With the first stage in China and the United States Economy and trade The signing of the agreement, the domestic and foreign cotton futures market sentiment optimism, downstream cotton yarn prices will go up.
(1) cotton prices In December, the domestic cotton spot price began to accelerate upward from the slow rising range, and the difference between the inside and outside cotton prices shifted from negative to positive and expanded rapidly. In January 8th, the price of imported cotton was 177 yuan / ton higher than that of domestic cotton.
At the beginning of December, the price of cotton yarn at home and abroad decreased, and the price of domestic cotton yarn rebounded since late 12. The price of domestic yarn is lower than the average price of foreign yarn, which is about 281 yuan / ton, expanding by 80 yuan / ton.
(three) short price difference between cotton, cotton yarn and polyester In January 8th, the price difference of domestic yarn and cotton was 6556 yuan / ton, narrowing 568 yuan / ton, narrowing 789 yuan / ton compared with the same period of the previous year, the difference between polyester and cotton price was 6879 yuan / ton, and the annulus ratio expanded 388 yuan / ton, expanding 314 yuan / ton compared with the same period last year.
(US Department of agriculture January 2020 data)