The fluctuation of international cotton price increases. Since January, the trend of international cotton price has shown a trend of "continued rise" → "slow rise" → "short decline" → "further upward". In the early January, the new US President Biden launched a new round of economic stimulus plan, which brought more confidence to the financial market. The international cotton prices continued to rise, and ICE cotton prices broke through 80 cents / pounds. Then the US dollar index bottomed out, and the international cotton price rally was obviously convergent. In late January, the European and American stock market "following the air" incident led to the possibility of the global central bank's "asset bubble" mining. After the international cotton price fell to 79 cents / pound for a short time, with the acceleration of the US Senate's US $1.9 trillion stimulus plan, funds entered the market again, driving the international cotton price to rise rapidly. As of February 5, 2021, the settlement price of ice cotton futures main contract was 82.76 cents / pound, up 3.79 cents / pound or 4.8% compared with the beginning of January. The average price of international cotton index (m), representing the average price of imported cotton in China's main port, was 91.88 cents / pound, up 5.94 cents / pound or 6.91% compared with the beginning of January. The import cost of RMB was 14858 yuan / ton, up 826 yuan / ton or 5.89% compared with the beginning of January.
Domestic cotton prices continue to strengthen after consolidation. Since January 2021, the domestic cotton price has experienced a trend of "short-term upward" → "downward adjustment" → "further upward". In early January, the global stock market continued to rise, with Zheng Mian rising to more than 15600 yuan / ton, reaching the peak since October 2018; with sporadic and local gathering epidemic in many places in China, some enterprises' stock replenishment came to an end, and the domestic cotton price fluctuated and fell to about 15000 yuan / ton at the end of January; after February, with vaccination and economic stimulus plan, the economic recovery was boosted The expectation of the market continues to heat up, and Zheng Mian stands above 15600 yuan / ton again. According to the data center of national cotton market monitoring system, as of February 5, 2021, the settlement price of Zheng Mian's main contract was 15490 yuan / ton, an increase of 230 yuan / ton or 1.51% over the beginning of January; the national cotton price B index (representing the price of 328 grade lint in the mainland) was 15352 yuan / ton, an increase of 339 yuan / ton or 2.26% over the beginning of January.