Pakistan Cotton Market Downturn Is Expected To Use Cotton Demand To Improve --SICE Daily Quotes After Eid (5.19)

domestic

1.3128B cotton 11563 increased 22; 1.5D viscose staple fiber 8800 flat; 1.4D polyester staple fiber 5850 up 100; pure cotton yarn C32S 18700 flat; cotton yarn 12300 R30S flat; pure polyester T32S 9900 increased 100.

2. cotton spot market continues to adjust the trend, the trading atmosphere is general, a business Xinjiang cotton machine 3129 strong 28 Xinjiang storehouse quote 12000-12100 yuan / ton, single negotiable.

3. the viscose staple market is not very dynamic. The volume of trading is limited. The chemical fiber factory continues to carry out pre orders. After the price is very high, the price still has room for negotiation. 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 increments, the period price jumped to 11905, then dropped to 11700 near the gateway, closing 11730, compared with the previous trading day +0.56%; the highest reported 11905, the lowest reported 11585; turnover 761102, positions 409847, +15263; CF9-1 month price difference 520, -10. Cotton yarn CY2009 closed 19370, compared with the previous trading day +1.31%; the highest reported 19520, the lowest reported 19150; turnover 11685, positions 8467, +328.

　　 5. today, the PTA futures trend is volatile, and the quotation of polyester factories in Zhejiang market is still up. Downstream textile enterprises Procurement enthusiasm has dropped somewhat yesterday, mostly based on just needed replenishment, partial turnover is acceptable. It is expected that the center of polyester filament will be mildly cleaned 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 6450-6550 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 8300-8500 yuan / ton.

　　 6. China's textile city increased incrementally, with a total turnover of 6 million 960 thousand meters, of which 4 million 480 thousand were long silk cloth, 2 million 480 thousand were short fiber cloth, including 500 thousand cotton cloth, 310 thousand TC cloth, 240 thousand TR cloth, 790 thousand R cotton cloth and 640 thousand meters.

international

The 1.18 day ICE cotton market overall fell. The main contract price in July was 57.80 cents, down 45 points; in December, the settlement price was 57.93 cents, or 24 points; in March, the settlement price of the contract was 58.73 cents, down 14 points.

2. India's cotton spot quotes fell again on Monday. The price of the S-6 ginning factory is 32500 rupees / candi, 54.85 cents / pound, and the price of Punjab J-34 is 3550 rupees / mod, 57.20 cents / pound. On the same day, the amount of seed cotton listed was 8755 tons of lint, including 3740 tons of Ma bang, 2380 tons of Gujarat, 2125 tons in the north and 510 tons in central state. And tren gaina and Ande Laban are still in a state of blockade, and the market has not yet been opened.

According to unofficial statistics, up to now, the new cotton planting work in northern India has been completed by 60-80%, with the growth rate of 60-70% in Raja and Punjab, and Rajasthan is progressing faster than 70-80%. According to local survey data, cotton planting area may be reduced by 2-5%, and the total cotton planting area is 12 million 750 thousand hectares.

　　 3. last week, the domestic cotton market in Pakistan continued to slump. Although the market is now gradually resuming opening, the demand for cotton in textile mills is expected to improve after Eid (May 24, 2020). According to the different quality, the middle class spot pick up price is 7800-8800 rupees / Moore.

4. according to Alexander Exporters Association (Alcotexa) data, in May, 10-16 days a week, Egypt cotton contracted for export of 110 tons, a significant increase in the ring ratio, a decrease of about 60% over the same period last year. All of them are India's signed 95. The loading capacity is 200 tons this week, all shipped to Pakistan. The total contracted export of 63 thousand and 300 tons this year decreased by 17% compared with the same period last year.

According to statistics from the Egyptian cotton arbitration inspection bureau (CATGO), as of May 16th, the cotton planting area in 2020/21 was 52 thousand and 200 hectares, and 60% of the total planting plan has been completed. Of these, 43 thousand hectares are commercial cotton and 9178 hectares are cotton based. The extra long staple cotton has been planted for 328 hectares, and only 25% of the expected length of extra long staple cotton is expected to be planted. Currently, there are 284 hectares of Ji Zha 96, 10.5 hectares of Ji Zha 45 and 23 hectares of Ji Sha 87.

5. the imported yarn market is light and the price is stable. Due to the fact that there are not many ports in the stock market, the spot inventory has dropped rapidly. Some of the previous deep loss resources are not sold temporarily. As the price of cotton yarn tends to be stable, traders continue to replenish their goods and lower their speculative mentality. But at present, the survey shows that it is difficult to reach more than 4 of the bookings in all factories, and orders have not recovered significantly. Traders hesitate more or replenishment.

6. imported yarn is generally traded outside, and Vietnam and Pakistan are still trading lightly and the price is weak. Replenishment of traders mainly focus on the purchase of printed yarn.

The price of India's external market is stable and weak. Traders and factories have recently traded in different quantities. The overall market is still low, and a few factories can start up to 50% or higher. At present, the general problem of the cotton mill is the manual problem, and the workers returning home are more heavy. After that, the cotton mill may continue to face the downward adjustment of the production load.

The price of Vietnam's external market is weak, and the quotations of cotton mills and traders are cautious. The partial C21S can be quoted at about US $2.13 per kilogram and RMB 17 thousand and 500 yuan / ton after tax.

Pakistan's siro spinning price is weak, and there are not many purchases in China recently. The factory's second line siro spinning price C8S US $335 / piece, RMB after tax is about 15 thousand and 200 yuan / ton.

7. 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 66.25 cents / pound, 0.5 cents, 13493 yuan below 55 yuan, 1% yuan under the quota tariff, 11520 yuan per ton, or 85 yuan. US cotton EMOT SM shipment period 7/9 month quotation 69.5 points / pound 0.5 cents, discount slip quasi tax offer 13804 yuan / ton fall 39 yuan; 1% quota tariff port self mention 12075 yuan / ton 85 yuan. Brazil SM shipment period of 7/9 months quoted 68.95 cents / pound 0.45 cents, discount slip quasi tax offer 13743 yuan / ton fell 41 yuan; 1% quota tariff port price 11982 yuan / ton 77 yuan.