The Atmosphere Of Human Cotton Yarn Continues To Pick Up, And The Yarn Market Is Still Weak.

The pure cotton yarn market has not improved significantly, but still a small number of small single goods, the price is weak. At present, the conventional variety of carded yarn has been accelerated, and the demand for pure cotton yarn and high count yarn is relatively low. Orders for the downstream weaving mills increased slightly, with a small quantity. Cotton yarn purchasing is still on the waiting list. It is expected that the cotton yarn market will remain weak in the short run.

[market overview]

　　 Today, cotton spot transactions increase, and enquiries are more stable. Today's early enquiry was light, with only a few Cotton Traders doing a good job. Today we just need to pay more than 11300-11550 of the 09 contracts. Today, Zheng cotton futures declined, CF2005 closed 11150 yuan / ton, down 100, CF2009 closed 11535 yuan / ton, or 85.

Direct spinning polyester and short prices fell, some manufacturers preferential goods, half light 1.4D mainstream trading center maintained at around 5600-5700 yuan / ton. Jiangxi pure polyester yarn has been selling smoothly in recent years, the price is rising moderately, the mainstream price of T32S is 9800-10000/ tons, the price of polyester cotton yarn in Fujian and Jiangxi has declined, and the mainstream of TC65/35 32S is 13600-13800 yuan / ton.

Viscose staple fiber market is becoming more and more strong in recent years. The mainstream price of medium staple is quoted at 8900-9000 yuan / ton. With the decrease of some large negotiated products, the actual price is close to quotation. The price of high-end fiber is 9400 yuan / ton, and there is a price free market. At present, the factories have more orders in advance, and are in normal execution.

　　 The atmosphere of the cotton yarn exchange continued to pick up. The yarn sold at low prices was better, and some of the cotton mills were selling at a high volume. This is mostly for the lower and lower reaches of weaving, and the speculative sentiment in the trade links is still cautious. In terms of polyester, the price of raw materials has been stabilized, the price of pure polyester yarn has gone up slightly, the price of polyester cotton yarn has dropped sharply, and the factory has basically resumed work after the holidays, and the load has begun to pick up.

　　 Today, the spot market of imported yarn is light, and the market is quiet. After last week's holiday, just buying and speculative purchases were all disappearing this week. Traders resume speculation locally, and domestic traders mainly rely on small quantity increase.

The price of imported yarn is mainly stable, and local transactions continue to occur. The price of India's external market is stable. Local traders have better quality, JC32S US dollar price is still around 2.4 US dollars / kg, and RMB after tax is about 22 thousand and 900 yuan / ton. The price of Vietnam's external market is stable, and the price of local spinning is weak. The factory C32S US dollar price is near 2.27-2.3 USD / kg, RMB after tax is about 1.86-1.88 yuan / ton. The price of Pakistan's external market is stable, and suppliers are mainly honest. The price of siro spinning C10S is still around $350 per piece, and RMB after tax is about 15 thousand and 800 yuan / ton.

　　 According to the volume statistics of China Textile City, the total sales volume of grey cloth today is 6 million 470 thousand meters, an increase of 1 million 220 thousand meters compared with yesterday. Among them, 4 million 300 thousand tons of chemical fiber cloth were sold today, accounting for 66.5% of the total sales, and 430 thousand tons of cotton cloth, accounting for 6.6% of the total sales, and 480 thousand tons of cotton cloth, accounting for 7.4% of the total sales.

Pricing structure and arbitrage analysis

　　 As of May 12th, the domestic CY C32 price was 18725 yuan / ton (0), the India C32S price was 18500 yuan / ton (0), the price difference was 225, there was no arbitrage opportunity.

[technical analysis]

　　 In May 12th, the price of cotton yarn 09 contract dropped, the highest price was 19040 yuan / ton, the lowest price was 18810 yuan / ton, closing price was 18840 yuan / ton, compared with the previous trading day, it dropped 80 points, and the position was 7315, compared with the previous trading day, it reduced 160 hands.

[outlook]

The atmosphere of human cotton yarn exchange continued to pick up. The hot spots were high yarn, and the inventory of related factories dropped sharply. Recently, the main trend of yarn raw materials is more volatile, and the yarn market is still slack. It is advisable for speculators to wait and see. (for reference only)