Pure Cotton Yarn Market Price Is Weak, The Goods Are Acceptable, And The Price Of The Downstream Fabric Is Stable.

Pure cotton yarn market is acceptable, but no obvious improvement, the price is still weak leading. At present, domestic demand orders are relatively stable, mostly small ones, and spinning enterprises are generally not good in profits. The new orders for downstream weaving mills are limited, and cotton mills in some areas will increase their willingness to purchase cotton yarn in the near future. Foreign trade orders still need to wait for improvement. It is estimated that pure cotton yarn price is still running weak.

[market overview]

　　 Today, cotton spot transactions are active, enquiries and listing atmosphere is better. Today, cotton turnover continued to slightly improve compared with yesterday, and more due to the decline of Zheng cotton after more bills were swept; today just need to move slightly to the 09 mainstream contract point 11300-11420. Today, Zheng cotton futures concussion rose, CF2005 closed 11170 yuan / ton, up 20; CF2009 received 11550 yuan / ton, up 15.

Direct spinning polyester and short prices fell slightly, some manufacturers preferential goods, no inventory, half light. 1.4D Mainstream trading center maintained at around 5600-5700 yuan / ton. Hebei T45S mainstream contains 9800-10100 yuan / ton tax, and the mainstream price of Henan TC 65/35 32S is 14000-14200 yuan / ton.

Viscose staple market is relatively calm, viscose factory no further action. The mainstream quotation range is 8900-9300 yuan / ton.

　　 The cotton yarn market has been in a mood of improvement after the volume of some cheap varieties. Although the volume has picked up, the price has not changed much at present, and is still maintained at a low level. Other yarn prices are weak and lighter.

　　 Today, the spot price of imported cotton yarn is generally traded, and the market is generally light. Traders are mainly thinking about shipping, but sales speed is still not fast. Last week's local speculative demand resumed, which led to a certain buffer in market price declines. Traders' quotations and bargaining prices decreased.

Today, the price of imported yarn is stable, and domestic traders are generally taking the goods. The imported yarn social stocks are still high. India's external market price is stable, and the turnover is light. Factory air spinning OEC12S US dollar quote One point four seven USD / kg, RMB after tax One point two five Ten thousand yuan / ton. The price of Vietnam's external market is stable, the recent inquiry continues, the purchase is light, and the price of local carding varieties is down. Factory C21S US dollar price Two point one four Around RMB / kg, RMB after tax One point seven five Ten thousand yuan / ton. Pakistan's external market price is stable and weak, and there are more recent defaults. Second tier siro spinning C10S us price is still around $350 per piece, RMB after tax. One point five eight Ten thousand yuan / ton, the deal was light.

　　 According to the volume statistics of China Textile City, the total sales volume of grey cloth today is 7 million 710 thousand meters, an increase of 1 million 240 thousand meters compared with yesterday. Among them, chemical fiber cloth today traded 4 million 970 thousand meters, accounting for the total sales volume. 64.5% The total cotton sales were 590 thousand meters, accounting for the total sales volume. 7.65% The cotton cloth has been sold for 630 thousand meters, accounting for the total sales volume. 8.17% 。

Pricing structure and arbitrage analysis

　　 As of May 13th, the domestic CY C32 price was 18725 yuan / ton (0), the India C32S price was 18300 yuan / ton (-200), the price difference was 425, there was no arbitrage opportunity at present.

[technical analysis]

　　 In May 13th, the price of cotton yarn 09 contract went up and down, the highest price was 18970 yuan / ton, the lowest price was 18730 yuan / ton, closing price was 18870 yuan / ton, compared with the previous trading day, it rose 30 points and 7345 positions, up 30 hands compared with the previous trading day.

[outlook]

Pure cotton yarn market is acceptable, but the price is weak and no improvement has been made. The change of the whole cotton fabric is slow, and the sales of the cotton fabric are slightly better. It is still necessary to wait for the improvement of foreign trade orders. It is advisable for speculators to wait and see. (for reference only)