Textile Enterprises Let The Goods Go To Stock, And The Downstream Weaving Mills Are Weak. Cotton Yarn Just Needs To Be Purchased.

The new order is difficult, and the price of the spinning enterprise is much higher than that of the stock price. The downstream weaving mill is weak in production, and cotton yarn just needs to be purchased. Near the May 1 holiday, there are many holiday plans for spinning mills and weaving mills, and the pure cotton yarn market is expected to go further.

[market overview]

　　 Raw materials prices continue to decline, pure polyester yarn, polyester cotton yarn preferential delivery, light trading, because of the larger inventory pressure, some manufacturers through the May Day holiday or transfer high yield to reduce inventory. Today's cotton inquiry sheet is light, and the turnover is stable slightly improved. Today, the number of spot orders is mostly below 05 contract 11000 and more in 10600-10700 intervals; Zheng cotton futures concussion has risen, CF2005 has received 11120 yuan / ton, up 80; CF2009 has received 11450 yuan / ton, up 50.

Direct spinning polyester and short prices fell, half light 1.4D mainstream trading center maintained at around 5400-5600 yuan / ton. At present, the price of high-end fiber is about 9100 yuan / ton. The middle end is below 8900 yuan / ton. Downstream for the new price adjustment temporarily wait-and-see.

　　 Approaching the holiday, the spot price of cotton yarn has further weakened, the price of CY C32 is 18950 yuan / ton (-300), the price of CY JC40S is 22100 yuan / ton (-100), Fujian pure polyester yarn, T32S mainstream is 9400-9600 yuan / ton, and the mainstream price of Shandong polyester cotton yarn TC65/35 32S is 14000-14400 yuan / ton.

　　 The price of imported yarn is stable, and local prices are slightly lower. The price of India's external market is rather chaotic. Local traders offer steady prices. The price of OEC10S (1800CSP) is 1.47 US dollars per kilogram, and RMB 12 thousand and 500 yuan / ton after tax. The price of Vietnam's external market is weak. Based on financial pressure, the factory may further lower its price. The negotiable price of air spinning OEC21S is around 1.65 US dollars / kg, and the RMB after tax is about 13 thousand and 600 yuan / ton. The price of Pakistan's external market has dropped slightly. The C8S price of siro spinning is US $340-355 / kg and RMB 1.52-1.61 after tax.

The imported yarn market is light, and there is not much stock in the lower part of the market. Traders say they are unhappy with shipping. At present, most areas start up at 4 below, and turn on or down to 20-30% during the festival. Market generally pessimistic about market demand in May, in fact, order recovery is very difficult.

　　 Today, the cotton spot market has a mild atmosphere and a stable price. Pure cotton yarn market turnover is slack, spinning enterprise inventory rise, take goods mentality is stronger, price more single talk.

The cotton fabric market is running in a weak position. Traders are still showing no signs of picking up the goods. Even though small bills are going on, the phenomenon of price reduction often happens.

The price of the cotton fabric market is weak, and the trade atmosphere of the cotton yarn market is dull. The price continues to slide along with the price of raw materials. To reduce production and marketing pressure, cotton mills and weaving mills may take more than 7-15 days.

Pricing structure and arbitrage analysis

　　 As of April 29th, the domestic CY C32 price was 18950 yuan / ton (-300), the India C32S price was 18800 yuan / ton (0), the price difference was 150, there was no arbitrage opportunity at present.

[technical analysis]

　　 In April 29th, the price of cotton yarn 09 contract opened higher, the highest price was 18765 yuan / ton, the lowest price was 18510 yuan / ton, closing price was 18510 yuan / ton, up 50 compared with the previous trading day, and the position was 6787, which was 430 fewer than the previous trading day.

[outlook]

With the advent of the May 1 holiday, the cloth factories began to take a vacation arrangement. Due to limited orders, enterprises have to take 5-15 days off to reduce inventory pressure. Yarn prices are expected to continue to fall.