Cotton Yarn Prices Were Weak This Week, Polyester Yarn Rose Slightly, And Cotton Yarn Increased Slightly.

So far, the new crown has seriously disrupted people's normal life order and brought unprecedented unprecedented trade environment to the whole world. China and even the world's cotton textile industry suffered heavy losses.

Overseas, according to the international textile manufacturers Union (ITMF) survey, compared with the same period last year, the current global textile order cancellation or extension ratio from about 8% to 40% or so. In 2020, the global textile industry expected to expand its turnover from 10% to 33%.

Domestically, the cotton yarn market this week changed little before the holiday, and cotton yarn prices were weak. According to the specific varieties, airspinning: light spinning of pure cotton yarn is a common phenomenon, and the price reduction of textile enterprises is widespread and the price is weak. The overall inventory level of spinning enterprises is still rising, and the opening of the May Day phenomenon is relatively common, and the overall start-up is down. At present, the textile enterprises are starting to gradually recover to the pre holiday level. In terms of polyester, the main oil producing countries this week implemented the production reduction plan, and the crude oil futures price rose. Due to the rise in the price of raw materials, the price of polyester yarn increased significantly, but without the support of terminal demand, the market of No. 8 was weak. The stock pressure of pure polyester yarn has been relieved because of the load reduction during the holiday. This week, viscose staple in the early days of large number of signing the background, the offer has been tested to increase. The mainstream sticky short price index increased from 8700 yuan / ton to 8800 yuan / ton, and the high-end sticky short price index increased from 8900 to 8950 yuan / ton. In terms of stock of viscose staple fiber, there was another wave of short - term deliveries after the replenishment of downstream viscose staple. However, due to the reduction of cotton mill output and slow delivery speed, the stock decline was not sustained.

Generally speaking, cotton yarn price is weak this week, the price of cotton yarn and polyester viscose yarn is falling, the price of pure polyester yarn is rising, and the price of polyester cotton yarn and cotton viscose yarn is stable. At present, a small number of goods in the yarn market are mainly goods. After the holiday, the stock pressure has eased, and now it is in the low sales season.

[weekly market overview]

　　 Cotton spot prices rose this week, based on the weak spot price of yarn, trading light. Polyester and short crude oil prices have risen slightly, sticky and tentative.

　　 Pure cotton yarn market has little change before the holiday, and cotton yarn price is weak. The polyester cotton yarn store declined during the May 1 period, and after the holidays, the production and marketing remained light. This week, the cotton yarn market has been in a low slump, and the factory is trying to restore production. On the main price side, the prices of the process yarns are mainly stable this week.

　　 Grey fabric market, according to China Textile City yard volume statistics, this week the total volume of grey cloth sales volume of 19 million 850 thousand meters. Among them, 13 million 330 thousand tons of chemical fiber cloth were sold today, accounting for 67.1% of the total sales, and 1 million 350 thousand tons of cotton cloth, accounting for 6.8% of the total sales, and 1 million 590 thousand tons of cotton cloth, accounting for 8.1% of the total sales. Affected by raw materials, prices have declined in varying degrees, and inventory pressure has decreased compared with those before holidays.

Pricing structure and arbitrage analysis

　　 As of May 8th, the domestic CY C32 price was 18730 yuan / ton (0), the India C32S price was 18500 yuan / ton (-200), the price difference was 230, there was no arbitrage opportunity at present.

[technical analysis]

　　 This week cotton yarn CY009 contract price shocks rose, the shock interval 17800-19350 yuan / ton, the highest price 19095 yuan / ton, the lowest price 18280 yuan / ton. In May 8th, the position was 7214, an increase of 696 compared with 6.

[outlook]

This week cotton yarn CY009 contract price is arranged sideways, running interval 17800-19350 yuan / ton. At present, a small number of goods in the yarn market are mainly goods, and the stock pressure has eased after the holiday. At present, we are entering the low season of sales. We expect short term sideways shocks and speculators can make short-term transactions. (for reference only)