Imported Yarn Spot Trading Light --SICE Daily Price Bulletin (3.12)

domestic

1.3128B cotton 12680 fell 43; 1.5D viscose staple fiber 9300 flat; 1.4D polyester staple fiber 6220 down 30; pure cotton yarn C32S 20500 flat; cotton yarn R30S 14050 flat; pure polyester T32S 11050 down 50.

2., Zheng cotton futures set a new low. The spot market has a strong wait-and-see mentality. The price difference between Shandong and Xinjiang cotton makers is about 12400 yuan / ton, which is about 12400 yuan per ton.

3. viscose market volume is not big. At present, the chemical fiber factory has no obvious limited production, the supply is continuing to excess. At present, downstream users need to concentrate on large single inventory to solve the inventory pressure. Therefore, the price is expected to continue to decline. At present, the price of mid end viscose staple fiber is 9300-9400 yuan / ton, and the price of high-end viscose staple fiber is 9500-9600 yuan / ton.

4. Zhengzhou CF005 contract opened at 12320 yuan / ton, closing at 12150 yuan / ton, down 255 yuan from the previous trading day, or 2.06%, 394219 hands in volume and 8398 hands to 406738 hands.

　　 ?? 5.PTA2005 contracts are low and low. The closing price of the day was 3858, which was -2.43% compared with the previous trading day, with a turnover of 1054282 hands, 759590 positions, -4493 and base -5.

　　 6. the price of PTA futures dropped significantly this morning. The price of polyester factories in Zhejiang market is lower than that of raw materials, and the FDY discount rate is larger. Downstream textile enterprises should be purchased on an appropriate basis, and sales of low price goods will be smoother and market trading atmosphere will be moderate. It is expected that the center of gravity of polyester filament will continue to fall in the near future. 100, the mainstream prices were 6650, 6950 and 8750 respectively.

7. China's textile city increased incrementally, with a total turnover of 4 million 70 thousand meters, of which 2 million 390 thousand were long silk cloth, 1 million 680 thousand were short fiber cloth, including 380 thousand cotton cloth, 280 thousand TC cloth, 390 thousand TR cloth, 240 thousand R cotton cloth and 390 thousand meters.

international

The 1.11 day ICE cotton market rally continued. May contract settlement price of 61.55 cents, up 14 points; July contract settlement price of 62.16 cents, up 13 points; December contract settlement price 62.43 cents, 15 points. Other contracts rose by 9-19 points.

2. on Wednesday, cotton spot prices in India rebounded, and the price of S-6 cotton ginning factory was 38750 rupees / candi, which was 66.90 cents / pound. The price of J-34 in Punjab is 4050 rupees / mod, 66.65 cents / pound. On the same day, the amount of seed cotton listed was 20 thousand and 100 tons of lint, including 5440 tons of Maharashtra, 5100 tons of Gujarat Bong and 5100 tons of trongan.

　　 3. according to Vietnamese customs latest statistics, Vietnam imported 151 thousand and 100 tons of cotton in February, an increase of 88% from last month, an increase of 67% over the same period last year, the highest since July 2018. Foreign direct investment in textile factories accounted for 66% of imports. Of the cotton imported in that month, the highest proportion of US cotton accounted for 58% (87 thousand and 600 tons), followed by Brazil accounting for 25% (37 thousand and 900 tons), while India accounted for only 7.4%.

As of the end of February, Vietnam's total cotton imports this year amounted to 742 thousand and 700 tons, down 7% from the same period last year. Among them, the import volume of cotton and Brazil cotton increased by 19% and 59% respectively compared with the same period last year, while Australia cotton and India cotton decreased significantly.

4. the spot market of imported yarn is light, and the price is stable and weak. Continuous and light sales in Hong Kong continued to increase inventories and pressure on the market. The sharp decline in US dollar prices makes the spot price fall only a matter of time.

Guangdong market good quality Vietnam C32s knitted drifting 21000 yuan / ton, light market, traders pressure mountain; traders in Jiangsu and Zhejiang mainstream Vietnam C32s tax price in 20000-20500 yuan / ton, bureau occasionally trading, the market is relatively good; Qingdao mainstream import yarn C32s machine price in 19500-20000 yuan / ton, downstream recovery slow, few demand, traders pressure.

5. the price of imported yarn today is stable, and the external market is light. Imported yarn spot stocks are at a high level, domestic buyers' willingness to purchase external markets is not high, the development of external coronavirus is rapid, and international downstream demand is greatly affected. International cotton yarn negotiation and procurement are shelved.

India today's external market price is stable, and the turnover is light. Local traders good quality JC32S US dollar quoted 2.85-2.87 dollar / kilogram, RMB after tax is about 2.36-2.37 yuan / ton, inside and outside price upside down serious. Despite the constant depreciation of the rupee, most of the quotations remain stable, but there is much room for negotiation, and the dollar price is expected to fall further.

Vietnam's foreign market price is more chaotic, factory C32S can float US dollar quoted price 2.55-2.61 dollar / kilogram, RMB after tax approximately 2.04-2.09 yuan / ton, the turnover is light, most factory ship date is still in March. At present, the demand of the following tour is not obvious. Some factories that have not cut prices are under great pressure, and it is expected that US dollar prices will continue to weaken.

The price of Pakistan's external market is stable, and the turnover is light. Second line siro spinning C8S US $405 / piece, RMB 17 thousand and 900 yuan / ton after tax.

6. today's quotation from cotton to port is flat. The shipment period of India cotton Shankar-6 1-5/32 is quoted at 69.5 cents / lbs for 4/5 months, 13764 tons under the discount slip tax, and 12010 yuan / ton from the port under the 1% quota tariff. The shipment period of US cotton EMOT SM is quoted at 74.45 cents / pound in 4/5 month, 14241 yuan / ton under the discount slip tax, and 12851 tons at the port 1% quota tariff. Brazil SM shipment period 4/5 months quote 74 cents / pound, discount slip quasi tax quote 14194 yuan / ton; 1% quota tariff port price 12774 yuan / ton.