Generally Speaking, The Market Of Cotton Yarn Is Low And The Market Demand Is Pessimistic.

The cotton yarn market is still promising, with less momentum and more stable prices. At present, the downstream demand is slack, the overall order of textile enterprises is insufficient, and the cost of cotton gradually increases, and the loss of textile enterprises is aggravated, and the overall mentality is pessimistic. After the market gradually entered the traditional off-season, pure cotton yarn market is expected to maintain a weak market.

[market overview]

　　 Today cotton spot trading is basically stable, the overall turnover is still deserted. Today, Zheng cotton futures fell sharply, CF2009 closed 12020 yuan / ton, down 75, CF2101 closed 12540 yuan / ton, or 90.

Direct spinning polyester and short price stability, high turnover light, downstream to digest raw material inventory, half light 1.4D mainstream trading center of gravity maintained at 5900-6100 yuan / ton nearby. Jiangsu pure polyester yarn sales are flat, T32S mainstream reported 10200 yuan / ton, Shandong polyester cotton yarn quotes to maintain, TC65/35 32S mainstream newspaper 14000-14400 yuan / ton.

Viscose staple fiber has been temporarily stable after some recent loosening. The median fiber is normally shipped in the range of 8800-8900 yuan / ton.

　　 The price of polyester cotton yarn has risen slightly, and the price of other varieties of yarns has been stable and stable.

　　 The market price of imported cotton yarn today is stable, and the turnover is still general and the market is stable. The market is decreasing at a low price and there is a slight upward trend in the price center. Traders' sentiment and confidence were relatively good, mainly due to the drop in the cost of coming to port, and traders' profit level was good.

Today, the price of imported yarn market is stable and strong. The price of India's external market is stable. Local factories feedback on European combed yarn has more new orders. Local traders JC32S US dollars at around us $2.45 / kg, RMB 20 thousand and 700 yuan / ton after tax. Vietnam's external market is stable, with a small turnover. The price of partial OEC21S is 1.65-1.67 USD / kg, RMB after tax is about 1.36-1.37 yuan / ton. The price of Pakistan's external market is stable. The C10S price of the US $15 thousand and 800 is 350 yuan per month, and the tax is about $15 thousand and 800 / ton after tax.

　　 According to the volume statistics of China Textile City, the total sales volume of grey cloth today is 6 million 970 thousand meters, which is 470 thousand meters lower than that of yesterday. Among them, 4 million 670 thousand tons of chemical fiber cloth were sold today, accounting for 67% of the total sales, and 430 thousand tons of cotton cloth, accounting for 6.2% of the total sales, and 670 thousand tons of cotton cloth, accounting for 9.6% of the total sales.

Pricing structure and arbitrage analysis

　　 As of June 10th, 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 10th, the price of cotton yarn 09 contract dropped. The highest price is 19605 yuan / ton, the lowest price is 19495 yuan / ton, closing price is 19525 yuan / ton, compared with the previous trading day, it dropped 75 points, and the position was 8999, which was 254 less than that of the previous trading day.

[outlook]

The price of cotton yarn CY009 contract rose today. The cotton market is generally traded, and the market is in the off-season. The cotton yarn market is generally pessimistic. It is advisable for speculators to wait and see. (for reference only)