ICE Cotton Main Fall Domestic Cotton New Year'S Start Or Frustration

Due to the control measures of domestic epidemic situation, the Spring Festival holiday in 2020 was extended to February 2nd, and some areas adjusted the commencement time according to the control situation of epidemic situation. The resilient Chinese open the home office mode and do not add to the society.
Cotton prices continued to rise on the eve of the Spring Festival holiday, stimulated by the first stage agreement between China and the United States, according to business data. As of January 19th, the average spot price of domestic cotton was reported at 13904 yuan / ton, up 4.14% from the beginning of January. Later cotton was profitable, and the positive effect was digested, and cotton prices showed signs of a downward trend.
Related news shows that ICE cotton futures fell 2.7% in the past week. Because investors are worried that the epidemic will hurt China's demand for cotton, in January 31st, the price of ICE cotton futures settled at 67.50 cents per pound in March and 68.31 cents per pound in May. Investors were not optimistic about the short-term market attitude.
For this epidemic, masks become essential for travel, does it have an impact on the cotton spinning Market? For ordinary cotton masks, the material itself is not dense enough. It has no filtering effect on PM2.5 and other micro particulates, and can not play a role in preventing virus infection. The main function is to keep warm, weather gets warmer, and cotton masks need to be weakened. On the other hand, because of the decrease in public entertainment, clothing consumption must have declined.
In 2019 1-12, the total export volume of textiles and clothing in China was 271 billion 836 million 200 thousand US dollars, down 1.89% from the same period last year. The total export volume of textiles was 120 billion 269 million 200 thousand US dollars, up 0.91% over the same period last year. The total export volume of garments was 151 billion 567 million US dollars, down 4.01% from the same period last year.
Business analysts believe that due to the delayed start of the epidemic, textile enterprises may be showing a reduction in orders and slow start up rate in the near future. The price of foreign cotton has dropped, and the drop in cotton market after the holiday is almost decided.