Current location - Trademark Inquiry Complete Network - Futures platform - What are the factors that affect cotton prices?
What are the factors that affect cotton prices?
The factors that are unfavorable to the price mainly include the following aspects: 1, macro-policy, and the contraction of the national monetary fund. Both processing plants and textile enterprises are troubled by this. There is no money to buy cotton, and textile enterprises have no money to buy it. The market lacks popularity, so the price is not good. 2. The downstream products produced by textile enterprises have poor sales, falling prices and poor capital withdrawal, especially low-grade yarns. All the factories are suffering from difficulties, so there is no incentive for prices to rise. 3. The reduction of national export tax rebate, the appreciation of RMB and the restrictions on China products from abroad cast a shadow over exports and limited the demand for raw materials. 4. Some textile enterprises cut production, and some varieties with poor sales and losses stopped production, which also reduced the demand for cotton, especially varieties that use more cotton, such as 32S/21s. The national statistical output is relatively large this year. On the one hand, the demand is relatively reduced, on the other hand, the increase in output is not good for the market.

The factors about Lido mainly include the following aspects.

1 The ending inventory in the world has reached the bottom of the past decade, and there is still room for growth.

Looking at the cotton market now depends not only on the supply and demand relationship of cotton itself, but also on the prices of other agricultural and sideline products. As we all know, the strong prices of wheat and corn in the world market have limited the decline of cotton prices. Especially new york futures.

The total domestic demand has not changed much, but the demand is increasing, and consumption will not decrease compared with last year. Although textile enterprises are uncomfortable, they have not stopped production or closed down, so demand will drive up prices.

The total cotton output this year is lower than last year, especially in Shandong, Anhui and Jiangsu. Affected by rain, cotton grade and yield have declined. Some areas in Xinjiang have also been affected by frost, especially high-grade cotton, which is in short supply this year.

Of course, there are many factors that affect the price. Generally speaking, I don't think the price will fluctuate greatly, but the price is low at present. If nothing else, the main force of domestic cotton is Xinjiang cotton, and the price in Xinjiang will not change until July and August next year. This is the practice of Xinjiang people and has been a habit for many years. The price of imported cotton is also difficult to fall below the price of domestic cotton. There are so many domestic cotton, when it is used up, the price of foreign cotton determines the price of domestic cotton. This year's cotton cost can be reduced from here to there. Only 65438+February is the lowest time. In the past 65438+February, with the relative improvement of funds, the price will rise in the later period. But there will be no big increase.