Domestic Cotton Prices Fell Slightly, Textile Enterprises Stock Climbing

domestic market

Domestic cotton prices fell slightly, spot market wait-and-see increase, turnover was light.

In June 28th, China's cotton price index was 11863 yuan / ton, or 53 yuan.

Domestic cotton spot market lint price is smaller than 24 days (before the Dragon Boat Festival) fell slightly. Most cotton enterprises offer a decrease of 50 yuan / ton, and the 3128B class lint price is 11830-11900 yuan / ton. Before the Dragon Boat Festival, some textile enterprises are stocking up appropriately. In addition, the impact of rumors such as cotton storage rumors, the market wait-and-see increase, the overall turnover is light.

It is understood that today's Hebei cotton sales quotations fell slightly, textile purchasing enthusiasm did not rise with the price decline, the overall performance of the market is relatively low.

Yarn Market

Textile enterprises stock climbing, yarn sales are not smooth

In the yarn market, enterprises generally feedback into the June, especially in the late part of the year, and sales volume is decreasing gradually. The finished goods inventory has a climbing trend. Recently, the varieties shipped slowly. Especially in recent days, most of the goods were purchased from the middle and low branches in the domestic autumn and winter orders, while the combed variety suitable for high-end fabrics appeared to be unnoticed. At present, Xiaoshao district's all cotton yarn, 10S OE 11800 -12200 yuan / ton, 16S OE 12500 yuan / ton, 21S combs 17800 yuan / ton, 32S combs 18600-18800 yuan / ton. Some manufacturers also choose Dragon Boat Festival holiday to relieve pressure.

Industry information

According to the US Department of agriculture, 6.12-6.18 has signed 23298 tons of cotton in the United States during the week of 2019/20, an increase of 5% over the previous week, an average reduction of 23% compared with the previous four weeks, 71697 tons of land cotton shipments, a reduction of 9% compared with the previous week, an increase of 10% in the average volume around the four weeks, and 943 tons in Pima cotton, a 16% reduction in the previous week, a 12% reduction in the average contract volume around the four weeks, and a 2171 shipment. Compared with the previous week, the gross freight capacity increased by 61%, and the average installed capacity increased by 58% over the last four weeks. In the next year, 15391 tons of cotton were signed and no contract was signed for next year.