Cotton Prices Continue To Decline, Some Textile Enterprises Without Orders Have Been On Holiday.

Last week (June 3-9), cotton market continued to decline, the market pessimism increased.

Textile mill orders and capital pressure continued to increase, yarn prices continued to decline, the number of restricted production enterprises increased significantly.

Raw materials for cotton.

Futures, Zheng cotton continued to explore, last Thursday (6), Zheng cotton main CF909 contract fell below 13000 yuan / ton, closed at 12935 yuan / ton.

Reserve cotton trading volume and price continue to decline, auction companies enthusiasm cooling.

In terms of new cotton, the weather in Xinjiang is mainly sunny and high temperature. The height of cotton seedlings in Akesu and Kashi areas in the southern Xinjiang is about 40 centimeters, and some of them are buds. The growth of cotton in the mainland is better, and the height of cotton seedlings is 15-30 centimeters.

Spot, as of June 8th, Xinjiang warehouse "double 28" Northern Xinjiang cotton picking price of 13300-13500 yuan / ton (public weight, delivery price, the same below), "double 29" machine picking cotton price 13700-13900 yuan / ton.

Cotton ginning plants and dealers have fewer real estate cotton. The three class real estate cotton price is priced at 14000 yuan / ton (gross weight and delivery price).

Other raw materials.

Polyester staple fiber prices continued to decline, partial decline.

As of June 8th, the 1.4D*38mm price of a factory in Zhejiang was 7610 yuan / ton (ex factory price and tax included), which fell 200 yuan / ton compared with the previous week, and sales volume was acceptable.

As of June 8th, the price of 1.5D*38mm viscose staple fiber in a factory in Xinxiang, Henan was quoted at 11800 yuan / ton, and 1.2D*38mm viscose staple was quoted at 11800 yuan / ton, down 300 yuan / ton compared with the previous week, and the factory price with tax can be negotiated.

Pure cotton yarn.

As the cost of upstream raw materials is down to downstream, pure cotton yarn continues to be explored.

With the advent of the off-season, the pressure on orders and funds in textile enterprises has increased significantly, and the number of limited production enterprises has increased significantly during the week.

Some enterprises fail to get the order and have arranged for a holiday.

As of June 8th, the price of 21S, 32S and 40S of pure cotton yarn in Hebei Lu Yu area was 20600-21000 yuan / ton, 21700-22000 yuan / ton, 23300 yuan / ton respectively, and the price center of gravity dropped 300-400 yuan / ton compared with the previous week.

High grade yarn also fell.

As of June 8th, the price of 21S cotton knitted yarn with high distribution ring spinning was quoted at 22400 yuan / ton in a factory in Weifang, Shandong. The current price of 32S high spinning ring cotton knitted yarn is 23400 yuan / ton, and the price is 200 yuan / ton lower than the previous week.

Other yarns.

During the week, polyester and cotton yarn prices continued to fall.

As of June 8th, a factory in Weifang, Shandong polyester yarn 32S quoted 15700 yuan / ton (including tax, ex factory price), compared with the previous week fell 300 yuan / ton, sales volume is still available, volume more pactions slightly favorable.

Henan Zhengzhou factory cotton yarn 30S quoted 17200 yuan / ton, compared with the previous week fell 300 yuan / ton, sales volume in general, large single volume can be negotiated.

Imported yarn.

According to traders' feedback, import and export of yarn inside and outside the inquiry paction and the continuous weakening of warehousing, C32S, C26S, C21S and other high packet bleaching Pu yarn activity continued to decline.

At present, the price of the port customs clearance C32 India, Vietnam and Indonesia yarn is higher than the domestic yarn 500-800 yuan / ton.

The port import yarn stock is still between 11-12 tons, at a historical high.