Orders in the downstream textile industry gradually rebounded

"Compared with overseas markets, domestic cotton production mainly looks at Xinjiang, the weather in Xinjiang this year is generally normal, although there are extreme weather, but the scope is small, the impact is minimal." Therefore, this year's cotton production in Xinjiang is more likely to increase than in 2023, and the current market expectation is that Xinjiang's cotton production may be about 6 million tons. Xinjiang is already in the emergence stage, and we need to keep an eye on the weather." Cao Kai said.

Wu Jingwen also said that the weather in Xinjiang this year is more suitable, there is no sustained large-scale abnormal weather in the early stage of planting, the growth progress is better than last year, and the probability of year-on-year increase in cotton yield in Xinjiang this year is greater. In terms of cotton planting area in Xinjiang, according to the feedback of farmers, there is little change compared with last year, and it is expected to be slightly reduced compared with last year, but the reduction is significantly reduced compared with last year. Overall, the New Year Xinjiang cotton yield probability is large. Xinjiang produced nearly 5.6 million tons of cotton last year and is likely to produce more this year.

"Recently, the domestic Xinjiang cotton has entered the period of cracking bolls, the growth rate is fast, is expected to be listed in late September, but the current ginners tend to be cautious about the harvest, and the subsequent need to pay attention to the rainfall during the harvest period and the game between cotton farmers and ginners during the new flower acquisition period." Luoyang a cotton trader company manager Yang said.

However, Chen Jianing said that with the approaching of the "gold nine silver ten" season, the recent downstream textile industry orders are gradually improving, and the gauze factory load has rebounded, but the recovery of consumption is limited. The stock of fabric factory is further reduced, and the replenishment of yarn raw materials is increased, but the yarn factory is still mainly focused on digesting finished products, the inventory pressure is large, and the enthusiasm of raw materials procurement is general.

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