1、 Price quotation

According to the data of business news agency, the spot market of cotton rose this week, and the price of 3128b lint on the 16th was about 15566 yuan / ton. It was down 2.64% month on month and up 35.56% year on year. 2、 Market analysis

2、 Market analysis Domestic: this week, the spot cotton showed a fluctuating upward trend. On the 16th, China’s cotton price index 3128b was 15551 yuan / ton, up 182 yuan / ton from last Friday. According to statistics, the cotton industrial inventory of textile enterprises in March was 917500 tons, an increase of 35100 tons compared with the end of last month. Domestic cotton supply is sufficient, commercial stocks and imports of cotton have increased, in addition, there may be national reserves of cotton supply; The demand side is general, and the short-term driving force is not strong The forecast of domestic cotton production, sales and inventory in April was adjusted as follows: in 2020 / 21, China’s cotton output was 5.95 million tons, the same as that of last month, with a year-on-year increase of 107000 tons, an increase of 1.83%; The consumption was 8.29 million tons, with a month on month increase of 514200 tons, an increase of 6.61%, and a year-on-year increase of 813300 tons, an increase of 10.88%; The inventory at the end of the period was 6.3598 million tons, with a month on month increase of 195800 tons, an increase of 3.18%, and a year-on-year increase of 131200 tons, an increase of 2.11%; The gap between production and demand was 2.34 million tons, an increase of 706300 tons over the previous year, and the inventory consumption ratio was 76.72%, down 2.56 percentage points on a month on month basis, and a decrease of 6.3 percentage points over the previous year. International: the U.S. dollar continued to weaken recently, raising the overall commodity prices In June, USDA reduced global cotton ending inventory by 246000 tons to 20349000 tons. Last week’s sharp decline in US cotton exports led to a mid speed dive in ice futures trading. This week’s sharp fall in the US dollar index led to a sharp rise in the commodity market. At the same time, the market expected US cotton exports to be good this week, adding to the adverse weather drought in Texas, ice cotton rose rapidly on the 15th. As of the 15th, the international cotton price index (SM) was 95.12 cents / pound, and the international cotton price index (m) was 91.53 cents / pound. Futures: boosted by foreign cotton prices, Zheng cotton rose this week. The domestic short-term import sliding tax quota, throwing and storage expectations are expected to be implemented, there is a certain inventory pressure in the middle part of the industrial chain, and Zheng cotton followed the US cotton with a small increase On June 16, the settlement price of Zheng Mian’s main contract 2109 was 15360 yuan / ton, up 185 yuan / ton from last Friday.

Futures: boosted by foreign cotton prices, Zheng cotton rose this week. The domestic short-term import sliding tax quota, throwing and storage expectations are expected to be implemented, there is a certain inventory pressure in the middle part of the industrial chain, and Zheng cotton followed the US cotton with a small increase On June 16, the settlement price of Zheng Mian’s main contract 2109 was 15360 yuan / ton, up 185 yuan / ton from last Friday. 3、 Downstream industry chain Affected by the recent weak price shocks and the reduction of new orders in the downstream, the purchase intention of textile mills is generally not strong. Pure cotton yarn market transaction downturn. Some traders in Foshan have no turnover, downstream customers maintain production, and demand is insufficient.