Weekly Review Of China's Textile City Market (14 -20 Day)

In the fifth weeks of autumn, Shaoxing's China Light Textile City has frequent customers in the regular market, and keeps the cloth in and out, and the marketing activity is active. The market atmosphere tends to be warm in a week, and the overall marketing is stable and new.

The volume of passenger traffic has reached the highest level since autumn, and the total passenger flow is obviously higher than that of last week.

Domestic sales: the overall domestic sales of thick varieties are more than last week.

The sales volume is steadily lower than that of last week. The main reason is that the two tier market has improved, thus driving the sales volume rising steadily.

Foreign trade:

The sales of thick varieties were slightly more than that of last week. The thin varieties remained stable compared with last week, and the overall sales volume of foreign trade was slightly higher than that of last week.

On the spot: spot market is much larger than last week, and total spot trading is slightly more than last week.

The number of orders increased steadily, mainly from small bills over last week, and the total delivery volume continued to exceed last week.

Varieties: mainly the demand for filament knitted fabric and elastic cloth tends to be heavy. The demand for accessories in flannelette and bags increases more than that of last week.

The overall demand for short staple fabrics is still poor for a week. The demand for stable cotton cloth and polyester sticky cloth has increased slightly. The demand for mixed fabrics remains stable.

Price: the price of the staple fabric is mostly maintained last week.

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ICE cotton futures fell on Thursday, the most active December contract fell 0.31 cents, closing at 62.40 cents, the poor economic outlook and weak demand in China, so that cotton prices continued to bear pressure. The US Department of agriculture's Thursday export sales report showed that in the week ending September 10th, the US 2015/16 cotton export net sales of 96600 packs, an increase of 16% over the previous week, up 46% compared with the previous four weeks. The main export destinations are Vietnam, Mexico and Turkey. China, the world's largest cotton consuming country, has not actively bought, the market is still worried about China's demand reduction, the cotton market prospects are not good, and the growth of other emerging economies in China and other countries is weak, which may reduce the demand for commodities including cotton.

ICE cotton futures fell slightly higher after the fall, uplink resistance larger, the price center of gravity moved down, will continue to adjust the low and then slightly downward trend, December contract below the short-term support in the vicinity of 61 cents.

Zheng cotton futures contract continued to decline in 1601 months, down 35 yuan, closed at 12440 yuan, clinch a turnover of 46060 hands, holding about 307 thousand hands.

On the spot, China's cotton price yesterday pointed out that the cotton price was 13058 3128B, the cotton price rose 1 points, the spot price was stable in the near future, the new cotton has not been listed yet, the high-quality lint resources available in the market are less, the existing high-quality lint is favored by the textile enterprises, the sales progress is fast, the textile enterprises also expect the market to be clear, and the new cotton will be listed as soon as possible, so as to obtain more high-quality resources.

New cotton seed cotton has been picking up gradually, but there is not much purchase scale. The price of seed cotton is worse than that of cotton farmers. The mentality of selling is rather strong. Considering the weakness of current market and the poor demand prospect, the enthusiasm of cotton enterprises is not high.

The market has no obvious advantages, and many have no optimistic outlook on the future. Zheng cotton futures recorded a five day decline in the shade, and the market continued to be weak. It still maintained the short board. After that, the trend was still down, and the short-term support below the 1601 month contract was near 12300.