The Yarn Market Is Better In Combing And Leaving Goods, While The Remaining Varieties Are Light And Light Cotton Yarn Stocks Are Rising Slightly, And The Price Is Weak.

Compared with last week, the cotton yarn market did not change significantly. It is reported that the recent 40 regular combed yarn demand is better, the shipment speed is fast, the price is strong, the remaining varieties are relatively light, the stock rises slightly, and the price is weak. Pure cotton yarn market overall orders are still insufficient, this week is expected to remain weak market leading.

[market overview]

　　 Today, cotton spot trading is slightly weaker than Friday. The overall turnover is still in good condition, and enquiries are active. At present, the main point in the CF09 contract is 11400-11500, and buying at 11450 points is relatively strong. Today, Zheng cotton futures concussion rose, CF2009 closed 11620 yuan / ton, up 40; CF2101 received 12155 yuan / ton, up 40.

Direct spinning polyester short price slightly reduced, half light 1.4D mainstream trading center of gravity maintained at 5800-5900 yuan / ton nearby. Fujian pure polyester yarn T32S mainstream quotation 9900-10200 yuan / ton, Fujian polyester cotton yarn TC65/35 32S mainstream 14000-14200 yuan / ton.

Viscose staple fiber prices fell slightly, high-end staple fiber 9300 yuan / ton.

　　 The price of domestic yarn is stable and stable, and goods are delivered on demand.

　　 Today, the import cotton yarn market is generally traded, but the shipments are sustained but not fast, and the price of cotton yarn is steady. After a wave of replenishment, the market of cotton yarn tends to be quiet. Cotton inventory is going to be small, but the whole is still large. If there is no new order coming, the market will still go bad.

Imported yarn market, Pakistan due to the majority of cotton mills and traders in Eid al Fitr closed to May 27th, is expected to start 28 days 29 days to restore slowly. The price of India's external market is steady, and some factories continue to reduce production, and a small number of goods are transported. According to the factory feedback, during the break of the festival, the cotton mill still maintained production, and the factory OEC7S 1550CSP was quoted at US $1.27 / kg, and the tax was about 10 thousand and 100 yuan / ton after tax. Vietnam's foreign exchange trading remains slack over the weekend, and the market's main varieties are still stable. C32S can be quoted at $2.25-2.29 / kg, RMB 1.85-1.88 after tax.

　　 According to the volume statistics of China Textile City, the total sales volume of grey cloth today is 6 million 820 thousand meters, which is 1 million 80 thousand meters lower than that of yesterday. Among them, 4 million 450 thousand tons of chemical fiber cloth were sold today, accounting for 65.2% of the total sales, and 370 thousand tons of cotton cloth, accounting for 5.4% of the total sales, and 810 thousand tons of cotton cloth, accounting for 11.9% of the total sales.

Pricing structure and arbitrage analysis

　　 As of May 25th, domestic CY C32 price was 18700 yuan / ton (0), India C32S price 18300 yuan / ton (0), price difference 400, Vietnam jet C32S price 18500 yuan / ton (0), price difference 200, no arbitrage opportunities.

[technical analysis]

　　 In May 25th, the price of cotton yarn 09 contract rose. The highest price is 19330 yuan / ton, the lowest price is 19050 yuan / ton, closing price is 19330 yuan / ton, compared with the previous trading day, it increased by 270 points, and the position was 8370, which was 35 less than that of the previous trading day.

[outlook]

Recently, the price of cotton yarn CY009 contract has risen sharply, and cotton spot trading has improved, cotton yarn combing is shipped faster, the remaining varieties are light and stocks are rising slightly, and the price is expected to remain weak this week. It is advisable for speculators to wait and see. (for reference only)