The Market Price Of Cotton Yarn Is Weak, And There Are Many Losses In The Market.
The cotton yarn market is slightly lighter, but it is not obvious. Local orders are still good and prices are more stable. At present, spinning enterprises are mostly domestic orders, but foreign orders have local enquiries, but orders are difficult to implement, and downstream prices are much lower than those of textile companies. The market is mainly focused on the June market, and the pure cotton yarn market is expected to remain weak.
[market overview]
Today, cotton spot price transactions remain light, and the price of one price is slightly better than the spot price. At present, the willingness of the downstream textile enterprises to replenishment bank is more stable than the CF09 contract 11500 and below. Only a small number of textile enterprises are purchasing cotton urgent replenishment at present price, and most of them are small batch replenishment. Today, Zheng cotton futures rose sharply, CF2009 closed 11985 yuan / ton, up 205; CF2101 received 12500 yuan / ton, up 190.
Direct spinning polyester short price stability, preferential goods, half light 1.4D mainstream trading center of gravity maintained at 5800-6000 yuan / ton nearby. Fujian pure polyester yarn sales are flat, T45S mainstream quotation 12200 yuan / ton, Henan polyester cotton yarn sales are weak, TC65/35 32S mainstream 13800-14000 yuan / ton.
Viscose staple fiber downstream procurement intention is not strong, procurement operations are limited, high-end fiber prices near 9450.
The yarn market is light, and the price is weak.
Today, the spot market of imported cotton yarn is relatively light, the price is stable and weak, and the market has no obvious improvement. On the whole, cotton yarn market has not recovered significantly, pressure or accumulation, domestic factory inventory is high, 6 months after the low cost of imported cotton yarn to the port, continue to bring pressure on the market.
The price of imported yarn is stable, and today's turnover is light. The price of India's external market is stable. There are some purchases in the lower reaches of India's local market, but not many. Local traders air spinning C10S US $1.32 / kg, RMB after tax of about 11 thousand and 300 yuan / ton. The price of Vietnam's external market is stable, and the demand of cotton mill feedback comb is poor. The C32S price of a local cotton mill is $2.32 per kilogram and RMB 19 thousand and 100 yuan / ton after tax. Pakistan cotton yarn price is weak. The price of two-part siro spinning is about 340-350 US dollars per kilogram, and RMB 1.54-1.59 after tax is about ten thousand yuan / ton.
According to the volume statistics of China Textile City, the total sales volume of grey cloth today is 8 million 630 thousand meters, an increase of 660 thousand meters compared with yesterday. Among them, 5 million 390 thousand tons of chemical fiber cloth were sold today, accounting for 62.4% of the total sales, and 630 thousand tons of cotton cloth, accounting for 7.3% of the total sales, and 930 thousand tons of cotton cloth, accounting for 10.7% of the total sales.
Pricing structure and arbitrage analysis
As of June 5th, domestic CY C32 price was 18700 yuan / ton (0), India C32S price 18300 yuan / ton (0), price difference 400, Vietnam jet C32S price 18480 yuan / ton (0), price difference 220, no arbitrage opportunities.
[technical analysis]
In June 5th, the price of cotton yarn 09 contract rose. The highest price is 19670 yuan / ton, the lowest price is 19320 yuan / ton, closing price is 19545 yuan / ton, compared with the previous trading day, it rose 150 points and the position was 9215, an increase of 26 hands compared with the previous trading day.
[outlook]
The price of cotton yarn CY009 contract rose today. Cotton yarn market orders are not obvious, stable prices, more losses. The pressure of operation is large, and the price is expected to be running weak. It is advisable for speculators to wait and see. (for reference only)
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