Yarn Is Subject To Three Major Pressures And Is Expected To Continue To Go Down.

During the "silver ten" period, the domestic yarn market was generally weak. Manufacturers said that the orders were not good, the inventory pressure was large, the price of the products was weak, and the planned adjustment of output and product structure increased. According to feedback from all parties, the author concluded that textile mills mainly bear the pressure from three aspects.

Speaking of Zheng cotton futures, since the start of the fall mode in mid September, Zheng cotton has continued to decline.

As of October 15th, zhengmian main force closed 15605 yuan / ton, down 5 yuan / ton.

Since Zheng cotton main closed at 16510 yuan / ton in September 17th, Zheng cotton has dropped 905 yuan / ton.

Cotton yarn futures

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As of October 15th, cotton yarn futures closed at 24820 yuan / ton, up 55 yuan / ton.

In September 17th, cotton yarn main contract closed at 26525 yuan / ton, and cotton yarn decreased 1705 yuan / ton in one month.

As a market vane, futures continued to fall, which severely damaged market confidence.

Not only do downstream businesses dare not take large quantities of goods, but even the textile mills themselves are careful to step up the sale.

The market is chill and snowflakes are dancing.

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According to traders feedback, 7-8 months,

Export prices plummeted, of which only 14 cents per pound of cotton yarn exports to China in August alone.

According to customs statistics, about 200 thousand tons of cotton yarn imported from China in August this year were flat, but increased by 25.97% over the same period last year.

In view of the low cost of signing contracts, the imported yarn of low port in 9 and October has great impact on domestic yarn.

Many cotton mill executives said that the price difference of C32 cotton yarn at present is 200-300 yuan / ton, and the downstream yarn business will purchase according to the habit and demand of yarn.

Market forecast, as the international cotton prices continue to decline, the impact of imported yarn on domestic yarn will be bigger and bigger.

After the national day, Xinjiang cotton also started a downward trend.

As of October 16th, the price of hand picked cotton in Akesu and Korla was 7.0-7.1 yuan / kg (40% of clothing and 12% of moisture regain), compared with 0.5 yuan / kg in the middle of September.

While seed cotton is falling,

Spot prices fell.

As of 16 days, the "double 28" price of hand picked cotton in the southern Xinjiang region was 16200 yuan / ton (gross weight and pick-up), which dropped 200 yuan / ton this week.

In recent years, Xinjiang cotton has been the main raw material source of domestic scale textile mills. To some extent, Xinjiang cotton has played a role as a barometer.

The price of Xinjiang cotton has dropped, making the wait-and-see psychology of textile factories strengthened, and the cotton yarn has also lost some cost support.

Combining the above three aspects of pressure, the market expects the yarn market will continue to fall slightly in the near future.

According to the author's understanding:

Recently, the price of pure cotton yarn combing 21S, 32S and 40S in Hebei Lu Yu area is 23000 yuan / ton, 24200 yuan / ton, 25200 yuan / ton, and has remained stable in the near future.

However, according to the feedback from manufacturers, although it is located in "silver ten", the order is not very satisfactory. Enterprises either stop production or limit production, or "drop goods" to reduce pressure.

In particular, some manufacturers in the real single paction process, give downstream enterprises higher profit making behavior, cotton yarn "clear and steady and dark down".

Therefore, it is expected that the pure cotton yarn will change or decrease from dark fall.

Since late September,

Human cotton yarn has dropped considerably.

As of 16 days, the polyester yarn of polyester yarn 32S of a factory in Shijiazhuang, Hebei, was quoted at 14000 yuan / ton (excluding tax factory), compared with the previous trading day, the price dropped by 200 yuan / ton, and sales volume was acceptable.

A factory in Shandong Weifang 30S cotton yarn daily 20400 yuan / ton factory, the recent price has not changed, sales volume in general, large single volume can be negotiated.

However, due to the "three pressures", it is expected that polyester and yarns will not be able to withstand downtrend in the near future.