The Price Of Cotton To Hong Kong Rose Sharply Today, --SICE Daily Price Bulletin (6.2)

domestic

1.3128B cotton 11795 flat; 1.5D viscose staple fiber 8800 flat; 1.4D polyester staple 5750 up 30; pure cotton yarn C32S 18720 flat; cotton yarn R30S 12300 flat; pure polyester T32S 9900 flat.

2. India's promotion of MSP was roughly 5%, which led to the rise of US cotton and made Zheng cotton futures follow up. After the futures were high, the spot price was slightly lower. At present, most of the naked base price quotations are between 100-300 yuan / ton. At present, the market maintains the trend of turbulence, and the low support is strong, and the high rise is slightly weak.

3. the viscose staple fiber market remained calm, the chemical fiber factory was selling at a steady price, the downstream users were waiting for money, the trading atmosphere remained flat, and the terminal demand recovered slowly, and the confidence of the market participants was still insufficient. At present, the price of mid end viscose staple fiber is 8800-8900 yuan / ton, and the price of high-end viscose staple fiber is 9200-9300 yuan / ton.

4. Zheng cotton main 2009 contract increased warehouse reduction, the period price shocks rose, closing 11740, compared with the previous trading day +1.47%; the highest reported 11845, lowest reported 11625; turnover 477443, position 377021, +2025; CF9-1 month price difference 530, 0. CY2009 closed 19360, compared with the previous trading day +0.94%; the highest reported 19550, the lowest reported 19250; turnover 6496, positions 8537, +223.

　　 5. today, PTA futures trend collation, Zhejiang market polyester factory price is stronger, individual slightly increased. Downstream textile enterprises mostly demand replenishment on demand, purchasing mentality is cautious, and the market trading atmosphere has changed. In the short term, the center of polyester core is more durable. At present, the mainstream of POY 100D/36F quotation is between 5600-5700 yuan / ton, and the mainstream of FDY 75D/36F quotation is between 6550-6700 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 8400-8600 yuan / ton.

　　 6. China Textile City passenger reduction and reduction, the total turnover of 6 million 200 thousand meters, of which 3 million 980 thousand tons of filament cloth, 2 million 220 thousand mm of short fiber cloth, of which 400 thousand cotton cloth, TC cloth 300 thousand, TR cloth 310 thousand meters, R cotton 700 thousand, other 510 thousand meters.

international

The ICE cotton market rose sharply in the first trading day of 1.6 months. The main contract price in July was 60.06 cents, up 247 points; in December, the settlement price was 58.71 cents, up 123 points; in March, the settlement price of the contract was 59.24 cents, up 76 points.

2. India's cotton spot quotes on Monday slightly increased. The price of the S-6 ginning factory is 32550 rupees / candi, 54.90 cents / pound, and the price of Punjab J-34 is 3630 rupees / mod, 58.30 cents / pound. On the same day, the amount of seed cotton listed was 13 thousand and 800 tons of lint, including 6630 tons of Ma bang, 4250 tons of Gujarat and 1105 tons in the north.

In June 1st, the southwest monsoon landed in Kerala, reaching 4 days ahead of schedule, consistent with the same period in previous years. It is expected that the Gujarat and Ma Bang will usher in heavy rainfall, and the drought will be eased. At present, the new cotton planting rate in the northern region has reached 85%-95%.

　　 3. Pakistan is still dominated by dry and hot weather. The new flower sowing work has been carried out rapidly, and some cotton areas have been sown. However, the problem of low germination rate has always existed, resulting in partial cotton fields needing replanting and cotton seed prices rising.

Last weekend, Pakistan was attacked by widespread locusts. Government departments and other relevant departments have actively controlled, and their impact on cotton crops is limited.

At present, some early sowing new cotton has been picked, and seed cotton price is 3500 rupees /40 kg. However, due to the continued weakness of demand side, the cotton mill is still mainly processed with old cotton stocks. According to the quality, the pick up price of the middle level ginning plant varies from 7400-8500 rupees to Moore.

4. the overall trading volume of imported cotton yarn today is still slack and the price is stable and weak. The main reason is that the cost of port has declined, and traders still have partial profits. In terms of market demand, the start-up of the cloth factory is maintained as a whole. The market is not much improved, but the market is obviously better than that in April. At present, Jiangsu and Zhejiang markets are relatively well placed, for example, relatively poor market demand.

5. the price of imported yarn is stable today, and the turnover is light. India and Pakistan are starting to recover faster, but the new orders are still not optimistic. Textile and garment export orders are difficult to recover in the short term, and import market demand is unlikely to improve.

The price of India's external market is stable, and the demand for combed yarn has been weakening recently. At present, the cotton mill can cope with manual problems, and the load increases. The local factory OEC16S 1500csp price is quoted at US $1.58 / kg and RMB 13 thousand and 100 yuan / ton after tax.

The price of Vietnam's external market is steady, and the goods are still slow. The cotton mill has a pessimistic view of the market demand. After the appreciation of the exchange rate today, there are a small number of 21 parts spinning locally. C32S the price of the rapier is US $2.18 / kg, and RMB 18 thousand yuan / ton after tax.

The price of Pakistan's external market is mainly stable, demand for siro spinning is not good, and the price is steady. Some spinning mills are mainly spinning ring spinning, and orders are mainly from the downstream factories in Pakistan.

6. the quotations for foreign cotton to Hong Kong rose sharply today. The shipment period of India cotton Shankar-6 1-5/32 was quoted at 7/9 cents for 65.8 cents / pound, up 2.5 cents, 13506 yuan up 225 yuan under the discount tax, 1% yuan under the quota tariff, 11532 yuan per ton, or 431 yuan. US cotton EMOT SM shipment period 7/9 month quoted 70.3 points / pound 2.5 cents, the discount slip quasi tax offer 13925 yuan / ton up 234 yuan; 1% quota tariff port self reported 12307 yuan / ton up 431 yuan. Brazil SM shipment period 7/9 month quoted 70 cents / pound 2.5 cents, the discount slip quasi tax offer 13902 yuan / ton up 248 yuan; 1% quota tariff port price increase 12255 yuan / ton up 431 yuan.