Casting the New Deal suppresses the price of cotton gauze

In March 2014, the domestic flower gauze market has been shrouded in the “post-receiving era” after the end of this month’s new cotton collection and storage. The cotton “target direct subsidies” policy and the State Reserve’s cotton sell-off competition policy are unclear, and various rumors continue. In the dull atmosphere of speculation, confusion, expectation and stalemate, the market prices of flowers, yarns, and cloths, which were originally weak in stagflation, became weaker and weaker—there was still a declining sales price, and the price dropped. At the same time, the uncertainty of China’s cotton policy in the “post-storage era” has also affected the US market. New York futures fluctuate under the interaction of bad pressure expected from China's cotton policy and recent export data to power and tight supply of cotton. Due to the pros and cons of the expected impact of China's cotton policy, and the time lags behind, the New York futures cotton has been in a strong movement.

In March, the domestic cotton market was still in the running trend of “policy cotton market”, which was received, dumped, and stored, and the overall market was still weak in the “dual-track” range of new cotton purchasing and selling prices and national reserve cotton selling price. Concussions consolidate, trading a stale, stagnant, “smooth” trend. The only “sales” way out of cotton processing companies is still the delivery of new cotton. Although a small amount of lint and mixed batch cotton that does not meet the depositing standards enter the market, there are few transactions due to the high price; the main cotton purchase channels for cotton textile companies are It is a national reserve cotton sell-off competition supplemented with imported cotton from the port to supplement the demand for high-grade applicable cotton. However, unlike the previous month, new cotton stocks are nearing the end of their lives. Due to the decrease in the number of purchases, the volume of purchases and stores has fallen sharply and the progress has been slow. The sale of the State Reserve Cotton was affected by the unspecified rumor of the new cotton administration, the unfavorable quality of the resources put on it and the lack of imported cotton, coupled with the shortage of funds and the wait-and-see mood of the cotton textile enterprises. The enterprises’ participation in the enthusiasm was low and they upheld “rational participation and cautious bidding”. The wait-and-see attitude waits for the introduction of the new cotton policy in the “post-recovery era”. As a result, the competition has been deteriorating, and the number and proportion of transactions have shown a sharp decline. In particular, in the later days, the number of daily transactions was less than 5,000 tons. On the 25th, it actually set a rare historical record of only 215 tons.

The specific performance of this month's market is that the spot cotton price has been “smooth” in consolidation, trading is light, there is no market for price, and the total monthly price has stopped rising slightly. Electronic disk cotton prices in the lack of market resources, warehouse receipts is difficult to form, cotton textile companies wait and see moodlocked, thin trading conditions, is the "first Yang and then suppression" shock consolidation trends, to the State Reserve Cotton sell-off prices closer The “target” is very clear, in which the electronic blending cotton price continues its own independent market, and it has experienced ups and downs between 1800-19000 yuan/ton price, all the way down, and the month’s accumulated ultra-large-scale growth has stopped falling; In the technical consolidation operation, it fluctuates around 19,000 yuan/ton, and it continues to fall substantially in the full month. The New York futures cotton was in a strong movement during the turbulent operation. The cumulative price of the new month's cotton surged and continued to rise, and after challenging the 90 cents/pound integer price point, it challenged the strong pressure of 94 cents/lb several times. The international spot cotton price is also closely following the pace of the ICE cotton futures. The price of cotton staple fiber continued to be weak and stable. It was difficult to maintain stability, and the sales momentum was light. The price of polyester staple fiber in addition to the small tail rose at the end of the month, and most of the time in the previous period, it was running in a channel that was in decline. The cumulative monthly increase has continued to fall; the price of viscose staple fibers has faltered, and stability has been difficult to maintain. The gauze market was weak, the sales momentum was sluggish, the selling price was reduced, and recovery was slow and difficult. Inventories of cotton textile companies have increased, funding is tight, business operations are difficult, and there has been a general lack of confidence in the market.

In March, the intercontinental exchange (ICE) futures cotton price surged in full swing and continued to rise, and after breaking the 90 cents/pound integer price point, it challenged the strong trend of 94 cents/lb. Mainly due to the recent favorable situation of US cotton export sales, US cotton supply is tight (US Department of Agriculture expects US cotton production to be smaller than the previous month's report, which will reduce end-of-year inventory estimates and increase US cotton supply. Tight situation.) Support for favorable factors. The speculative buying into the market, speculation cotton resources and ON-CALL orders, directly play a role in fueling. Although there were also negative factors such as the increase in margins on the Intercontinental Exchange and China's lowering of the reserve sale price of China's reserve cotton, the price of cotton fell sharply. However, China adjusted the reserve price of the State Reserve Cotton as early as expected. It had been digested before. Moreover, the impact of these factors is only short-term behavior. According to data from the CFTC (US Commodity Futures Trading Commission), as of March 21st, the ON-CALL orders for the ICE futures contracts for the May and July contracts were still up to 44,809, while US cotton resources Tension has already taken shape. At the end of the year, US cotton ending stocks will drop to 544,000 tons, the lowest level in 23 years. This offsets the impact of China's downward adjustment of the reserve price of state reserve cotton sales on the market. From the fundamentals and classification report released by the CFTC, **Current ICE cotton futures have become more popular, and the squeeze position pattern has taken shape. The short-term cotton price will maintain a strong pattern.

The main ICE cotton contract of 1405 was in a strong oscillation range of 88-94 cents/lb for the whole month, showing “a surge of volatility (a rise of 4.47 cents/lb on 3-6th), and a full-range consolidation. The serpentine running curve for the slow rise (up 7.20 cents/lb on 7-21) and the post-shock rise (only up 0.21 cents/lb on 24-31). On the 3-6th, it climbed by 4.47 cents/lb to 91.61 cents/lb for the first time this month, breaking the 90 cents/pound integer and running above the price of 90 cents/lb until the end of the month. On the 7th to the 12th, it climbed 0.59 cents/pound to the second highest of the month at 92.20 cents/lb; on the 13th to the 18th, it climbed 0.73 cents/lb to the third high of the month 92.93. Cents/lb; On the 19th to 21st, the volatility climbed 0.69 cents/lb to the fourth highest of the month at 93.31 cents/lb. On the 24th to the 25th, the first sharp decline was 268 points, followed by a sharp rise of 348 points. Volatility climbed 0.80 cents/pound to the fifth high this month, also the highest price of 94.11 cents/lb for this month; it fell 0.59 cents/lb to 93.52 cents/lb for the month of 28-31, and the whole month The cumulative increase was 6.38 cents/lb, or 7.32%. The international spot cotton price CotlookA (FE) and China's imported cotton price index FCIndexM are closely following the pace of the ICE cotton futures, with an accumulatively substantial increase and continued upward growth.

Monthly statistics for March: The main contract for the 1905 New York cotton contract rose by 6.38 cents/lb, or 7.32%, at the end of the month. It was at 93.52 cents/lb at the end of the month, breaking above the 90 cents/lb integer price point. The international cotton price index CotlookA (FE) soared 4.05 cents/lb, or 4.31%, to end at the end of the month at 98.10 cents/lb. China's imported cotton index FCIndexM has risen sharply by 3.18 cents/lb, or 3.26%, and it has been trading at 100.59 cents/lb at the end of the month. At the end of March, China's imported cotton price index FCIndexM was higher than the main ICE futures cotton 1405 contract and the international cotton price index CotlookA (FE) 7.07 cents/lb, 2.49 cents/lb. (See: Table 1 and March 2014 Cotton Price Chart)

In March, although the domestic cotton market was still dominated by the dual-track “policy cotton market” of income, stockpiling and storage, the overall market was also consolidating weakly in the interval between the new cotton collection price and the reserve price of the State Reserve Cotton. The sale price of the State Reserve Cotton was gathered and the trading was "smooth". The only “sales” outlet of cotton processing enterprises is still the delivery of new cotton. Although a small amount of lint that does not meet the deposit standards and lint that cannot be delivered due to “mixed batches” or “mixed grades” flow into the market, the price is high. There are transactions; the main channel for cotton purchases by cotton textile companies is still the sale of State Reserve Cotton, supplemented by port imports and Xinjiang Cotton to supplement the demand for high-grade applicable cotton. However, due to the “post-receiving era” after the end of this month’s cotton collection and storage, the cotton “target direct subsidies” policy and the State Reserve’s cotton sales and selling policy are not clear, and various rumors continue to be lost, wait and see, expect, In the dull atmosphere of cautious downturn, the trading stagnation was light, the trend of price consolidation was weak, and the influence of market factors such as supply and demand patterns retreated to second place. In fact, this is not surprising, because the domestic cotton market, which is regulated by the “weighing” of receiving and casting cotton storage policies, is a “policy cotton market” that is not subject to market factors. The current “focus” of the domestic cotton market is the government’s policy on how to deal with difficult “destocking” and balancing the difference between cotton price inside and outside China, and protecting cotton textile companies’ demand for cotton, which is also rumors of new cotton. After the end of collection and storage, the “post-receipt-storage era” related to policy adjustments related to the adjustment of the State Reserve’s sale price of cotton and the distribution of imported cotton quotas (or with the distribution of dumped stocks). Various rumours have had a great impact on the operation of the domestic cotton market. This causes cotton textile enterprises to have little stock of cotton, but in the case that the product sales have not been fully started and the funds are not plentiful, in addition to the much-needed rigid “purchase-and-buy” BJP cotton and imported cotton In addition, they are reluctant or afraid to take the opportunity to wait and see the stalemate in buying cotton. For the most part of the entire month, the domestic cotton market is in a situation of confusion, expectation, wait-and-see, and stalemate in the direction of cotton policy adjustment.

On the 24th (Monday) on the Internet disclosed since April 1st after the news of China's dumping and storage of the New Deal, the domestic flower gauze market even showed a trend of weaker declines. After the implementation of the New Deal, the price of domestic cotton will surely fall, and cotton processing companies have already begun to reduce the price of cotton that they have saved. At this time, they are increasing their sales efforts. However, due to the fact that cotton textile enterprises are still waiting for a new deal, the quality of the state reserve cotton will be applied to the state of the economy compared with the price, as well as the quotas of imported cotton with “favor” and “bundling” together with sluggish product sales and short cash flow. Therefore, in addition to the urgent need for a small amount of rigid "with the use of buy" bid for the State Reserve Cotton, they are not eager to purchase cotton, still waiting to wait. This also led to a sharp decline in the number and percentage of sales of state reserve cotton sales during the week ending the week, with a cumulative turnover of only 5,313.50 tons (25 days and 31 days, only trading 214.975 tons and 191.784 tons, respectively, with 0.82% and 0.81% turnover). The rare cold conditions in history. At the same time, although the imported cotton outside the port settlement system has also been reduced in price, it is also an inquisitor's embarrassing situation.

Due to lack of resources in the spot market this month, there is only a small amount of Xinjiang cotton that could not be deposited (as of March 31, 90% of the new cotton resources were collected into the treasury.) The transaction was light, and the cotton price accumulated a small amount in the “smooth” consolidation. Fall back, there is no market price. The main channel for purchasing cotton by cotton textile enterprises is still the sale of the State Reserve Cotton. However, due to the slow recovery of the market after the Spring Festival, coupled with the decline in the quality of cotton and the lack of imported cotton, the overall transaction ratio, the number of transactions, and the transaction price have all declined to varying degrees. . Basically, cotton textile companies adhere to the principle of "spot demand, a small amount of bidding" to participate in the sale of the State Reserve Cotton.

Due to the lack of resources and demand in the market, coupled with the disengagement of funds and constraints on future market policies, as well as pressures on the poor expectations of the future market, the electronic market is also trading lightly. The price is in a weak consolidation, oscillates and goes to the national reserve cotton. Selling prices close to the trend. Among them, electronic integration under the influence of the lack of spot resources and the normal implementation of the sale of State Reserve Cotton, it is difficult to gather popularity, few deals in recent months, continue their own independent market, the price can not represent and reflect the true value of cotton. The main MA1404 contract fluctuates between 17900-19300 yuan/ton, rising steeply from 386 points on the 4th to the highest price of 19230 yuan/ton this month, it has oscillated all the way down to the lowest price of 17,973 yuan this month on the 21st. / Ton, and smoothly run to the end of the month, the cumulative monthly ultra-large-scale stop falling. The price at the end of the month was basically similar to the sale price of the State Reserve Cotton at 18,000 yuan/ton.

At the beginning of the month of Zheng Cotton, driven by the strong rise in New York's cotton period, the price of the main CF1405 contract rose. From the week of 3-7, it accumulated an increase of 440 yuan per ton to the highest price of 19395 yuan per ton this month; Due to the uncertainty of the new cotton policy after April, it entered the channel of falling consolidation, which has dropped by RMB 1,020/t from October 31st to the lowest price of this month, RMB 18,375/t. In the month, it fluctuated within the range of 18300-19400 yuan/ton and fluctuated. The month's cumulative increase continued to fall. The price at the end of the month was slightly higher than the sale price of the State Reserve Cotton at 18,000 yuan/ton.

According to the information provided by the informants, the Hengshui District of Hebei Province was affected by the adjustment of the State Reserve Cotton Sell-Off Competition Policy. The cotton spot market was cold and stagnant, and real estate cotton and long-staple cotton sales were trapped in a “zero deal” situation. On March 27th, the sales price of local white cotton 3128B real estate cotton (purchase price, public settlement, with ticket, the same below) was RMB 19,100/ton, which was RMB 200/ton lower than that on the 20th; the price of RMB 1228 on the light cotton spot price was RMB 18,700/ton t, a drop of 150 yuan/ton over the 20th; white cotton 4128B grade quotation of 18,500 yuan/ton, a decrease of 200 yuan/ton from the 20th; a lighter-polluting cotton 2227B grade of 17,600 yuan/ton, a decrease of 100 yuan/ton from the 20th. Lest the spot business becomes more and more difficult during the latter part of the year, some local cotton processing companies have a phenomenon of concentrated sales of 100-200 yuan/ton, but the cotton textile companies are only inclined to sell the Sinopodium, or are only interested in cotton. , almost ignore the existence of real estate cotton. On the same day, local 137 Xinjiang autonomous regions produced cashmere quotations of 33,900 yuan/ton (local warehouse delivery, original certificate code settlement, cash spot transactions, with tickets, the same below), 136 quotations of 33300 yuan/ton, 237 33100 RMB/ton, 236 grades of RMB 33,000/ton, compared with RMB 20/ton in 20 days, but the inquiry was cold and few deals were made.

This month, imported cotton traders adjusted the sales psychology of shipping stop loss due to the influence of many rumors in the “post-recovery era” cotton policy in April. Many traders cut their prices to promote cash deposits in ports, but due to cotton Textile companies are now waiting for the cotton policy to land, and purchases are very cautious. As a result, sales are sluggish, and actual transactions are limited. Some traders are already in a position of losing money. The current port cotton is dominated by printed cotton, followed by Uzbekistan cotton and West Africa cotton, and a small amount of US cotton and Australian cotton. Printed cotton offers 17,800 yuan / ton, better quality quote 18,000 yuan / ton; Uzbekistan cotton 19100-19200 yuan / ton; West Africa cotton 18700-18800 yuan / ton; US cotton continued to be maintained at 19,000 yuan / ton or more; Due to the scarcity of cotton and the firmness of prices, the clearance price of GM was RMB 22,000/ton, and SM was slightly lower. Compared with before, some traders lowered their prices by 100-300 yuan/ton. Sales of cotton in bonded areas and out of season are also relatively light.

At present, the impact of the new policy on the reduction of the reserve price of the State Reserve Cotton Sale and the “bundle” tying import quota cotton policy, coupled with the lack of liquidity, most cotton textile enterprises’ inventory of cotton is less than 30 days, basically stop buying cotton, and accelerate the digestion of cotton. Inventories of cotton stocks used by individual cotton textile companies are only used for 2 weeks. Because the reserve price of the State Reserve Bank was lowered, it means that cotton stockpiles of cotton textile enterprises have fallen in value and depreciated in the short term. Therefore, cotton textile companies try to reduce inventory levels to avoid risks and reduce losses. After the Spring Festival, the operating rate of the cotton textile industry was generally stable, and large-scale enterprises basically maintained an operating rate of 80%. However, due to the fact that domestic cotton prices are significantly higher than those of international cotton prices, overseas cotton production pressures and operating conditions have deteriorated, with more than half of companies operating at only 65%.

Since April, the domestic cotton market will enter the "recovery era." The loss of support for new cotton storage and storage, coupled with the release of high-inventory storage cotton, will become an inevitable reality of the cotton market, the domestic cotton market will appear fluctuations, the risk of increased market conditions. However, at present, the State Reserve’s sale of cotton does not form a long-term price mechanism, and it is still priced by the government. If the cotton price is in line with the market, the company’s existing cotton and cotton yarn inventory will be at a loss. Many cotton textile companies have suggested that countries should keep their cotton prices relatively stable when they “go to inventory”, otherwise, many cotton textile companies will face bankruptcy.

March is the 7th month and the last month of the 2013/14 new cotton collection and storage. It is also the “succeeding” month when the new cotton collection and storage policy ends. The cumulative monthly storage plan is 1,970,820 tons, an increase of 940,457 tons from the previous month. The accumulated monthly storage amounted to 364,870 tons, an increase of 37,410 tons from the previous month. The average daily deposit of this month was 17,374.76 tons, a decrease of 15,371.24 tons from the previous month's 32,746 tons. Affected by the decrease in the number of acquisitions in March, the transaction volume of purchases and stores dropped sharply. The average daily average transaction rate was only 18.51% (31.78% last month). As of March 31, 6307370 tons have been collected and stored (including 38,840 tons of key enterprises). According to statistics from regions, Xinjiang has a cumulative turnover of 4,038,540 tons, with a cumulative turnover of 22,688,300 tons in the Mainland. The province with the largest volume of transactions was Xinjiang, which accounted for 64.03% of the total volume of transactions. The top 3 in terms of transaction volume in the Mainland were Shandong, Hebei, and Hubei, accounting for 9.68%, 7.74%, and 6.60%, respectively. The overall storage and storage progress of this month has slowed down from the previous month, and it is still slow. The amount of storage received was only 96.94% of the same period in the previous year (6506410 tons in the same period of the previous year). (Refer to: New Cotton Storage Schedule Statistics)

Statistics for the month of March: China's cotton price index CCindex3128B decreased by 60 yuan/ton, a drop of 0.31%, and it was at the end of the month at 19,406 yuan/ton; on the other hand, the 1404 contract for electronics made a sharp drop of 1015 yuan/ton, a decrease of 5.35%. At the end of the month, it operated at a price of 17,973 yuan per ton; Zheng cotton **1405 contract fell sharply by 580 yuan per ton, a decrease of 3.06%, and it ran at 18375 yuan per ton at the end of the month. At the end of the month, the spot price of CCindex3128B was 1,433 yuan/ton higher than that of the 1404 contract electronically and 1031 yuan/ton higher than the Zhengzhou cotton 1405 contract. (See: Table 1 and March 2014 Domestic Cotton Price Chart)

In March 2014, the cotton staple fiber market continued its sluggish overall sales momentum since the beginning of this year, resulting in under-investment, downstream purchases and subsequent purchases. The price continued to be weak, and the operation trend of maintaining stability was difficult. The price of polyester staple fiber was weak due to weak upstream raw materials, coupled with insufficient downstream demand, sales of pure polyester and its blended yarns and fabrics were difficult to start, and the price of polyester staple fiber was low. Among the hard-to-decrease channels, only the final settlement price for the week ended the week, only after the rebound of polyester raw materials rebounded slightly, the tail rose slightly, and the cumulative monthly increase continued to fall. Viscose staple fiber The prices of raw materials in the upper reaches of the market have been weakening due to weak consolidation, lack of incentives, and low purchasing power of user companies. They have only been in need of small single replenishment.

In March, polyester staple fiber prices continued the downward trend of the previous month. In the mid-to-late period, the price of polyester staple fibers was almost a slight decline in daily prices. From the 3rd to the 24th, the cumulative amount dropped by 470 yuan/ton, a decrease of 5.16%, and fell below the integer price of 9,000 yuan/ton on the 10th, and operated at the end of the period to the end of the month. From 25th to 31st, it accumulated a small amount. It rose 170 yuan / ton, or 1.97%, the cumulative increase in the full month continued to drop 300 yuan / ton. At present, the operating rate of polyester staple fiber production enterprises is maintained at about 75%, and the main production and sales are at 70-80% (up and down at 300% in the week-end and week-end). Although the overall mentality of the polyester market has improved, it is still difficult to dispel the dull clouds.

The price of viscose staple fiber in March was a weak trend that continued the downward trend in the previous month and fell all the way. In the first 3-10 days, viscose staple fiber prices fell slightly by 150 yuan/ton. On the 10th, some medium-end viscose staple fiber production enterprises introduced new policies. The price of big singles was set at 12,300 yuan/ton. After that, viscose staple fiber production enterprises lowered their prices one after another. The overall shipping orders improved significantly from the beginning of the month. One hundred, but after the downstream replenishment came to an end, the negotiation of transactions turned to light. In the middle of 10-20th, due to the low purchase volume of users, only the small single replenishment was required. The price of viscose staple fiber was drastically reduced by RMB 400/ton; on the 21st to 31st of last year, the viscose staple fiber industry was limited. The policy on production insured price has been gradually introduced, and the market's overall inquiries and transaction atmosphere have also improved. However, due to the weak raw material prices in the upstream market, lack of incentives, and the lack of funding for user companies and the attitude of the bearish investors, the procurement still takes less than 100 tons. The small singles just needed replenishment as the main drag, the price of viscose staple fiber dropped slightly by RMB 170/ton, and the total price of viscose staple fiber over the month dropped by RMB 720/ton. At present, the market demand for viscose staple fiber continues to be light, there is no good news to boost it, prices are falling steadily, and it is close to the bottom price level in 2009, and it is in a difficult situation of weak decline. The overall production and sales rate of viscose staple fiber production enterprises can only be maintained at a low level of 40-70%. It is difficult to achieve a balance between production and sales, inventory pressure is prominent, and the capital chain continues to deteriorate. The viscose staple fiber industry has further expanded its loss ratio.

Monthly statistics for March: The total price of polyester staple fiber decreased by 300 yuan/ton, a decrease of 3.30%, and it was at 8800 yuan/ton at the end of the month. The total price of viscose staple fiber decreased by 720 yuan/ton over the month, a decrease of 5.95%, and it was at the end of the month at 12580 yuan/ton. At the end of the month, the price of polyester staple fiber was lower than China's cotton price index CCindex328 (spot price) of 10,606 yuan/ton, and the price spread expanded from last month; the price of viscose staple fiber was lower than the price index of China's cotton CCindex328 (spot price) of 7,826 yuan/ton. The spread has also expanded from last month.

The gauze market in March 2014 was weak, the sales momentum was sluggish, the selling price was reduced, there were no hot products, and the recovery was slow and difficult. The overall wait-and-see mood was strong. The production orders of cotton textile enterprises are “small in batch and short in delivery time” and cannot meet the demands of full-load production, nor are they sufficient to improve and stimulate the improvement of the overall gauze market. Inventories of cotton textile companies have increased, funding is tight, business operations are difficult, and there has been a general lack of confidence in the market. In the week-end and week-end, under the joint action of the reserve price cut for the New Deal’s sale of the New Deal, the cotton textile enterprises follow the trend of the market. On the one hand, they do not purchase or buy less lint, and they use it to buy. On the one hand, they increase the decline in the price of yarn in order to achieve as soon as possible. Reduce product inventory and reduce losses.

Pure cotton yarn has only a small number of orders shipped and on-demand purchases, sporadic take the goods, the overall price is difficult to maintain stability, increase the amplitude down, can not be made profitable, only seeking less losses. The overall wait-and-see mood was strong, and there was a general pessimistic view of the April-May market. There was a practice of dumping inventory at a low price and repatriating funds. As a result, the quotations were uneven and confusing. There are many companies that do not have a clear quotation. When customers come to negotiate, they will be accounted for according to the purchase quantity and the customer's offer price. Compared with high-grade high-count yarns and combed C40S, the sales volume is slightly better. There are still a small number of goods taken. However, due to the relatively small number and high price of Australian cotton and high-quality Xinjiang, some companies have failed to take orders. Although the sales of the conventional low-middle-class carded yarns are relatively concentrated, they are affected by the imported yarns and they are difficult to sell. Affected by the market's expectation of the reduction in the reserve price of the State Reserve Cotton Sale in April, users expect that the domestic yarn price and the yarn price outside the port will continue to fall, and the purchase intention will be weak. The transaction will be mainly based on small quantities. The sales volume of pure polyester yarns and polyester/cotton yarns was better than that of pure cotton yarns. However, the selling price decreased with the decline of raw materials, and the transaction volume was higher with the T45S. People's cotton yarn sales were slightly better due to the near-traditional sales season. Sales of R10S and R30S were slightly better. Trading volume of other varieties was not yet improved, and sales of ring-spun cotton yarn were better than that of siro-spun cotton yarn. Many companies had changed the spinning ring. Spinning man cotton yarn, but the overall price decline in the price of raw materials under the downward pressure on the downward adjustment, and due to too many production companies lead to relatively fierce competition. Polyester Viscose Yarn T/R40S/2 has a stable trading volume, and its selling price is also weakly declining.

On the whole, due to the large backlog of imported yarn port inventory and falling prices, the price of domestic yarns was suppressed but fell, but the overall transaction volume increased slightly from the previous month. Most cotton textile enterprises basically maintained on-demand production and inventory. With little increase, the average operating rate also rose slightly, at about 80%. Although the company's quotation is basically maintained, the space for concessions and gains remains enlarged when the transaction is actually negotiated. Most production companies and distributors reported that after the sales of products, the account credits were serious, and it was difficult to recover the arrears. Some enterprises and merchants had a difficult operation of funds. At present, cotton textile companies are on thin ice, in addition to the “hard injuries” in terms of human cost and appreciation of the exchange rate, the current cotton policy is a “fatal” factor, which in addition to causing a huge cotton price difference between inside and outside, also causes a serious decline in cotton quality. There are too few high-grade cotton in the State Reserve Cotton for sale, and the grade is not high, resulting in difficulty in cotton blending by cotton textile companies, increasing costs and decreasing product quality.

There are many stocks of imported yarn ports, and the number of Indian and Pakistani yarns is more. Affected by the downward adjustment of the reserve price of the New Deal’s New Deal, the imported yarn is also a weak trading trend with weak prices. The mainstream price of C21S in India and Pakistan is 22,400-22,800 yuan/ton, and the mainstream price of C32S is 23,600-24,000 yuan/ton, although it is sold. The intention of shipping was strong, but the interest of buyers was extremely low. None of the prices was shipped. Most dealers because the bearish view of the market mentality is strong, coupled with the current risk of devaluation, are not conducive to the order, it is entangled in its follow-up order problems, but not ordering but also facing the situation of no later goods can be sold. Nowadays, some dealers have no choice but to adopt two kinds of coping methods. One is to reduce the order quantity, and individual dealers have reduced the order quantity to 2-30%; the second is the temporary purchase of part of the spot, in order to cope with the situation that no goods can be sold in the future. . Due to the general trend of the domestic market for gauze, the price reduction of imported yarns is inevitable. It should be at the beginning of April. Due to the generally bearish outlook, most dealers believe that the decline in the market will be at a rate of 500 yuan/ton.

This month, it is better to sell fabrics for spring and summer clothing (shirts, casual wear, etc.). Cotton poplin, cotton yarns, and canvases are sold in large quantities, such as C 21x21 108x58 47", 63" khakis, C 21+21x21+21 124x84 63" canvases, and especially for the production of shirts. The cotton poplin poplin takes more prominent goods; the amount of pure cotton fine cloth that should be used for children's wear has increased, such as C 32x32 68x68 63" fine flat; JC 40x40 133x100 63" anti-feather cloth market transaction is obviously dull, and the selling price There is also a drop; Home textiles bedding cotton cloth (sheet cloth, quilt cover, etc.) trading volume decreased significantly, but should be done quilt and other C 30x30 68x68 104" fine level still take the goods; cotton corduroy, flannel fabric inventory Larger, very few sales, and falling prices, has become a "down market" situation. Jacquard-like denim and stretch denim markets have shown a sales trend of “selling”. Cotton ammonia elastic cloth "amount is stable". The polyester-cotton blended fabric still showed the trend of “smoothness and stable price”, among which the polyester-cotton twill fabrics such as T65/C35 21x21 108x58 63” khaki, T65/JC35 32x32 130x70 47”, and 63” twill were better; Need to do women's shirts, skirts, children's wear and other polyester-cotton stretch poplin to take goods is also smooth; and cloth fine, not wrinkle, drape, easy to wash care T80/C20 21/2x10 72x40 63" canvas Take the goods is also good. The transaction volume of people's cotton fabrics was slightly enlarged, and shipments of high-count yarns and interwoven fabrics were relatively smooth. R 30x24 98x44 67" crepe sold more, but the selling price was weakened due to the drop in raw materials at the upstream. The T80 in polyester-viscous grey fabrics /R20 16x16 102x54 63" The sales of Huada rose slightly.

Monthly statistics for March: The selling prices of the yarn representative varieties C32S, JC40S, T65/C35 45S, and R30S are all decreasing trend. The sales price decreased by 205 yuan/ton, 210 yuan/ton, and 155 yuan/ton respectively. , 430 yuan / ton; decline of 0.80%, 0.69%, 0.75%, 2.51%; respectively, at the end of the month at 25,320 yuan / ton, 30,235 yuan / ton, 20,530 yuan / ton, 16,680 yuan / ton price point.

Monthly statistics for the month of March: Grey cloth represents the running trend of the C 32x32 130x70 47" twill, JC 40x40 133x72 63" poplin, R 30x30 68x68 63" muslin, T65/C35 45x45 110x76 63" fine muslin fabrics. They decreased by 0.04 yuan/meter, 0.01 yuan/meter, 0.05 yuan/meter, and 0.02 yuan/meter respectively; they decreased by 0.63%, 0.11%, 1.09%, and 0.41% respectively; at the end of the month they were respectively running at 6.34 yuan/meter and 8.89 yuan/meter. 4.55 yuan / m, 4.90 yuan / m price.