Cotton futures rise slightly in November

 In November, the raw material purchasing index was 45.73, down 1.62 from October. From the perspective of market price, the domestic cotton futures price rose slightly, while the spot price kept falling and the decline widened; In terms of chemical staple fiber, the price of polyester staple fiber continued to fall, and the price of viscose staple fiber remained stable after the fall in the first ten days, with the decline narrowing month on month. Specific data: the average monthly spot price of domestic 3128 grade cotton was 14354 yuan/ton, a month on month decrease of 809 yuan/ton, or 5.33%; The average monthly price of 1.4D direct spinning polyester is 7308 yuan/ton, a month on month decrease of 522 yuan/ton, or 6.66%; The monthly average price of mainstream viscose fiber is 13031 yuan/ton, down 425 yuan/ton month on month

3.16%。 From the perspective of purchase volume, due to the limited export of Xinjiang cotton, cotton spinning enterprises are short of cotton for production. At the end of the year, due to the timeliness of cotton quotas, the purchase of imported cotton has increased. There is a strong wait-and-see mood in the chemical staple fiber market, and enterprises purchase on demand, with a small overall purchase volume.

more: November 2022 China cotton textile industry boom report (qinsun-lab.com)