Since the last month, the domestic commodity market prices have generally risen, the domestic and foreign cotton futures successor has led the rise, in which the CF1905 contract of Zheng cotton is constantly breaking 15000 yuan / ton, 15400 yuan / ton integer pass. In January 21st, Zheng cotton main CF1905 contract stood at 15480 yuan / ton, which seemed to end the cloudy situation since the winter of 2018.

Market confidence in the domestic spot market has been restored, cotton enterprises try to raise the price of lint, but the actual turnover has weakened from weak to stable, but it is still limited. At present, the mainstream price of "double 28" hand picking cotton in Xinjiang is 15400-15900 yuan / ton (gross weight settlement, the same below), and the mainstream price of Xinjiang "double 28" machine picking cotton is 15200-15600 yuan / ton.

Market analysis, the reason for the rebound at the end of the year may have the following reasons: first, from past practice, near the end of the year, there will be a rise in the bulk commodities including cotton, and this wave of rebound is no exception; two, textile enterprises are preparing for small quantities in a small batch to prepare for the start of the festival, and the downstream consumption will give certain support to the upstream market; three, although the Sino US trade negotiations have not yet given a reply, but from the bilateral negotiations and the lengthening of the negotiations, both sides are striving for a better direction and developing a positive signal to the market.

With the passage of time, the vehicles in Xinjiang have been on holiday, and textile enterprises have basically completed the procurement of raw materials. The replenishment will end this week, and the annual spring festival atmosphere will gradually become strong. Although the "good start is half the battle", under the downward pressure of the overall macro-economy in China, the cotton market is still more tangled. On January 30th (next Wednesday), China's consultation with the US is coming soon, and the market still needs to pay close attention to it.