Part Of Brazil Cotton Traded For Price Advantage --SICE Daily Market Bulletin (6.18)

domestic

1.3128B cotton 11983 increased 33; 1.5D viscose staple fiber 8700 flat; 1.4D polyester short fiber 5730 flat; pure cotton yarn C32S 18670 down 30; cotton yarn 12400 R30S flat; pure polyester T32S 10000 flat.

2. cotton spot market continued to adjust the trend, the overall cargo is relatively poor, the Xinjiang cotton machine 3128B base price difference of about 400-500, currently about 12300-12400 yuan / ton, Shandong real estate 3128B Binzhou library quoted at 11900-12000 yuan / ton, a single negotiation can be discussed, the goods are relatively poor. At present, the downstream is gradually entering the traditional off-season, and some cotton mills have already responded, and the goods have been reduced.

3. viscose staple fiber atmosphere continued light, chemical fiber factory low shipment, downstream users replenishment, continue to wait for the price down, the current stock from upstream to downstream, but the stock is difficult to effectively release to the terminal market. At present, the price of mid end viscose staple fiber is 8600-8800 yuan / ton, and the price of high-end viscose staple fiber is 9000-9200 yuan / ton.

4. the 2009 contract of zhengmian main unit reduced the warehouse volume and reduced the price. The period price rose slightly, closing 11890, compared with the previous trading day +0.51%; the highest price was 11910, the lowest was 11820; the turnover 200504, the position 355520, -7188; CF9-1 month price difference 515, -5. CY2009 closed 19280, compared with the previous trading day +0.47%; the highest reported 19310, the lowest reported 19190; turnover 4449, positions 8256, -82.

　　 5. today, PTA futures trend is weak, and Zhejiang market polyester factory quotations are still stable, partial reduction. Downstream textile enterprises Procurement enthusiasm is not high, continue to digest inventory is mostly, the market trading atmosphere is relatively cold. It is expected that the centre of gravity of polyester filament will be narrowed in a short time. At present, the mainstream of POY 100D/36F quotation is between 5850-5950 yuan / ton, and the mainstream of FDY 75D/36F quotation is between 6650-6800 yuan / ton, and the mainstream of DTY 75D/36F quotation is between 8450-8650 yuan / ton.

　　 6. China's textile city increased incrementally, with a total turnover of 6 million 780 thousand meters, of which 4 million 450 thousand were long silk cloth, 2 million 330 thousand were short fiber cloth, including 450 thousand cotton cloth, 230 thousand TC cloth, 300 thousand TR cloth, 750 thousand R cotton cloth and 600 thousand meters.

international

1.6 ICE 17 cotton market overall rose. The main contract price in December was 60 cents, up 92 points; in July, the settlement price was 61.34 cents, up 127 points; in March, the settlement price of the contract was 60.53 cents, up 99 points. Other contracts rose by 94-110 points.

2. on Wednesday, India's S-6 ginning factory received a slight correction in its delivery price, which was quoted at 33350 rupees / candi, which was 56.10 cents / pound. The price of J-34 in Punjab continued to decline, reporting 3673 rupees / mod, 58.85 cents / pound. On the same day, the amount of seed cotton is 10 thousand and 900 tons. They include 5610 tons of Ma bang, 3400 tons of Gujarat and 646 tons of trun gaina.

　　 3. the recent import demand in Pakistan is light. Most spinning mills still rely mainly on inventory. Some Brazil cotton and Tanzania cotton have heard of the price advantage. The price is 60-62 cents / pound (CFR, Karachi port), and some SLM grade Argentina cotton is about 55 cents / pound. In addition, in 2020 and 21 years, Brazil cotton, which was purchased by enterprises for long-term shipment, was quoted at about 450 points in the 202107 contract of the New York Stock Exchange.

4. the spot market trading of imported cotton yarn remains light today. Traders' quotations are steady and shipping is not fast. Sub regional perspective, Jiangsu, Zhejiang, Nantong, Ningbo, Lanxi market continued trading, traders can still be red. The demand in Guangdong, Fujian and Weifang is poor, and the market sentiment is pessimistic. Overall, port inventory and domestic cotton mill's inventory increase is expected to continue to bring pressure to the market.

5. the imported yarn market is relatively stable today, and the price is stable. Sales in some parts of the country have increased, and market demand is still poor. India quotation is stable and weak, traders C32S US dollar quoted price 2.22 dollars / kilogram, RMB after tax is about 18 thousand and 800 yuan / ton. The price of Vietnam's external market is stable, and the turnover is light. The price of partial C32S bleaching is discussed at around 2.24 US dollars / kg, and RMB 18 thousand and 300 yuan / ton after tax. Pakistan cotton yarn price is stable and weak, the market is generally traded, shipping difficulties, individual traders sales rising. The second tier siro spinning C10S price is about $340 per piece, RMB after tax is about 15 thousand and 300 yuan / ton.

6. the quotation of cotton to port increased slightly today. The shipment period of India cotton Shankar-6 1-5/32 was quoted at 7/9 cents for 65.25 cents / pound, up 0.75 cents, 13451 yuan up 64 yuan under the discount tax, 1% yuan under the quota tariff, 11437 yuan per ton, or 129 yuan. US cotton EMOT SM shipment period 7/9 month quoted 70.25 points / pound 0.5 cents, the discount slip quasi tax offer 13927 yuan / ton up 50 yuan; 1% quota tariff port self reported 12298 yuan / ton up 86 yuan. Brazil SM shipment period 7/9 month quoted 69.8 cents / pound 1 cents, the discount slip quasi tax offer 13875 yuan / ton up 90 yuan; 1% quota tariff port price increase 12221 yuan / ton up 172 yuan.