Xinjiang: Market Fluctuates Sharply, Textile Enterprises Purchase Cautiously

After the Spring Festival, the main contract of Zheng Mian futures broke through 17000 yuan / ton, and the enthusiasm of the market was greatly improved. Recently, cotton prices at home and abroad rose and fell back, and the differences between long and short sides gradually increased around the rise and fall space of cotton prices.

Some industry insiders said that the cotton supply is clear and orderly, whether the downstream price transmission is smooth, the direction of monetary policy and the changes in the peripheral financial market determine the future trend of cotton market. The person in charge of a textile enterprise said that at present, the production of the enterprise remained stable and good, the raw material procurement was active, and the yarn products were better. However, the price of raw materials fluctuated significantly after the festival, and the purchase intention of textile enterprises tended to be cautious. Most enterprises chose to wait for the cotton market to stabilize before purchasing raw cotton.