Lint Rose Steadily, And Yarn Sales Were Weaker Than Last Year (4.16).

According to the price monitoring of the business community, the average price of lint 3128B lint in the domestic spot market was 15660 yuan / ton as of April 16, 2019, and the price rose 27 yuan / ton over last Tuesday, up 199 yuan / ton compared with last year, or 1.29%.

In April 16th, the 1909 contract of zhengmian main contract closed at 15910 yuan / ton, compared with the previous trading day, the price dropped 155 yuan / ton, or 0.96%.

By the end of April 15th, the NYBOT contract for delivery of phase 2 cotton contracts was 53421 packs, an increase of 12029 packs compared with last Tuesday.

Last week, cotton import quotas were set to increase 80 tons. This move will help narrow the difference between domestic and foreign cotton prices, and solve the demand and control costs of downstream cotton mills.

At the same time, in the US cotton contract increased, new cotton postponed sowing, India cotton prices rose sharply.

On the 15 day, the price of imported cotton rose sharply, but the ICE night market plunged and poured cold water.

Although the import quota has been increased, the Sino US trade negotiations have not been finalized. China's import of US cotton tariffs is still hindered. Meanwhile, the downstream cotton yarn stocks are relatively high and sales are not as good as in previous years.

Some cotton mills or give preferential treatment, promotion, downstream raw material procurement will not be strong, high cotton price volume is insufficient, the price is difficult to stand firm.

Business analysts believe that the overall price of imported cotton has increased in recent years, and that domestic prices have been kept at a high price.

Downstream orders generally, slightly weaker than in previous years, cotton yarn inventory increased, cotton mill procurement raw materials more cautious.

Although the price of cotton is rising, the price increase is not significant, and the market may be slightly reduced to stimulate market pactions.