Zheng Cotton Opens Down Mode Cotton Yarn Price Consolidation

Since mid May, Zheng cotton has started a downward trend, while cotton prices have been falling all the way, while spot prices are less affected by the domestic high-grade cotton supply gap, and the main base of cotton has gradually expanded to 800 yuan / ton.

In the middle of June, Zheng cotton began to shake, and at that time, ICE cotton was continuously affected by the increase of the international cotton planting area and the expected increase in output. In June, there was a 10 drop in 9-22 days. The ICE cotton 12 contract fell from 73.1 cents to 22 66.72, or 8.73%, in June.

The price of this pure cotton yarn has been partially consolidated, and the volume of low price yarn has not been concentrated.

Pure polyester yarn trading atmosphere is generally stable, T45S trading volume is acceptable, T50S goods are not smooth.

Affected by the rising price of viscose, the price of cotton yarn also showed a slight rise, which was better than that of R30S.

Polyester cotton yarn volume generally, prices remain stable.

Polyester and viscose yarn 32S/2 pactions increased slightly, the price is basically stable.

At present, the stock of cotton mill has been increasing step by step, mostly in about 20-25 days, the construction has maintained high level, and the follow-up of new orders in the late stage is not good enough.

The middle and high count pure cotton yarn is weakening, and the local price center of gravity has been slightly reduced. A factory in Shandong has quoted JC60S price of 33200 yuan / ton, and the manufacturers are losing more.

Polyester staple slightly up, Shengze

Temporarily stable wait and see, 32S quote 11500 yuan / ton, 45S quote 12500 yuan / ton, overall sales volume is stable.

Shandong Changyi pure polyester yarn price report, the original white quality excellent 32S quotation 12500-15400 yuan / ton short delivery, pure black 32S quoted price 12500 yuan / ton short delivery, volume generally.

Grey cloth (6.28): pure cotton cloth has been adjusted, the price is basically maintained weak, and downstream goods are relatively general, some specifications of gray cloth inventory pressure slightly, the overall industrial chain inventory gradually increasing process, weaving manufacturers to produce more, purchase cotton yarn also gradually in short-term orders, the overall confidence in the latter market is poor, wait and see mainly.

A factory in Shandong C 21x21 108x58 63 "gauze card quotes 8.60 yuan / m, a factory in Hebei C 40x40 133x72 63" plain cloth edge price 6.90 yuan / meter, Tengzhou factory C 60x60 90x88 64 "Bali yarn quoted price 5.30 yuan / meter, are basically flat."

According to statistics, the average spot price of cotton in the mainland in May was around 16000 yuan / ton, and the price of cotton in the United States was 15000 yuan / ton, and the difference between them was 1000 yuan / ton.

In June 27th, the price monitoring of mainland grade 3128 lint price was 15944.76 yuan / ton. On the same day, the US cotton M 1-3/32 "grade price was 13800 yuan / ton, and the US cotton SM 1-1/8" class price was 14059 yuan / ton, both inside and outside.

The difference has been widened to around 2000 yuan / ton.

The gap between domestic and foreign cotton prices is widening, and the downstream textile enterprises' export pressure is obvious.

The main reason for the low price of the global cotton futures market is the increase of cotton planting area in the new year and the expected increase in the new year.

According to statistics

The main production area of the United States, 2017/2018 annual production increase is expected to be around 12%, in June 23rd, India cotton planting area reached 37 million 50 thousand mu, an increase of 30% over the same period, while the domestic cotton sowing area increased by 8.5%.

In the domestic market, domestic cotton prices are not only affected by international cotton prices, but also domestic policies such as cotton reserves and import quotas.

At present, the domestic market as a whole is stable, and the risk of continuous decline of cotton market is less than that of national cotton storage. It is estimated that Zheng cotton will not run at 15000 yuan / ton in the future.

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