According to data, the price of cotton in June changed its downward trend, and the market began to rise. On the 1st, the price of 3128B lint was around 15791 yuan/ton, and on the 7th, the price of 3128B lint was 16036 yuan/ton, an increase of 1.55%.

　　 2. Market analysis

　　 Domestic: Entering June, the cotton spot showed a clear upward trend. On the 7th, China's cotton price index of 3128B broke the 16,000 mark, which was 16,030 yuan/ton. Xinjiang lint spot trading volume has increased, and domestic cotton prices have experienced a technical rebound after a period of decline. In the domestic cotton market, after the cotton planting in southern Xinjiang, cotton seedlings grow about a week later than in previous years. Pay attention to the follow-up weather conditions; the spot market is still abundant, and imported cotton stocks continue to increase. The market expects that the current domestic imported cotton stocks have risen to 75. More than 10,000 tons. In terms of futures, under the acceleration of economic recovery in China, Europe and the United States, and the continued strong economic stimulus of the US government, commodities are still in an upward cycle. On June 1, the settlement price of Zheng Mian’s main 2109 contract was 15,470 yuan/ton. On the 7th, the settlement price was 15865 yuan/ton, an increase of 395 yuan/ton.

　　International: Supported by the US's overweight stimulus package, international cotton prices rebounded after showing a clear defiance. On June 4, the International Cotton Price Index (SM) was 97.98 US cents/lb, an increase of 2.65 US cents/lb from June 1, and the International Cotton Price Index (M) was 94.62 US cents/lb, an increase of 2.65 from June 1. Cents per pound. On June 4, the July contract of ICE futures was 85.80 cents, up 159 points, and the December contract was 85.88 cents, up 84 points.

　　 3. Downstream industry chain

　　 Although the cotton market has risen by a large margin, the downstream textile companies have been quiet in purchasing, and textile companies have ordered bargain-hunting, and market transactions are still dominated by small batches. The overall trading atmosphere of the cotton yarn market is general, and the market’s wait-and-see sentiment is even stronger. The industry has begun to enter the off-season market, downstream demand has fallen, and cotton yarn prices have remained stable. The grey cloth market is generally stable, and regular grey cloths are mainly small and medium-sized orders. With the aggravation of the epidemic in Vietnam, the return of orders to the country is expected to increase.

　　 At present, the market has strong bullish sentiment. The country has repeatedly proposed to do a good job of ensuring the supply of bulk commodities and stabilizing prices. The domestic cotton prices are not motivated to rise sharply, and short-term fluctuations are expected to remain stable.