India S-6 Pick Up Price Slightly Raised --SICE Daily Price Bulletin (5.18)

domestic

1.3128B cotton 11541 increased 26; 1.5D viscose staple fiber 8800 flat; 1.4D polyester short fiber 5600; pure cotton yarn C32S 18700 flat; cotton yarn 12300 R30S flat; pure polyester T32S 9800 flat.

2. cotton spot continued adjustment, turnover is relatively small, a business Xinjiang cotton machine 318 class Shandong base price difference of about 200, currently about 11700 discount, a single negotiable. However, the spot market of the big cotton is flat, wait-and-see hard to change, and cotton merchants remain cautious, indicating that the market is still unstable and wait-and-see is the main force, but the price is stable and strong. The mainstream price of the 329 lint cotton in the mainland now is around 11680 yuan / ton.

3. viscose staple factory although the upward price, but downstream customers have concentrated small batch replenishment earlier, factory implementation of pre orders, new single transaction less, the focus of price adjustment has shifted upward, the market outlook continues to wait and see. At present, the price of mid end viscose staple fiber is 8800-9000 yuan / ton, and the price of high-end viscose staple fiber is 9300-9500 yuan / ton.

4. Zheng cotton main 2009 contract increased warehouse volume, price shocks rose, closing 11590, compared with the previous trading day +0.17%; the highest reported 11800, lowest reported 11530; turnover 577122, position 394584, +4495; CF9-1 month price difference 530, +15.

　　 5. today, PTA futures continue to strengthen, the Zhejiang market polyester factory quotes more stable, partial still small amplitude adjustment. Downstream textile enterprises to buy on demand, local transactions have been peed, the overall market atmosphere is more intense. It is expected that the center of polyester core will tend to be stronger in the short term. At present, the mainstream of POY 100D/36F quotation is between 5550-5650 yuan / ton, and the mainstream of FDY 75D/36F quotation is between 6350-6450 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 8300-8450 yuan / ton.

　　 6. China Textile City passenger reduction and reduction, the total turnover of 6 million 180 thousand meters, of which 4 million 90 thousand tons of filament cloth, 2 million 90 thousand mm of short fiber cloth, of which 440 thousand cotton cloth, TC cloth 330 thousand, TR cloth 280 thousand meters, R cotton 540 thousand, other 500 thousand meters.

international

The 1.15 day ICE cotton market rally continued. The main contract price in July was 58.25 cents, up 40 points; in December, the settlement price was 58.17 cents, up 41 points; in March, the settlement price of the contract was 58.87 cents, up 25 points. Other contracts rose by 3-23 points.

2. the pick up price of India cotton S-6 ginning factory rose slightly, at 32650 rupees / Candee, 55.20 cents / pound, and the price of J-34 in Punjab dropped to 3530 rupees / mod De, 56.86 cents / pound. On the same day, the amount of seed cotton listed was 7157 tons of lint, including 2312 tons in the northern region, 3060 tons in Ma bang, 1360 tons in Gujarat Bong and 425 tons in central bank.

　　 3. according to the latest statistics from Vietnam customs, Vietnam imported 141 thousand and 200 tons of cotton in April, a decrease of 12% from last month, which is basically flat compared with the same period last year. Foreign direct investment in textile factories accounted for 70% of imports. Of the cotton imported in that month, the highest proportion of US cotton accounted for 65.5% (92 thousand and 400 tons), followed by Brazil cotton accounted for 22% (31 thousand and 500 tons), and India cotton accounted for only 2.6%. Vietnam's total cotton imports this year amounted to 1 million 44 thousand and 400 tons, a slight decrease of about 4% compared to the same period last year.

4. the price of imported cotton inner market is steady, and the trading market is generally not very active. However, local market speculation continued, "copy bottom" continued to occur locally. From a regional perspective, the market in Guangdong is slightly better and the stocks are partially localized. The market in Jiangsu and Zhejiang and Shandong is relatively poor. Traders in Shandong do not move at all. There are no more than 40% bookings in downstream factories, and orders are still not optimistic.

5. the import price of imported yarn continued, but the number of buyers decreased from the weekend, less than last week.

The price of India's external market is stable, and the recent inquiry continues. The local factory C21S quoted us $1.98 / kg, RMB 16 thousand and 800 yuan / ton after tax. The quotation is slightly higher than the mainstream price of the market, and the turnover is light.

Vietnam's foreign market price is weak, buyers bid low, recent carding goods difficult. The price of C32S drifting jet is about US $2.26 per kilogram, and RMB 18 thousand and 500 yuan / ton after tax.

The price of siro spinning outside the Ba yarn has dropped, but there are not many recent enquiries and transactions. The factory's second line siro spinning C10S US $340 / kg, RMB after tax is about 15 thousand and 400 yuan / ton, and the turnover is light.

6. the quotation of foreign cotton to Hong Kong fell slightly today. The shipment period of India cotton Shankar-6 1-5/32 was quoted at 7/9 cents for 66.75 cents / pound, 1 cents, 13548 yuan below 85 yuan, 1% yuan under the quota tariff, 11606 yuan per ton, or 171 yuan. US cotton EMOT SM shipment period 7/9 month quote 70 points / pounds, discount slip quasi tax quote 13843 yuan / ton; 1% quota tariff port self mention 12161 yuan / ton. Brazil SM shipment period 7/9 months quote 69.4 cents / pound, discount slip quasi tax quote 13784 yuan / ton; 1% quota tariff port price 12058 yuan / ton.