Pure Cotton Yarn Market Increased, Shipments Are Not Large, Polyester Yarn Price Stability, Sales Slack.

The cotton yarn market has been partially accelerated, but the shipment is still small and the price is weak. At present, domestic demand is relatively stable, and the phenomenon of price reduction is more common. It is reported that a small part of foreign trade orders or restarts have been improved, but weave's mindset has been improved, but the purchase of cotton yarn is still cautious. The cotton yarn market is expected to remain dominant in the short run.

[market overview]

　　 Today cotton spot trading is still available, enquiry list good atmosphere. Today, cotton trading is slightly lighter than yesterday, and today it is mostly used for replenishment of textile enterprises. Today, a small number of new or original bills are moved from the limit to 11400 and above. Today, Zheng cotton futures declined, CF2005 closed 11120 yuan / ton, down 50, CF2009 closed 11490 yuan / ton, or 60.

Direct spinning polyester and short price stability, no inventory, half light 1.4D Mainstream trading center maintained at around 5600-5700 yuan / ton. Fujian pure polyester yarn price stability, T32S mainstream newspaper 9500-9800 yuan / ton, Hebei and Henan market polyester cotton yarn sales sluggish, mainstream reported 17000-17500 yuan / ton.

Viscose staple fiber is generally stable in recent years, but there is a rumor that there is a big factory selling goods, but it can not be confirmed yet. Recently, the new signing form of staple mills is general.

　　 The yarn price is generally weak, and the circulation speed of human cotton yarn has been quickening recently. After the low volume volume of the former vortex spinning factory, the inventory has dropped rapidly, and the stock of other process yarns has been reduced to varying degrees. Thirty-six point five God. With the decrease of production and marketing pressure, the industry load has gradually increased. Forty-seven point five 。

　　 Today, the import cotton yarn market is generally traded, and the price is stable. Considering the low price of cotton yarn, the low cost of pre production and the improvement of orders in the post market, some traders increased their speculative sentiment. In terms of actual orders, the number of new orders increased slightly in the next area, and there is still no obvious trend. Cotton prices are expected to remain stable in the short run.

Today, the price of imported yarn is stable and weak, and the external market is divided. Vietnam's air jet spinning has increased, and demand in other regions has not improved significantly. 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 dropped slightly by 1-2 cents / kg, and the sales situation of the cotton mill was divided. Some cotton mills today increased their enquiries, and there were more orders. Some factories do not offer, but sales are dismal. The price of Pakistan's external market is stable and weak, and there can be concessions. There are no signs of improvement in today's enquiry and orders. Trader siro spinning C10S US $350-355 / piece, RMB after tax One point five eight - One point six one 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 8 million 630 thousand meters, an increase of 920 thousand meters compared with yesterday. Among them, chemical fiber cloth today traded 5 million 450 thousand meters, accounting for the total sales volume. 63.2% The total cotton sales were 670 thousand meters, accounting for the total sales volume. 7.8% The cotton cloth has been sold for 720 thousand meters, accounting for the total sales volume. 8.3% 。

Pricing structure and arbitrage analysis

　　 As of May 14th, the domestic CY C32 price was 18720 yuan / ton (-5), the India C32S price was 18300 yuan / ton (0), the price difference was 420, there was no arbitrage opportunity at present.

[technical analysis]

　　 In May 14th, the price of cotton yarn 09 contract was higher and lower, the highest price was 18930 yuan / ton, the lowest price was 18735 yuan / ton, closing price was 18780 yuan / ton, compared with the previous trading day, it dropped 90 points, and the position was 7567, up 222 hands compared with the previous trading day.

[outlook]

Pure cotton yarn market turnover has improved, but shipments are not large, the price is weak. The speed of circulation of cotton yarn has increased and inventory has dropped. The cotton market has improved slightly. As foreign countries have "unsealed" and restarted the economy, overseas customers' enquiries have increased and some orders have been restored. The price of polyester yarn is stable and the sales are light after the holiday. It is now in the off-season, and the market recovery still takes time. It is advisable for speculators to wait and see. (for reference only)