The Textile Market In May Showed A "V" Trend, With A Slight Decrease Overall.

In the first half of the month, it continued to drop to the lowest point in the month. After a 879 point, it rebounded slightly. As of May 31st, the textile index was 887 points, down 1% from 896 at the beginning of the month, an increase of 20.52% over the previous period, a 17.41% decrease from the 1074 highest point in the cycle (2013-02-19), which was 24.06% higher than that of the 17 lowest point in 2016.

In terms of price, there are 5 kinds of goods in the 21 textile products monitored. The top 3 products are dry cocoon (3A or above) (3.07%), raw silk (domestic commodity inspection) (1.70%), spandex (1.56%).

There were 16 kinds of commodities with a decrease of 5%, and 6 of the commodities with a decrease of more than 5%. The top 3 products were nylon HOY (-8.40%), nylon POY (-7.66%) and nylon FDY (-7.62%).

According to price monitoring, the average price of 3128B grade lint market in domestic spot market was 16068 yuan / ton, up 0.81% from the beginning of May 31st.

Futures, Zheng cotton 1709 contracts in May, a substantial shock, the maximum amplitude of 1160 yuan / ton.

As of May 31st, the 1709 settlement price of zhengmian's main contract was 15550 yuan / ton, compared with the 15965 yuan / ton in May 2nd, which fell by 2.60% compared with the beginning of May 2nd.

In 2017, the reserve cotton rotation began in March 6th, and the listing volume stabilized at about 30 thousand tons per day.

Entering the May, the high grade cotton market gap appeared, giving cotton spot strong support, reserve cotton.

Almost all of Xinjiang cotton has been sold, and the poor acceptance of the national spinnability market has become a stumbling block for the turnover of cotton reserves.

In May, the output of Xinjiang cotton basically remained below 15 thousand tons, and the turnover rate of reserve cotton also hovered between 50-70%.

As of May 31st,

A total of 1 million 811 thousand and 500 tons of accumulated output from the round out plan and 1 million 280 thousand and 500 tons of accumulative warehouses were sold. The turnover rate was 70.69%. The average price was 14968 yuan / ton, and the 3128 price was 16230 yuan / ton. The highest price was 16780 yuan / ton, and the lowest price was 12810 yuan / ton.

Downstream, cotton yarn market has entered the off-season, domestic demand is sluggish, but the upstream raw materials are rising, profits continue to shrink, cotton yarn prices show a slight weakening trend.

According to the price monitoring of business associations, by May 31st, the average price of 21S single yarn with high quality knitted fabrics was 23575 yuan / ton, down 0.68%, up 18.20% from the same period last year.

From the quantity of cotton reserves, the overall supply of domestic cotton is relatively adequate, but from the quality of the rotation, the current daily supply of Xinjiang cotton can not meet the demand of high-quality cotton in China, resulting in a substantial concussion of Zheng cotton and a slight increase in cotton spot.

The downstream cotton yarn market has gradually entered the off-season, while raw materials are rising and profits are compressed. It is expected to have a weak supporting role for cotton prices in June.

Overall, the effective supply of cotton was insufficient in May, but the downstream support was weak in the off-season. It is expected that the lint will run well in June and the price will run above 16000 yuan / ton.

Judging from the textile industry, the current global economy is slowly recovering.

Demand was strong and exports rebounded sharply. In April 2017, China's textile and clothing exports amounted to US $21 billion 611 million, a year-on-year increase of 7.96%, an increase of 3.6% over the same period last year.

Among them, textile exports amounted to US $9 billion 814 million, an increase of 1.56% over the same period last year, and clothing exports amounted to US $11 billion 797 million, an increase of 5.37% over the same period last year.

Domestic demand grew steadily. In April, retail sales of clothing shoes and hats and needle textiles were 112 billion 600 million yuan, an increase of 10% over the same period last year.

In the 1-4 month, retail sales of units above designated size were 46832 yuan, up 8.3% over the same period last year, of which retail sales of clothing, shoes and hats and needles were 477 billion 900 million yuan, up 7.1% over the same period last year.

But in May 2017, the commodity supply and demand index (BCI) of the business community was -0.19, rising by -1.01%, reflecting the contraction of the manufacturing economy last month and the smooth operation of the economy.

Entering the June, the chemical fiber board is expected to stop the downtrend from the upstream, but the terminal weaving industry has entered the off-season as a whole. It is expected that the market will weaken in June.

But at present, the global economy is showing signs of recovery, exports of textile industry are getting warmer, and domestic demand is moving steadily. At the same time, under the "one belt and one road" initiative of China, textile enterprises have improved in the off-season.

It is expected that the textile trend will show an inverted "V" in June, and the highest point will be around 890 in mid June, and the lowest point will be around 870 at the end of the month.

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