Price: according to the data of business agency, the price of 3128b lint on the 8th was 20186 yuan / ton, up 10.4% month on month.

Analysis: on the 8th, the average price of China’s cotton index 3128b was 20150 yuan / ton, up 316 yuan / ton compared with the previous day and 1046 yuan / ton compared with before the national day. After the festival, the new cotton harvest atmosphere continued, and the purchase price of seed cotton continued to rise. Cotton farmers still had good expectations for the later price trend. The purchase price of machine picked cotton in some areas of Xinjiang was reported as 11.6 yuan / kg, gradually approaching the 12 yuan / kg mark. Ice cotton futures continued to rise during the national day, constantly refreshing the highest record in the past decade. On October 7, China Cotton Reserve Management Co., Ltd. announced that the first batch of central reserve cotton in 2021 will be launched from October to November 2021, and will be listed and sold through public bidding in the national cotton trading market from October 8. During the launch period, about 15000 tons will be put on every legal working day in principle, which will be dynamically adjusted according to the market situation. Affected by this news, the increase of ice cotton narrowed on the 7th.

Forecast: the current cotton futures market soared simultaneously, and the cotton yarn rose with it. The market rose all the way, but the overall demand did not improve significantly. The resistance in the downstream was high, and the cotton yarn enterprises were cautious in raising prices. It is expected that the short-term cotton market will maintain a strong trend.