Upstream Raw Material Prices Stabilize, Yarn Stability

Last week (10-14 June), Zheng Mian futures Bottoming out, reserve cotton output volume price rebounded, and played a supporting role in the yarn market. During the week, the yarn mainstream was weak and some fell. Enterprise orders are still scarce, and the number of enterprises is increasing.

Raw materials for cotton. Zheng cotton futures closed down slightly. On Friday (June 14th), the main contract of zhengmian CF1909 was closed at 13425 yuan / ton, up 490 yuan / ton compared with the closing price of 12935 yuan / ton in June 6th. The turnover rate of reserve cotton rose slightly, and prices were mixed. The weather in Xinjiang is favorable for cotton growth. Most cotton in Northern Xinjiang entered the fifth true leaf stage. Affected by Zheng cotton's rise, Cotton Traders' "base sales" offer has been continuously raised, with a range of 300-500 yuan / ton. Southern Xinjiang "one price" hand picking cotton inquiry, look at goods are also slightly improved, individual regulatory library road spanport slightly restored. Cotton growing in Shandong, Jiangsu and other places in the mainland is better and the plant height is 20-30 centimeters. Real estate cotton spot prices fluctuate little, three grade real estate cotton price of 14000 yuan / ton.

Other raw materials. The price of PET staple has increased slightly. As of June 16th, the 1.4D*38mm polyester staple fiber in Hebei Lu area was quoted at 7550 yuan / ton, up 50 yuan / ton compared to June 7th, and the sales volume was general. As of June 16th, the export price of viscose staple fiber in Hebei area was 11600 yuan / ton, and viscose staple fiber 1.2D*38mm was 11600 yuan / ton, compared with the previous week, the price dropped by 200 yuan / ton, and the actual turnover could be discussed briefly.

Pure cotton yarn. Because of the signs of stabilizing the upstream raw materials, the cotton yarn is weak and stable. But textile enterprises said that June is the traditional off-season yarn, with fewer orders and slower returns, and the pressure of enterprise survival is not decreasing. As of June 14th, 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 price of 32S cotton yarn was 23400 yuan / ton, and the price was stable. According to enterprises, since mid May, pure cotton yarn has dropped by 1000-1500 yuan / ton, and enterprises are in a state of cost upside down. Entering the middle of June, the number of enterprises with limited production continued to increase.

Other yarns. During the week, the price of polyester yarn and cotton yarn rose slightly. As of June 16th, a factory in Shandong Weifang 32S polyester yarn factory quoted 16000 yuan / ton (including tax), compared with June 7th rose 300 yuan / ton, sales volume is still available, volume and turnover a slight discount. Henan Zhengzhou factory cotton yarn 30S quoted 17400 yuan / ton, up 200 yuan / ton compared with the previous week, sales volume in general, large single volume can be negotiated.

Imported yarn. According to traders feedback, nearly a week ago, OE yarn, 7-16S siro spinning and ring spinning imported yarn shipments overall decline, Vietnam, India, Indonesia and other countries for the combed yarn 21S, 32S high package bleaching yarn demand is more and more light. The price of internal and external yarn is upside down, and the pressure from traders is increasing. As of 16 days, China's main port imported yarn stock increased to about 150 thousand tons.