Cotton Yarn Prices Increased Atmosphere, A Small Number Of Replenishment Of Textile Enterprises

Last week (December 30th -1 3), Zheng cotton suddenly increased its strength and drove cotton and yarn to rise locally.

Raw materials for cotton. During the week, Zheng cotton futures rose sharply, the main CF2005 contract broke 14000 yuan / ton mark, warehouse receipts grew faster. In the bullish atmosphere, Xinjiang cotton's basic offer and price rise sharply. In January 3rd, the "double 29" hand picked cotton price in Akesu, Korla and other places in the southern Xinjiang was quoted at 13800-13900 yuan / ton (weight, delivery, including tax), and the quotations for "double 28" hand picked cotton were 13400-13600 yuan / ton (ibid), up 300-400 yuan / ton compared with the previous week. Recently, the seed cotton purchase in Xinjiang has come to an end. Most of the market remains low quality cotton with 31%-33% in the price of 4.5-5.3 yuan / kg. The the Yellow River River Basin and the Yangtze River Basin are relatively gentle, and the seed cotton purchase is completed by 50%-60%. Shandong, Hebei and other places seed cotton maintained at 3.05-3.23 yuan / Jin, lint spot three level quotation generally in 13400-13600 yuan / ton (gross weight, pick-up, including tax), compared with the previous week rose 100-200 yuan / ton.

Other raw materials 。 Polyester staple market rose slightly. The price of 1.4D*38mm polyester staple in Jiangsu and Zhejiang provinces is around 7050 yuan / ton (including tax paid price and vehicle short delivery), compared with the previous week, the price slightly increased by 20 yuan / ton. In Fujian, the price of PET staple is around 6900 yuan / ton, which is basically the same as the previous week. During the week, the price of viscose staple increased slightly. Jilu area 1.5D*38mm viscose staple fiber newspaper 9800 yuan / ton, 1.2D*38mm viscose staple fiber reported 9600 yuan / ton, compared with the previous week, the price rose 50 yuan / ton, the actual business can be discussed slightly.

cotton yarn 。 Due to the end of the year, the cotton fabric manufacturers have been relieved of their mental problems and their quotations have risen steadily. In addition, the cotton futures market has improved in recent years and the spinning cost has increased. Affected by this, yarn manufacturers mostly increase yarn quotations. From the rise, the large textile enterprises rose by more than 500-700 yuan per ton, while the small and medium-sized textile factories rose by 200-300 yuan / ton. At the same time, some textile mills had not yet adjusted their prices. First, enterprises gradually entered holidays, and in the future they could rise in price. Two, although the bullish atmosphere was strong, the actual turnover difficulty was still large. Many manufacturers said that the actual turnover rose at 200-300 yuan / ton, and the small factory was only around 100 yuan / ton. According to feedback, as the Spring Festival is drawing near, the printing and dyeing mill in the weaving mill is coming to an end stage. After the new year's day, most of the dyeing mills have stopped buying orders, and the yarn trade will also gradually decrease and stop. According to the central bank news, the reserve ratio will be reduced by 0.5 percentage points in January 6, 2020. The market thinks that the banks are loosening up. Next year, the textile market will welcome major profits.

Other yarns 。 Recently, polyester yarn is relatively slow and cash flow is also low. Polyester cotton yarn is still available, and inventory is also declining. The price of pure polyester yarn 32S in Jiangqu area is 11400 yuan / ton. Cotton yarn keeps steady, cotton mill inventory drops and sales situation is better. The mainstream price of ring spinning R30S self woven yarn is 13900 yuan / ton near Ji Lu area.

Import yarn 。 According to traders' feedback, the recent inquiry of Port Bonded and customs clearance yarns did not improve much. Mainly with the approaching of the Spring Festival, most manufacturers of yarn used to stop purchasing raw materials. At present, the yarn storage outside the port is 8.5-9 million tons.