India Cotton Spot Price Again Lower --SICE Daily Market Bulletin (6.1)

domestic

1.3128B cotton 11795 fell 12; 1.5D viscose staple fiber 8800 flat; 1.4D polyester short fiber 5720 flat; pure cotton yarn C32S 18720 flat; cotton yarn 12300 R30S flat; pure polyester T32S 9900 flat.

2. cotton spot market continued to adjust the trend, the general trading atmosphere, a business Xinjiang cotton machine production length of 28 strong 27 Xinjiang base price quoted at 200 or so slightly higher, currently about 11850 yuan / ton, the single negotiable negotiable. At present, the market continues the trend of concussion, but the low position is strong, and the high level is weak. Today, the overall commodity stock market shows a clear rise, which has led to the upward trend of cotton futures and the lack of turnover.

3. the market of viscose staple fiber is not very dynamic. The chemical fiber factory is facing losses, maintaining a very good price operation, and buying pulp at a lower price to reduce losses. At present, downstream businesses are more cautious. At present, the price of mid end viscose staple fiber is 8800-8900 yuan / ton, and the price of high-end viscose staple fiber is 9200-9300 yuan / ton.

4. the 2009 contract of zhengmian main unit reduced the volume and volume, and the price shock rose higher, closing 11695. Compared with the previous trading day +1.52%, the highest price was 11720, the lowest was 11400, the turnover 520604, the position 375038, -34782, the CF9-1 month price difference 530, -5. CY2009 closed 19315, compared with the previous trading day +0.44%; the highest reported 19395, the lowest reported 18985; turnover 8264, positions 8314, -12.

　　 5. today, PTA futures trend is strong and volatile, and Zhejiang market quotes mostly on stability. Affected by the rise of polyester raw materials, downstream purchasing enthusiasm is acceptable, replenish goods on demand. The polyester market has a strong atmosphere and some low priced factories are shipping better. 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 5600-5700 yuan / ton, and the mainstream of FDY 75D/36F quotation is between 6550-6700 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 8400-8600 yuan / ton.

　　 6. China Textile City passenger reduction and reduction, the total turnover of 6 million 200 thousand meters, of which 3 million 980 thousand tons of filament cloth, 2 million 220 thousand mm of short fiber cloth, of which 400 thousand cotton cloth, TC cloth 300 thousand, TR cloth 310 thousand meters, R cotton 700 thousand, other 510 thousand meters.

international

On the last trading day of 1.5 months, the ICE cotton market was mixed. July contract settlement price of 57.59 cents, up 2 points; December contract settlement price of 57.48 cents, down 6 points; March contract settlement price 58.48 cents, down 4 points.

2. cotton spot prices in India fell again last Friday. The price of the S-6 ginning factory is 32450 rupees / candi, 54.80 cents / pound, 0.35 cents lower than the previous day; the price of Punjab J-34 is 3610 rupees / mod, 58.05 cents / pound. On the same day, the amount of seed cotton listed was 13 thousand and 400 tons of lint, including 6630 tons of Ma bang, 4080 tons of Gujarat and 1275 tons in the north.

　　 3. according to Thailand customs statistics, Thailand imported 15 thousand and 300 tons of cotton in April, a slight decrease from last month, a decrease of 26% compared with the same period last year. Among them, the highest proportion of US cotton accounted for 70% (10 thousand and 800 tons), followed by Brazil cotton (1429 tons), Australia cotton (566 tons), Malian cotton (554 tons) and so on. The total cotton imports this year amounted to 121 thousand and 300 tons, representing a decrease of about 30% over the same period.

4. the imported spot market of cotton yarn is light, stable and stable. Downstream start-up maintenance, but take the goods negative, traders partial prices have been reduced. The cotton yarn market is still oversupply, and the cost of imported cotton yarn in June has brought pressure on the existing stock market. The market sentiment is pessimistic. It is expected that the market price will be weak and the probability of operation will be large. Limited by cost, the price dropped in June or at 200-500 yuan / ton.

5. the price of imported yarn today is stable and weak, and India's local goods are speeding up. Traders and cotton mills are still pessimistic about short-term demand under the epidemic. The downstream cotton textile mill has received orders for export of pure cotton masks, while other export orders have not yet improved.

The price of India's external market is stable and weak. Local air spinning prices are favorable and speed is faster. Traders OEC10S 1700+CSP price in about 1.34 U.S. dollars / kg, RMB after tax of about 11 thousand and 500 yuan / ton.

The price of Vietnam's external market is stable, while the price of conventional rapier bars has dropped slightly, and the quality of jet quality has been stable. There are some negotiating space for specific orders. Local trader C32S jet bleed US $2.32 / kg, RMB 19 thousand and 100 yuan / ton after tax.

6. the quotation of cotton to port increased slightly today. The shipment period of India cotton Shankar-6 1-5/32 is quoted at 62.25 cents / pound in the month of 7/9, the price is 13192 yuan up 49 yuan under the discount sliding tax, and the price of 10920 yuan / ton increases by 84 yuan at the 1% quota tariff. US cotton EMOT SM shipment period 7/9 months quote 67.8 points / pounds, discount slip quasi tax quote price 13691 yuan / ton up 48 yuan; 1% quota tariff port self mention 11876 yuan / ton up 91 yuan. Brazil SM shipment period 7/9 months quote 67.5 cents / pound, discount slip quasi tax offer 13655 yuan / ton up 48 yuan; 1% quota tariff port price 11825 yuan / ton up 91 yuan.