Market Price: The Price Of Cotton Yarn At Home And Abroad Rose Slightly In The Past Week

The weekly export sales report of American cotton last Friday showed that, as of the week of February 13, the net sales volume of American upland cotton in 2024/25 was 312500 bales, 28% higher than last week, and 18% higher than the four week average. The export volume of that week was 298300 bales, a new annual high, 14% higher than that of last week and 39% higher than the four week average.

ICE cotton futures fell last Friday, with the benchmark contract closing 0.2% lower, and cotton futures on the weekly chart fell for the third time in four weeks; The recovery of the dollar index and the decline of the grain market are the main factors that drag down cotton. Trump is advocating an early end to the Russia Ukraine war, the crude oil is also weakening, and the decline of the financial market is not conducive to commodity futures.

On February 7-13, 2025, the contracted net export volume of American upland cotton in 2024/25 will be 70900 tons, an increase of 28% over the previous week, and an increase of 18% over the average value of the previous four weeks. The contracted net export volume of American upland cotton in 2025/26 is 7779 tons. In 2024/25, the United States will load 67700 tons of upland cotton, an increase of 14% over the previous week and 39% over the average value of the previous four weeks, hitting a new annual high.

In 2024/25, the contracted net export volume of American Pima cotton was 3924 tons, which was significantly higher than the average value of the previous week and the previous four weeks. The contracted net export volume of Pima cotton in the United States in 2025/26 is 227 tons. The export shipment volume of American Pima cotton in 2024/25 was 1474 tons, significantly increasing from the previous week, and decreasing by 7% from the average value of the previous four weeks.

The performance of domestic cotton is very strong. The spot cotton is basically unchanged. The price difference between domestic and foreign cotton has expanded to 1500 yuan, and the basis difference has narrowed to about 1000 yuan. The cotton inventory in the downstream cotton textile industry is low, and there is a demand for replenishment. The peak consumption season of cotton will come, which will support cotton prices; In addition, the planting area of the United States is expected to decrease this year, and the fund began to reduce the short position of cotton, so the adjustment of foreign cotton is also limited. Technically, Zheng Mian's CF505 has strong support at 13800, and ICE cotton is unlikely to fall below 70 cents.

According to statistics, as of February 20, the inventory of major imported cotton ports increased by 0.9% on a weekly basis, with a total inventory of 537600 tons. Among them, the inventory of imported cotton in Qingdao, Jinan ports and surrounding warehouses in Shandong Province was about 448000 tons, an increase of 0.4% on a weekly basis, 2.7% higher than that of the previous year; The inventory of imported cotton at Zhangjiagang Port and surrounding warehouses in Jiangsu Province is about 56600 tons, and the inventory at other ports is about 33000 tons. This week, the stock of imported cotton at the port increased slightly, and the orders of downstream textile enterprises were limited. A small amount of imported cotton was sold on demand, and the overall outbound volume was small.

　。 Last week, the average price of domestic C32S combed pure cotton yarn was 21201 yuan/ton, up 98 yuan/ton or 0.5% from the previous week; The average price of conventional outer yarn is 22004 yuan/ton, up 46 yuan/ton or 0.2% from the previous week.

The average price of conventional outer yarn is 809 yuan/ton higher than that of domestic yarn, 46 yuan/ton narrower than that of the previous week.