The Yarn Market Is Stable, The Price Of Grey Cloth Market Is Stable And The Price Is Low.

The cotton yarn market is relatively stable, domestic demand is the main form, the quotation is stable, and the actual turnover can be discussed. Recently, the profits of textile enterprises are generally not good. Besides the regular comb varieties, the order of other varieties is lacking, and stocks are still rising slightly. The market is not optimistic about the market outlook, and the comprehensive start-up of textile enterprises is at a low level. It is expected that the short-term cotton yarn market will remain weak.

[market overview]

　　 Today, cotton trading is much lighter than yesterday, and enquiries are light. Today, the main point of sale is slightly higher than that of yesterday's CF09 contract 11400-11500, and the purchase intention of textile enterprises is still dominated by small batch. Today, Zheng cotton futures concussion rose, CF2009 closed 11630 yuan / ton, up 10; CF2101 received 12170 yuan / ton, up 15.

Direct spinning polyester short price slightly reduced, half light 1.4D mainstream trading center of gravity maintained at 5700-5900 yuan / ton nearby. Jiangsu pure polyester T30S mainstream newspaper 10200-10500 yuan / ton, Jiangxi polyester cotton yarn TC65/35 32S mainstream 14000-14200 yuan / ton.

Viscose staple fiber market is generally stable, intermediate viscose price at present maintains 8800 yuan / ton, the high-end fiber maintains 9200-9300 yuan / ton, the downstream many just needs replenishment. Recent domestic and foreign demand recovery is not as good as expected, and market risk preference has been reduced.

　　 The cotton and cotton market is gradually weakening in the traditional off-season, and the purchasing enthusiasm of the downstream businesses is low.

　　 The market of imported cotton yarn today is light, and the market is quiet. Market sentiment is more 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.

The imported yarn has been trading lightly today, and the market has been calm this week after the bulk purchases of the printed yarn in the first two weeks. Vietnam's external quotation is stable, local prices are slightly lower, Vietnam's cotton yarn price is still no advantage, and the pressure of cotton mill sales is very large. It has begun to stop for several days. C32S price is about 2.25 US dollars / kg, and 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.

　　 According to the volume statistics of China Textile City, the total sales volume of grey cloth today is 6 million 840 thousand meters, an increase of 20 thousand meters compared with yesterday. Among them, 4 million 410 thousand tons of chemical fiber cloth were sold today, accounting for 64.5% of the total sales, and 440 thousand tons of cotton cloth, accounting for 6.4% of the total sales, and 770 thousand tons of cotton cloth, accounting for 11.3% of the total sales.

Pricing structure and arbitrage analysis

　　 As of May 26th, 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 26th, the price of cotton yarn 09 contract rose. The highest price is 19485 yuan / ton, the lowest price is 19290 yuan / ton, closing price is 19390 yuan / ton, compared with the previous trading day, it increased by 60 points, and the position was 8297, which was 73 less than that of the previous trading day.

[outlook]

Recently, the price of cotton yarn CY009 contract has been sideways. Today, cotton spot trading is running low. A few cotton enterprises are interested in speeding up the goods and reducing the price. The cotton yarn market is stable, yarn inventory is rising slightly, and the market is not optimistic about the market outlook. It is advisable for speculators to wait and see. (for reference only)