Pure Cotton Yarn Market Volume Is Not Large, Polyester Yarn Price Stability, Sales Slack.

Today's pure cotton yarn market is slower than the previous week, and the price is weak. At present, the overall order of textile enterprises is still insufficient, and the profit is generally not good, and the operating pressure is relatively large. Downstream textile mill orders improved slightly, cotton yarn procurement is still cautious. The overall fundamentals of pure cotton yarn are still not optimistic, and the price of pure cotton yarn is expected to be running weak.

[market overview]

　　 Today, cotton spot trading has been significantly thinning compared with yesterday. Enquiry sheets are even more light after Zheng cotton's rise. Today cotton spot transactions are few, and mostly for textile enterprises just need to purchase. Today, Zheng cotton futures rose slightly, CF2005 closed 11280 yuan / ton, up 160; CF2009 received 11645 yuan / ton, up 155.

Direct spinning polyester and short prices rose, production and marketing improved, no stock at the moment, as raw materials rose, there is a reduction in individual preferences, half light 1.4D mainstream trading center maintained at around 5500-5700 yuan / ton. Jiangsu pure polyester yarn vortex spinning quotation stability, T30S mainstream newspaper 10200-10500 yuan / ton, Fujian polyester cotton yarn quotation stability, JTC65/35 32S mainstream newspaper 14600-15000 yuan / ton.

Driven by the rise of high-end fiber, the price of medium staple viscose staple fiber has also been increased, which is reported at 9300 yuan / ton, and there is a slight difference between the actual manufacturers.

　　 The polyester plant has been running smoothly recently, and the inventory pressure has dropped. Cotton yarn prices are weak leading, the overall fundamentals are still not optimistic, it is expected that pure cotton yarn prices are running weak.

　　 Today, the import market of cotton yarn is generally traded, and the market is small. In terms of price, although the market has not recovered significantly, the price negotiation space has narrowed and the overall price is stable. The increase in purchases of Chinese factories and factories in India has made the market of cotton yarn slightly better.

Today, the imported yarn has improved the turnover of individual varieties, and the overall inquiry atmosphere is better. However, new purchases are mainly traders, and there is still no general demand improvement in downstream factories. The price of India's external market was stable and weak, and the price of combed yarn decreased and the number of transactions increased. The price of carding is stable, and enquiries are continuing. Some orders are being discussed. The price of locally compact spinning JC26S is 2.35-2.4 USD / kg, RMB 1.99-2.03 after tax. Vietnam's external price is weak, and demand for spin spinning has improved. Local shipments have continued to maintain, and ring spinning demand has not improved significantly. The local factory C32S quoted us $2.17 / kg and RMB 17 thousand and 800 yuan / ton after tax. Pakistan's external market price is stable, and the turnover is light. Some traders do not offer quotations, and the actual negotiations can be offered. Siro spinning C8S US $345-350 U.S. dollars / piece, RMB after tax about 1.56-1.58 million yuan / ton, turnover was light.

　　 According to the volume statistics of China Textile City, the total sales volume of grey cloth today is 10 million 30 thousand meters, an increase of 1 million 400 thousand meters compared with yesterday. Among them, 6 million 280 thousand tons of chemical fiber cloth were sold today, accounting for 62.6% of the total sales, and 760 thousand tons of cotton cloth, accounting for 7.6% of the total sales, and 960 thousand tons of cotton cloth, accounting for 9.6% of the total sales.

Pricing structure and arbitrage analysis

　　 As of May 15th, the domestic CY C32 price was 18720 yuan / ton (0), the India C32S price was 18300 yuan / ton (0), the price difference was 420, there was no arbitrage opportunity.

[technical analysis]

　　 In May 15th, the price of cotton yarn 09 contract went lower and higher. The highest price is 18990 yuan / ton, the lowest price is 18749 yuan / ton, closing price is 18970 yuan / ton, compared with the previous trading day, it rose 190 points and the position was 7897, an increase of 330 hands compared with the previous trading day.

[outlook]

At present, polyester and short prices rise, pure polyester yarn price stability, pure polyester yarn after the production and marketing is light, after the price of polyester cotton yarn running smoothly, stock pressure has declined. The order of cotton yarn downstream weaving factory is limited, and short term price is expected to be weak. It is advisable for speculators to wait and see. (for reference only)