Domestic Cotton Yarn Continues To Be Weak, But The Price Of Imported Yarn Is Not Going Up.

Reserve cotton reserve price continued to decline, the cumulative reduction of 748 yuan / ton, the weekly cotton reserve turnover rate remained at 60% front-line, at a normal level, real estate cotton turnover increased, Xinjiang cotton output decreased.

Zheng cotton sharply fluctuated, 28, 29, two pactions plummeted, the main CF1709 contract fell 715 yuan / ton, and successfully broke 15000 yuan / ton strong psychological support position, broken down, pessimism immediately diffuse the market.

The fragmented trend of spot and futures is more obvious. While Zheng cotton has plummeted, spot markets remain stable and remain stable.

Cotton traders said that the quality of Xinjiang cotton was in short supply in recent years, and the price did not fluctuate with the electronic disk.

The price of small cotton is 200-300 yuan / ton less than that of cotton bales, of which the 3 and 4 grades of small cotton are 15000 yuan / ton and 14500 yuan / ton respectively.

At present, the market small bag cotton to go stock pressure is bigger, some small manufacturers talk about the price is lower than the quoted price 150-200 yuan / ton.

Other raw materials, polyester staple fiber prices rose slightly during the week.

At present,

Most require cash settlement, and the manufacturer delivers the goods on the market.

Viscose staple fiber overall situation is good, prices are rising.

Long staple cotton prices are strong and prices fluctuate little.

Cotton yarn, the characteristics of the recent off-season is obvious, the recent textile enterprises feedback orders gradually less, gradually dilute the boot.

According to the introduction of some pure cotton yarn enterprises in Shandong and Henan, on the one hand, with the hot weather, enterprises are going to spend summer holidays for workers. On the other hand, yarn orders are few, and enterprises can not operate at full capacity.

The price of pure polyester yarn and polyester cotton yarn has risen slightly, but the paction is still light.

Polyester cotton yarn market slightly stable, individual quotations rose slightly.

In terms of imported yarn, according to traders feedback, the outer yarn inventory of the port remained at 50 thousand tons, and the domestic cotton yarn continued to be weak in the near future.

The price will not go up, and the losses of traders will be larger. Most of them will be reluctant to sell, and the trend of imported yarn stability is expected to be weak in the near future.

It is understood that in early June, ICE futures experienced a sharp decline until last week, with a slight rebound. The July contract which was about to expire increased by 3.7%, while the December contract rose by only 2.3%, but it still dropped 6.2% compared with the level of 4 weeks ago.

The main reason is that the coverage of the US agriculture department's actual area is 1.5% lower than that of March, which is lower than the market expectation.

Last week, Texas's rainfall was conducive to cotton growth, which might inhibit.

And the higher production forecast will offset the impact of reduced planting area.

According to data from last week's test company, global cotton output will increase by 224 thousand tons in 2017/18, cotton consumption will increase by 95 thousand tons, and final inventory will increase by 173 thousand tons.

At the same time, it is estimated that China's cotton inventories will be further reduced in the next quarter, and inventories outside China will increase substantially, thus putting great pressure on cotton prices.

According to statistics, last week, China's cotton futures prices began to decline with the price of ICE futures, of which the July contract fell below 15000 yuan / ton.

As the price of China's cotton reserve is referenced to the international cotton price, it is estimated that China's cotton price will be lowered along with the fall of international cotton prices in the future.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.