Buying in cotton during the Spring Festival is not attractive

1. Price Express: Domestic lint: 129 21464 (+0) yuan/ton; 229 20515 (+0) yuan/ton; 328 19285 (+1) yuan/ton; 428 18382 (+0) yuan/ton. Domestic textiles: polyester staple fiber 11800 (+0) yuan/ton; viscose staple fiber 16390 (+50) yuan/ton; C32S price 26150 (+50) yuan/ton.

2. Price structure: Cotton yarn spread C32S-CottonB is 6887 (+0) yuan / ton; cotton and cotton spread 7413 (-0) yuan / ton.

3. Domestic spot: At present, due to the majority of downtime textile companies stopping work and holiday, the spot sales of lint are not clear. After the holiday season, the hype for spring broadcasts will begin one after another. At present, it is generally expected that the cotton planting area will be reduced in the next year, or indirectly boost the market.

4. International spot: On January 19, the quoted price of imported cotton in China's main port fell generally, and most varieties fell by about 0.75 cents. As the recent increase in cotton prices is not small, and the imported cotton market entering the holiday state has fallen into a calm, so the cotton price may be stabilized. Despite this, textile companies are still highly concerned about the performance of cotton during the holiday season in order to prepare for the post-holiday production.

5. ICE cotton: On January 19th, ICE cotton main contract oscillated sideways, still standing above all the moving averages. The current US cotton March contract faces pressure from the 101-103 cents/lb area.

summary:

Current ICE futures cotton and Zheng cotton temporarily stopped rising, reverted to shocks, and still stood above all the moving averages. However, from the midline point of view, the rising trend of Zhengmian Cotton has not been broken. The resistance above the ICE main contract is 101.88 cents. From a tactical point of view, staying in the warehouse during the Spring Festival is not attractive, and it is recommended that wet storage or clearance be used for holidays.