Zheng Cotton Rose More Than 400 Yuan / Ton Compared With The End Of December 2018.
As the saying goes, "after the Laba is the year".
As we all know, in the light of the textile market continues, in order to save costs, some textile enterprises have made preparations for early leave.
Now is the thirteen of the twelfth lunar month, and some enterprises have entered the end of the Lunar New Year's work.
Due to the increased risk of the downside of the economic situation, the Sino US trade negotiations have not yet been settled, and the raw material market is declining. Cotton spinning upstream and downstream enterprises are more cautious and dare not venture ahead, as is the downstream textile market.
Since the beginning of the twelfth lunar month, most of the gauze enterprises have not received new orders. Many of the spring orders are mainly based on a small number of old customers. In addition, with the slow progress of the refund, the pessimism of textile enterprises is increasing.
The gloomy atmosphere of the market is pervaded, but the upstream cotton market is showing signs of recovery at the end of the year.
Since the beginning of the twelfth lunar month, the number of cotton spot pactions has increased in many parts of the country.
Most textile companies say that although it is not yet clear whether they will be able to usher in a turning point after the year, they still need a small amount of supplementary materials to prepare for the start of the festival.
Moreover, the price of cotton has also risen steadily. The price of zhengmian has been on the upward trend. Up to 10 a.m. on January 17th, the highest price of zhengmian CF1905 was 15290 yuan / ton, which was over 400 yuan / ton at the end of December 2018, which gave cotton spinning people a lot of confidence.
The Lunar New Year is coming to an end. Spring textile will also drive the demand for the peak season. The Sino US trade negotiations are about to reply to the market. The surrounding environment is changeable. Cotton spinning production may not be pessimistic after the beginning of spring.
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