The Yarn Market Is Divided And The New Orders Are Not As Good As Before. The Enterprises Are Not Optimistic About The Market Outlook.

The market of cotton yarn has been divided. The regular combing varieties are mainly domestic orders, small orders are mainly goods, prices are stable, and the remaining varieties are relatively light. At present, there is no improvement in foreign trade orders, and the overall orders of textile enterprises are still lacking, and profits are generally not good. The downstream orders are not as good as the previous ones, and the purchase of cotton yarn is mostly followed by buying and using. The traditional off-season is coming soon. The market is not optimistic about the market outlook. It is expected that the pure cotton yarn market will remain weak.

[market overview]

　　 Today, cotton spot trading is relatively light; at present, 11400~11500 buying is still strong in the CF09 contract, and only a small part of the urgent replenishment warehouse is moved to the spot. Today, Zheng cotton futures fell sharply, CF2009 closed 11560 yuan / ton, down 45, CF2101 closed 12095 yuan / ton, or 45.

Direct spinning polyester short price slightly reduced, half light 1.4D mainstream trading center of gravity maintained at 5600-5800 yuan / ton nearby. Hebei pure polyester yarn T32S mainstream quotation in the vicinity of 10000 yuan / ton, Henan polyester cotton yarn quotes to maintain, TC65/35 32S mainstream 14000-14200 yuan / ton.

In view of the current industry's deep losses, enterprises have no margin. Recently, a number of viscose leading enterprises have steadfast adjustment of sales strategy, no longer a large number of pre-sale, no longer postponed settlement. At the same time, prices recovered upward. Today, some high-end fiber prices have risen to 9600 yuan / ton, and the median fiber has risen to 9300-9500 yuan / ton.

　　 Today, yarn prices have been stable and stable, and demand for polyester cotton yarn has increased and prices have risen slightly.

　　 Today, the spot market of imported cotton yarn is generally traded, and the price is stable. Because shipments are slow, traders are generally not optimistic about the market. The recent depreciation of the renminbi has increased the cost of imported cotton yarn by 100-200 yuan / ton. In June, the cost of the imported cotton has risen slightly, which has swallowed traders' profits and long-term shipments.

Today, the price of imported yarn is stable, and the demand of downstream textile factories has not yet been restored. Buyers are cautious about the import orders of imported yarn, and the disadvantages of the recent exchange rate and the rising cost of imported yarn ordering. India's price is stable, with a small number of transactions in place. The factory knitted JC26S knitted fabric is US $2.3 / kg and RMB 19 thousand and 400 yuan / ton after tax. The price of Vietnam's external market is weak, and the price of cotton mill can be shipped in a small quantity. Early shutting down factories recently started low production and resumed production. Factory C32S package bleaching quotation in 2.3-2.35 US dollars / kg, RMB after tax is about 1.88-1.92 yuan / ton. The price of Pakistan's external market is stable, and the cotton mill starts to recover slowly.

　　 According to the volume statistics of China Textile City, the total sales volume of grey cloth today is 8 million 650 thousand meters, an increase of 970 thousand meters compared with yesterday. Among them, 5 million 370 thousand tons of chemical fiber cloth were sold today, accounting for 62.1% of the total sales, and 610 thousand tons of cotton cloth, accounting for 7.1% of the total sales, and 960 thousand tons of cotton cloth, accounting for 11.1% of the total sales.

Pricing structure and arbitrage analysis

　　 As of May 28th, 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 28th, the price of cotton yarn 09 contract was sideways. The highest price is 19365 yuan / ton, the lowest price is 19205 yuan / ton, closing price is 19350 yuan / ton, compared with the previous trading day, it increased by 10 points and the position was 8206, which was 8 more than that of the previous trading day.

[outlook]

Recently, the price of cotton yarn CY009 contract has been sideways, and cotton spot trading is light today. Cotton yarn market differentiation, general combing goods better, yarn stock is still rising, the market is not optimistic about the market outlook. It is advisable for speculators to wait and see. (for reference only)