallen by 4-5 cents, and the recent shipment of E/MOT cotton in the United States has fallen by nearly 8 cents. The demand for long staple cotton has weakened, and the price of American Pima cotton has also been lowered with Egyptian long staple cotton. At present, Cotton merchant Although the "buyback" is basically over, the destruction of textile mills is continuing. The drying up of import demand at the immediate and recent levels has made the market worried about China's cotton consumption. Along with the deep fall of the domestic and spot prices, the high cotton prices will fall back to a reasonable level sooner or later, and the market will continue to bearish in the near future.