Last week, Zheng Mian generally showed a narrow shock after the bottom rise trend.

At present, the domestic cotton supply side maintains a short-term loose trend, the demand end starts slowly after the festival, the home textile orders are relatively good, the clothing orders are less than expected, but the short-term yarn inventory of textile enterprises is still at a low level, so more maintain a high probability of opening, while some textile enterprises still have just need to replenish the inventory demand, and the point price around 16,000 yuan/ton has increased volume, forming a strong support for cotton prices. It is expected that Zheng cotton will still maintain a shock situation under the interweaving of long and short.

Under the influence of the continuous correction of cotton prices, domestic cotton yarn prices have generally decreased, a few enterprises have fallen back to the holiday, and some textile enterprises have continued to maintain stable prices. The enterprise said that the price increase of yarn after the festival has not been accepted by the downstream, "Jinsan silver four" did not appear the expected explosive demand, the market turnover is weak, the sales situation of medium and high yarn is slightly better, and the textile enterprises mainly focus on the production of pre-holiday orders, and the new orders are still rare. Conventional varieties of textile enterprises began to accumulate, and the probability of opening textile enterprises is generally stable at present. After the festival, cotton yarn rose slowly but fell relatively quickly, reflecting the increase in market sales pressure. ,

In contrast, international cotton prices, under the help of funds once again rushed high, but with the recent rapid rise in the price of cotton in the United States, the market wait-and-see sentiment has become stronger, the "roller coaster" market has further intensified the market wait-and-see mentality, overall, the international cotton prices or will maintain a wide range of short long and short shocks.

With the advance of time, the supply pressure in the later period may gradually ease, forming a certain support for cotton prices. At present, the new orders of textile enterprises are less than expected, and the confidence of textile enterprises in the future market is weak, but the current boot is still at a high level, and after the warehouse at the end of last year, the pressure of cotton yarn library has not been obvious. Therefore, the short-term decline of Zheng cotton is also more limited, under the support of the cost, the spot price of cotton is relatively stable, the landing of downstream orders in March and April and the accumulation of textile enterprises will be the key factors affecting the later trend of domestic cotton prices.

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