The Market Price Of Cotton Yarn Is Weak, And It Has Gradually Entered The Off-Season.

The cotton yarn market can still keep the goods, but the overall market has been lighter than in May. It is reported that network sales and stall wholesale market are better in recent years, and textile enterprises are mainly selling domestic orders, but there is no improvement in foreign orders. The price trend of cotton yarn is obviously weaker than cotton price, and the profit situation of spinning enterprises is deteriorating further. The order of the downstream weaving mills is not enough, the holiday phenomenon is increasing, the demand for pure cotton yarn is light, and it is expected to remain weak and gradually enter the off-season market.

[market overview]

　　 Today, cotton price trading is better than yesterday, and enquiries are stable. Today, cotton prices have improved, mostly due to the fall of the main cotton brand, and some of the bills have been swept away, and there are a few urgent needs to purchase the current price. Yesterday evening, Zheng cotton futures concussion fell, CF2009 closed 12000 yuan / ton, fell 20; CF2101 closed 12515 yuan / ton, or 25.

Direct spinning polyester short price stability, downstream to digest raw material inventory, half light 1.4D mainstream trading center of gravity maintained at 5900-6100 yuan / ton nearby. Fujian pure polyester yarn quotation is maintained, T30S mainstream quotation 10000-10100 yuan / ton, Fujian polyester cotton yarn quotation stability, TC65/35 32S mainstream 14000-14200 yuan / ton.

Viscose staple fiber recently has its own pressure. At present, most viscose factories still hold a considerable number of orders.

　　 Combed yarn is light and the price is falling slightly. The price of other kinds of yarns is stable and stable.

　　 The spot market of imported yarn is generally traded and the price is stable. Traders' shipments were not fast enough, and imported cotton yarn inventory remained the most stable. 6 months later, market stocks were expected to rise.

Today, the market of imported cotton yarn is generally traded, and the US dollar quotations are stable. Demand is still not improving. Short term orders will not be allowed. India's external market is stable and its domestic demand has recovered. Local traders C32S US dollars at around us $2.15 / kg, RMB 18 thousand and 300 yuan / ton after tax. Vietnam's external market is stable. 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, and the cotton mill starts to drop slightly. The second line of siro spinning C10S US $340 / piece, RMB 15 thousand and 300 yuan / ton after tax.

　　 According to the volume statistics of China Textile City, the total sales volume of grey cloth today is 8 million 200 thousand meters, an increase of 1 million 230 thousand meters compared with yesterday. Among them, 5 million 100 thousand tons of chemical fiber cloth were sold today, accounting for 62.3% of the total sales, and 600 thousand tons of cotton cloth, accounting for 7.3% of the total sales, and 980 thousand tons of cotton cloth, accounting for 12% of the total sales.

Pricing structure and arbitrage analysis

　　 As of June 11th, 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 11th, the price of cotton yarn 09 contract dropped. The highest price is 19575 yuan / ton, the lowest price is 19345 yuan / ton, closing price is 19465 yuan / ton, compared with the previous trading day, it dropped 60 points, and the position was 8589, which was 90 less than that of the previous trading day.

[outlook]

Today, the price of cotton yarn CY009 contract fell. The market price of cotton yarn is weak, and gradually enters the off-season, and the demand of downstream enterprises is light. It is estimated that cotton yarn prices are still running weak. It is advisable for speculators to wait and see. (for reference only)