Core Viewpoint - The cotton market is experiencing fluctuations, with the main Zheng cotton contract showing a slight increase of 0.52% after initially declining, driven by expectations of reduced planting area and concerns over future supply constraints [1] Group 1: Market Dynamics - The anticipated decrease in domestic planting area for the new year has heightened market concerns regarding future supply shortages, providing strong support for cotton prices [1] - Despite the expected abundant cotton yield this year, supply pressure remains, compounded by the traditional off-season for the textile industry, leading to weak new orders from weaving factories [1] Group 2: Industry Challenges - Domestic textile enterprises are facing significant pressure, as the rise in cotton prices has not been matched by an increase in downstream yarn prices, resulting in squeezed profits for yarn manufacturers [1] - The motivation for textile companies to replenish raw materials is weakening due to these profit pressures [1] Group 3: Future Outlook - According to Everbright Futures, Zheng cotton is expected to maintain a strong oscillating trend in the short term, driven by a combination of strong expectations and strong realities, which differs from previous purely expectation-driven trading [1] - The likelihood of turning positive expectations into negative outcomes is lower this time, and there are still favorable policy developments anticipated in the future [1]
郑棉先抑后扬 报收十字星
Xin Lang Cai Jing·2025-12-31 12:14