Benefits are in front of you | Talk about cotton market in March
3month6 is the day when the cotton market reserves cotton wheels and arranges the shipment310,000 tons were all sold, and the price increase was extremely fierce. Fabric companies were enthusiastic about purchasing. Thinking about the reasons why the cotton market is heating up, there may be the following points:
1. Fabric companies are operating well. The price difference between domestic and foreign cotton is small. The international cotton yarn import price is slightly higher than the domestic yarn price, which promotes domestic cotton yarn and cotton consumption. Fabric companies have a high operating rate, cotton yarn sales are smooth, and the financial situation is good.
2. Enterprise replenishment needs. A recent survey by the National Cotton Market Monitoring System shows that the cotton inventory of some large fabric companies is about 2-3 months. Some medium and small fabric companies only plan to purchase cotton stocks until the end of March, that is, on the 6th, which takes about two days. Weeks will be spent to handle relevant outbound matters, and the cotton reserves will be used immediately after arriving at the factory in the second half of the day. Therefore, it is necessary to actively purchase reserve cotton to maintain normal operation of the factory.
3. Be optimistic about the market outlook. Due to good US cotton export data and a large number of price points, ICE futures continue to rise; the increase in Indian cotton listings has not led to a price correction; domestic fabric companies have good profits, and yarn and cloth inventories are low; cotton prices have been stable recently , some companies have raised cotton sales prices and other factors. Some fabric companies and trading companies inferred that cotton prices will increase in the future, so they participated in the reserve cotton auction.
Personally, I believe that whether the daily supply of cotton reserves will increase in a timely manner according to market demand may be one of the important factors leading to the recent psychological changes in the cotton market and related participants.
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