India Institute Predicts India Cotton Planting Area Will Decrease 2%--SICE In 20/21, Daily Price Report (5.26)

domestic

1.3128B cotton 11831 fell 12; 1.5D viscose staple fiber 8800 flat; 1.4D polyester staple fiber 5800 down 50; pure cotton yarn C32S 18720 flat; cotton yarn 12300 R30S flat; pure polyester T32S 9950 flat.

2., the cotton market continues to adjust, and the merchant shipping takes the lead. The price of the bare base of the two grade 29 Shandong storehouses is about -100, which is about 12300 yuan / ton.

3. the market of viscose staple fiber is not very dynamic. The chemical fiber factory is slow in shipment and the demand is kept flat. The start-up rate of downstream enterprises is not high, and the market participants are not confident in the future market. 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 reduction, the period price closes the cross star, closing 11630, compared with the previous trading day +0.56%; the highest report 11685, lowest reported 11570; turnover 308457, position 391154, +596; CF9-1 month price difference 540, +5. CY2009 closed 19390, compared with the previous trading day +1.07%; the highest reported 19485, the lowest reported 19290; turnover 6105, positions 8297, -10.

　　 5. today, PTA futures are strong, and the quotations of polyester factories in Zhejiang market are still stable. Partial concessions have been expanded. Downstream textile enterprises wait-and-see sentiment is more obvious, continue to digest inventory, polyester goods are not good. In the short term, the center of gravity of polyester filament will be mostly consolidated, with partial or slight decline. At present, the mainstream of POY 100D/36F quotation is between 5700-5800 yuan / ton, and the mainstream of FDY 75D/36F quotation is between 6600-6700 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 8400-8600 yuan / ton.

　　 6. China's textile city increased incrementally, with a total turnover of 6 million 840 thousand meters, of which 4 million 410 thousand were long silk cloth, 2 million 430 thousand were short fiber cloth, including 440 thousand cotton cloth, 360 thousand TC cloth, 290 thousand TR cloth, 770 thousand R cotton cloth and 570 thousand meters.

international

1. according to the survey conducted by Cogencis, an information consultancy in Mumbai, India, the cotton planting area in India will reach 12 million 400 thousand hectares (186 million acres) in 2020/21, which is 2% lower than that in this year. This forecast is completed through the investigation and interview of the well-known institutions and companies in 10 industrial chains. Most respondents to the survey said that a sharp fall in cotton prices in the near future will reduce cotton planting area in the next year.

The Manish Daga, a India Guru Cotton Corp who has worked with 10 million cotton farmers, said in the survey that more than 15% of the output of cotton is still on sale to cotton farmers. Due to falling prices and factory operations that are not yet fully recovered, the sale still faces greater obstacles.

2. the imported cotton yarn market is light today, and the market is quiet. Market sentiment has become cautious. Since the active market in the first half of May, the market has been quiet for more than a week, and the mentality has begun to turn to pessimism, mainly due to the slow delivery of traders. If the current mood continues, cotton prices are expected to stabilize after a period of time, will weaken again.

3. the imported yarn has been trading lightly today, and the market has become calm after the bulk purchases of the printed yarn in the first two weeks. Vietnam's external quotation is stable, with local prices slightly down 1 cents / kg, and Vietnamese cotton yarn prices still have no advantage. The pressure of cotton mill sales is very large. It has begun to stop working for a few days or reduce the weekly start-up time to reduce the inventory pressure generated by the output of cotton yarn. The price of C32S is about 2.25 yuan / kg, and the RMB after tax is about 18 thousand and 500 yuan / ton. The price of India's external market is strong. After the price rises, the investment has cooled down. The price of compact spinning JC26S is about 2.4 US dollars per kilogram, and RMB after tax is about 20 thousand and 400 yuan / ton. Pakistan is closed to most of the cotton mills and traders in May 27th because of Eid al Fitr. It is expected to resume slowly on the 28 th and 29 th.

4. 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 63.75 cents / pound, 0.5 cents, 13272 yuan below 48 yuan, 1% yuan under the quota tariff, 11093 yuan per ton, or 85 yuan. US cotton EMOT SM shipment period 7/9 month quotation 68 points / pound 0.5 cents, discount slip quasi tax offer 13660 yuan / ton fall 41 yuan; 1% quota tariff port self mention 11819 yuan / ton fell 85 yuan. Brazil SM shipment period of 7/9 months quoted 67.7 cents / pound 0.75 cents, discount slip quasi tax offer 13635 yuan / ton fell 68 yuan; 1% quota tariff port price rise 11768 yuan / ton fell 128 yuan.