Domestic And Foreign Market Prices Of Cotton Yarn Fell

The rule of direct subsidy has become more pure after landing.

The downward trend of prices.

9 since the middle of last month, some domestic textile enterprises continue to reduce the price of yarn. Meanwhile, the price of imported yarn is falling.

In September 25th, the price of 32S and 40S in the Jiangsu and Zhejiang provinces were 25000-25500 yuan / ton, 26200-26300 yuan / ton respectively, and the price center of gravity continued to move down 100-200 yuan / ton.

On the same day, a person in charge of a company in Jiangsu said that although the "Kim Gu" season was still under way, the turnover of conventional yarns had not improved significantly, and the inventory of the downstream fabric manufacturers remained high. In order to avoid the risk of loss, the purchase of cotton yarn was more cautious.

Their factory maintained a "single discussion" in the actual paction process, and the inventory of products and raw materials kept low.

The production of combed ring 21S quoted 28000 yuan / ton, 32S quoted price 29200 yuan / ton, compared with last week fell 400-500 yuan / ton.

Only the price of airflow spinning is stable, and the quotations of 10S, 12S, 16S and 21S are 18600 yuan per ton, 19000 yuan per ton, 19800 yuan / ton, 20600 yuan / ton respectively.

Market analysis of cotton yarn prices

The reasons are: first, the weak demand in the lower reaches.

The two is the lower cost of upstream raw materials.

Xinjiang cotton direct subsidy rules have caused a downward trend in cotton prices at home and abroad.

Recently, Zheng cotton main CF1501 trend is still cloudy and sunny. On the 24 day, it opened up and left low, closing at 12800 yuan / ton, and the ICE cotton main force also dropped to below 62 cents / pound.

According to the sliding tax rate, the duty paid cost of cotton delivered to us in December is about 13000 yuan per ton.

Traders reflected that on the 24 day, the mainstream price of SM1-1/8 in Qingdao and the United States cotton was quoted at 16600-17000 yuan / ton, and the individual low horse value was 16400 yuan / ton, and the price dropped 100 yuan / ton compared with the previous two days. Traders continued to use low price to stimulate the terminal market to digest the stock.

In addition, judging from the recent acquisition of seed cotton in Xinjiang and the mainland, the purchase price of seed cotton has generally declined, and the cost of lint has dropped to 14000-14500 yuan / ton.

The price of imported yarn continued to fall. On the 25 day, the price of the 21 ports of the combing spinning ring dropped 200 yuan / ton compared with 19 days, and the price of the 32 combs was reduced by 100 yuan / ton.

According to the head of a trading company in Hangzhou, Zhejiang, the company mainly imports yarn trade, covering 10-32 branches, including air spinning, ring spinning and so on.

On the 25 day, the company quoted the following price: India air spinning 16 yuan 16000 yuan / ton, general carding high matching 21 yuan 21800 yuan / ton, general carding high matching 32 23000 yuan / ton, combed 32 32 26000 yuan / ton.

From the price comparison, the imported yarn is still 2000-3000 yuan / ton lower than the domestic yarn, and the price advantage is still obvious.

However, due to the recent decline in domestic yarn prices, import yarn also has sales pressure.

According to traders, at present, the import yarn of each port is maintained at about 80 thousand tons, and inventory is at a high level. Traders are selling more pressure, maintaining small profits or even losing money.

At present, domestic cotton futures market spreads are in the line of 3000 yuan / ton, and the risk of late cotton price fall is greater.

It will be in the downstream channel for a long time.