U.S. Dollar Interest Rate Increase: Cotton Short-Term Fluctuations Are Not Easy.

Near the end of the month, capital funds will make it difficult for cotton mills to accept the current domestic spot prices. With the gradual easing of pport in Xinjiang, the number of cotton in the latter part of the mainland will increase, and the pressure will increase further.

In recent days, domestic futures have fallen sharply and the market has been depressed.

If the outer cotton will fall again later, the country will accelerate its decline.

Downstream polyester yarn follow-up actively, polyester cotton cloth quotation has been raised, but the actual paction follow-up is slow.

The market is more cautious at the high level, most of them are stocked up to years ago.

The price of imported India jet quality C32S woven yarn is chaotic. The low price resources are hard to find at the beginning. The center of gravity is slightly shifted up, and the short turnover to the mainstream is 22 thousand and 800 yuan / ton.

In Guangdong, the import of siro spinning low count yarn is very light, the price is down, the C8S of siro spinning is too few, the price is stronger than other products, and the quality of the Ba grade a quality is 19 thousand and 200 yuan / ton.

Imported knitting yarn has a relatively low turnover atmosphere, but the price is relatively stable.

Short term ups and downs are not easy, focusing on downstream stocking trends.

Spot quotation:

1. China

Price index: 229 cotton price 16287 (5) yuan / ton, 328 cotton price 15953 (0) yuan / ton, 527 cotton price 14908 (2) yuan / ton; 137 long staple cotton price index 21900 (200) yuan / ton, index long cotton cotton price index (200) yuan / ton; average cotton price (RMB) yuan / ton, cottonseed meal average price (-2) yuan / ton, cottonseed average price (-10) yuan / ton, grade 70 cotton oil average price (RMB) yuan / ton.

2. 3128B standard grade cotton quotation: Hebei 3128B quotation 16025 (0), 4128B quotation 15425 (0); Shandong 3128B quotation 15955 (0), 4128B quotation 15275 (0); Jiangsu 3128B quotation 15980 (0), 4128B quotation 0 (0).

3. inventory situation:

A) pure cotton yarn: cotton stocks in spinning enterprises: 27.4 (-0.1) days;

Cotton yarn inventory: 21.2 (-0.2) days; weaving mill cotton yarn inventory: 13.1 (0.1) days; full cotton grey fabric inventory: 23.3 (0.2) days;

B) polyester staple: polyester short factory stock 2.4 (0.2) days; pure polyester finished goods inventory 5.4 (0) days; polyester yarn raw material stock: 22.4 (-0.6) days;

C) viscose staple fiber: short staple factory stock 8 (0) days; raw cotton yarn raw material inventory: 16 (0) days; man cotton yarn finished goods inventory: 12 (0); man cotton cloth stock days: 19 (0);

D) China's yarn inventory index is 15.2 (0), and China grey fabric inventory index is 22.3 (0).

4. cotton spinning mill load 56.1% (-0.2%), polyester short load 83.7% (1.7%), sticky short load 92% (0%), cotton yarn factory load 73.5% (0%); pure polyester yarn load 69% (0%), cotton fabric factory load 68.4% (-0.2%), cotton cloth load about 61.6% (61.6%).

Disk analysis:

1., the cotton main contract closed at 15795, down 1.03%; the 1701 contract closed at 15575, down 0.89%; the ICE cotton main contract closed 71.45 cents, down 1.03%.

2. inside and outside spreads: 3128B cotton index and M grade import cotton average price difference is 1772 (-40); domestic C32S and India C32S spot price difference -80 (-15), domestic and India JC32S internal and external spreads 270 (20), domestic C21S and Pakistan inside and outside price difference 100 (20).

3. varieties price difference: pure cotton yarn C32S and human cotton yarn R30S price difference of about 3030 (-5), remain unchanged.

Summary:

Zheng cotton fell slightly, most of the time with shock finishing.

Overall commodity weakness is not conducive to cotton rebound, and the market is cautious before raising interest rates.

From a technical point of view, the United States cotton is still out of the short-term average, the support of the 30 day moving average is stronger; Zheng cotton today if it can not stand firm 15800, then the latter will test 15500 support, operation, more than 15900 can be a small number of short selling.

For more information, please pay attention to the world clothing shoes and hats net report.