Recently, the price of cotton to the factory at home and abroad has declined, foreign inquiries are slightly active, and the actual order has increased, but by the overall expectation and the impact of the early raw material inventory cost, the transaction price is extremely difficult.
Some institutions and cotton-related enterprises judge that once the spring and summer orders in 2025 are placed around mid-January, they will still be relatively rare, and the inventory replenishment at the consumer end will continue to be slow. In addition, the cash flow demand of textile enterprises before and after the Spring Festival is relatively high, and we should seize the opportunity to realize value.
With the coming of the Spring Festival, the recent orders have very high requirements on the delivery time, in order to catch up with the fabric delivery before the festival, the conventional varieties are shipped normally, and the ordered varieties are reordered. The supply side continues to be abundant, the downstream cotton yarn market is poor, the Spring Festival stock market has been slow to improve, textile enterprises take goods with the price, some enterprises have vacation plans in advance, and the boot load still has a downward trend.
1、the United States cotton week signed 63,300 tons, an increase of 43% from the previous week, Vietnam, Pakistan, Turkey is still the biggest buyer, ICE cotton at the beginning of this week once rebounded to 69.86 cents, then fell to 68.5 cents shock;
2、 the domestic Zheng cotton main 05 contract rebounded to
13,500 shocks this week, little fluctuation;
3、Cotton has no new positive and negative factors, and is expected to maintain a weak shock pattern.
If the market demand for textile export orders recovers next year, it is expected that the clothing export situation in the first quarter of 2025 will be better than the same period last year, and global market demand is gradually recovering. With the recovery of the global economy, consumer confidence and spending may increase, thereby driving demand for textiles In addition, the trend of RMB devaluation has enhanced the price competitiveness of Chinese textiles in the global market, which can to some drive the increase of order volume for textile enterprises that depend on exports.