Downstream Demand For Cotton Is Still Sluggish And Pressure Is High.

August 13th

Low opening shock cross shade star, late closing at 19275, down 105 yuan / ton compared with the previous trading day.

The turnover is 107364 hands, and the positions are reduced by 186 to 271432 hands.

From the ranking of the top 20 positions of Zheng cotton, the number of long positions increased by 5935 to 85632, and the total number of empty positions increased by 3064 to 102771.

Yesterday, the cotton warehouse (19270, -20.00, -0.10%) warehouse receipt was 1915, which was 28 less than the previous trading day, with an effective forecast of 13.

In the US cotton market, the US cotton market was down due to technical selling and global economic weakness. The US cotton contract in December fell 1.33 cents / pound, closing at 71.69 cents / pound.

On the spot side, China's cotton price index rose by 8 yuan / ton to 18370 yuan / ton in August 13th compared with the previous trading day.

The price of imported cotton FCindexM decreased by 2.09 to 87.49 cents / pound compared with the previous trading day. The import cost was 14925 yuan / ton at the sliding price, and the imported cotton was below the domestic cotton 3445 yuan per slip.

In the downstream market, the price of KC32S yarn in the 13 downstream of August was flat 24605 yuan / ton compared with the previous trading day, and the price of JC40S was unchanged at 30542 yuan / ton compared with the previous trading day.

In August 13th, the price of PET staple decreased by 20 yuan / ton to 10880 yuan / ton, and the price of viscose staple fiber was 15450 yuan / ton compared with the previous trading day, and the viscose market was good.

Related information:

The survey of cotton enterprises in July showed that domestic business inventories were 1 million 470 thousand tons, and sales were slightly better.

Textile enterprises survey shows that the cotton industry stock of spinning enterprises is 741 thousand and 300 tons, the ring ratio is increased by 17 thousand and 700 tons, the yarn stock is 19.25 days, the ring ratio increases 0.54 days, the grey cloth inventory is 28.34 days, the ring ratio reduces 0.39 days.

Summary: on Monday, Zheng cotton low shock cross star, trading positions were reduced, the two sides calm.

The price will be closed on the 5 and 10 days, and the short-term pattern will weaken.

Worries about global economic slowdown and euro zone debt crisis disrupted the market overnight and European and American stock markets fell.

The US cotton market has been dragged down by the economic slowdown, and the impact of the end of the USDA report has continued to decline.

Cotton fundamental view, a few days ago, Shandong, Hebei, Anhui and other cotton areas were attacked by heavy rain, seed cotton yield was affected, the cotton spot market inquiry increased more than last week, but the cotton price bearing capacity is weak.

The cotton yarn market is stable and strong, but the shipment is still insufficient, and the cotton mill has to continue to cut down production and pressure.

The survey of cotton enterprises in July showed that China's cotton enterprises' business inventories were 1 million 470 thousand tons, an increase of 120 thousand tons compared with the same period last year.

The survey of textile enterprises in July showed that the yarn inventory of textile enterprises increased by 0.54 days to 19.25 days, and the inventory of grey fabrics decreased by 0.39 days to 28.34 days. This shows that the pressure of textile enterprises is still large.

From the export and domestic sales data of textile and clothing in July, the demand for terminal textile and garment is still weak.

Overall, the signs of global economic slowdown are more and more obvious. In the short term, the market is expected to cool down the easing measures taken by major central banks, while the downstream demand for cotton is still sluggish, and the terminal stocks of textile enterprises have not yet been effectively alleviated.

The main 1301 contract can be short and short in the vicinity of 19300, with a short-term target of 19100 and a stop loss of 19350.