This week, cotton futures, cotton yarn futures prices rise and fall difficult to stabilize, lint spot market fluctuations, cotton yarn weakness and stability continued, the market purchase and sale of a small amount, cautious transactions.

This week, cotton futures prices adjusted frequently, ups and downs difficult to stabilize. Among them, the CF2405 main contract closed at 16065 yuan/ton on Thursday, up 135 yuan/ton from last Thursday's closing price of 15930 yuan/ton. Futures prices are difficult to stabilize and the spot market fluctuates. In Shandong, Xinjiang machine-picked lint 3128B was set to raise the reference price to 17300 yuan/ton, while Xinjiang machine-picked lint 3129B was set to raise the reference price to 17500 yuan/ton, up 100 yuan/ton from yesterday and 150 yuan/ton from last weekend. Spot prices closely follow the rise and fall of futures so that downstream buyers can not be prevented, but due to the relatively limited adjustment range, the current cost support still exists.

The price of lint in the mainland of Shandong is relatively strong. Due to the insufficient stock of seed cotton, the purchase price of seed cotton is difficult to reduce. The purchase price of seed cotton with better quality is maintained at 4.30 yuan/kg, with a clothing score of 40% and a moisture content of less than 12%. The price of wool cotton seed is uneven, and the overall ex-factory price is 1.56-1.60 yuan/kg. At present, there are not many manufacturers that maintain the operation, which are concentrated in Liaocheng, Xiajin, Jining, Heze and other places in Shandong. The ex-factory quotation for grade 4 lint is 16,600-16,700 yuan/ton. The market is not fast in delivery and the inventory of ginning mills is limited. In order to control the operation risks, manufacturers mostly insist on delivering with processing, and the cotton market maintains a steady operation.

This week, cotton yarn futures were running at a low level, with CY2405 main contract closing at 21290 yuan/ton on Thursday, up 75 yuan/ton from last Thursday's closing price of 21215 yuan/ton. Futures cotton yarn low adjustment, the spot market stable operation. Among them, the ex-factory quotation for 32S high-distribution ring spinning in Shandong is about 24000 yuan/ton, and that for 40S high-distribution ring spinning is about 25000 yuan/ton, which is a large quantity.

Futures, spot lint narrow adjustment, cost support still exists, but traders actively ship. Spot cotton yarn market purchase and sale is flat, downstream orders are limited, manufacturers have different inventory, production is relatively stable. Cotton market, yarn market in the purchase and sale of seesaw war to further adjust the operation.