Textile Downstream Demand Weak Domestic Market Entering The End Of The Year

China's huge reserves to inventory pressure global cotton prices, India CCI lowest purchase price of cotton price, domestic and foreign cotton prices trend is relatively independent, and the United States cotton to maintain long-term shocks.

The January contract is close to delivery, and the market is concerned about the registration of warehouse receipts.

Textile downstream demand is weak, and the domestic market is coming to an end. At the end of the year, enterprises are busy withdrawing money, the price of conventional yarns is chaotic, and the price of imported yarn is obviously suppressed.

The de stocking of huge quantities of cotton reserves has long suppressed cotton prices.

Comprehensive analysis, the potential supply pressure of cotton reserves is huge, it is expected that Zheng cotton will be weak and volatile, and it will not exclude the stage market. It is suggested that 1605 stores should be held separately.

The signing progress of Mei Mei cotton is obviously lower than last year's level and the average level of nearly four years, and sales pressure is obvious.

Affected by floods, cotton production is reduced in Pakistan.

Demand is increasing.

India cotton exports smoothly, its domestic cotton prices go up.

Changes in industry news and testing indicators

(1) overnight

A narrow range of volatility, continuation of the interval oscillation pattern, double warehouse volume; ICE registered warehouse receipts equivalent to 621 (-5) contract; as of December 15th, CFTC fund futures net more single increase, positions accounted for 36.98%.

(2) overnight, Zheng cotton was running weak.

The January contract was close to delivery, and the market was concerned about the registration of warehouse receipts.

The May contract is expected to be sold and the price is not supported by cost. The trend is weaker than in January.

The growth rate of registered warehouse receipts has accelerated recently.

The effective forecast volume of warehouse receipts is 1174 (+10) Zhang, and the registered warehouse receipt volume is 273 (+29).

(3) in the international market, the Ministerial Conference of WTO announced the abolition of export subsidies for agricultural products and restricted the export credit of agricultural products.

The signing progress of US cotton has been lower than the same period last year and the average level of nearly four years.

Obviously, due to the impact of cotton production and the low pportation cost of Pakistan and Pakistan, the number of imported cotton in India has increased significantly, and domestic cotton prices in India have gone up higher than MSP. By the TPP effect, Vietnam's cotton imports have increased significantly.

(4) domestic market, the survey shows that in 2016, domestic cotton planting area decreased by about 7.2%, and the decline narrowed.

Textiles and clothing continued to grow negatively in November.

Price competition is fierce in textile market, yarn price is still slippery, and import yarn is obviously suppressed for internal yarn price.

The growth of domestic and foreign demand and the competitiveness of Southeast Asian countries continue to occupy the export share of domestic enterprises, and cotton yarn imports remain high.

Sticky short downstream demand weakened, prices fell slightly; the short and short prices were fluctuated by the trend of crude oil, but the cotton polyester ratio was still at a high level; the substitution trend of chemical fiber and new fiber to cotton was difficult to reverse in the short term.