The Cotton Price Of The Reserve Cotton Wheel Is Decreasing Steadily This Week.

The spot market was observed. On the two weekend, cotton in the the Yellow River River Basin was generally stable, although the local price rose slightly, and the cotton price difference narrowed.

As of March 20th, Hebei Cangzhou 3128 grade cotton bales price 15700 yuan / ton (gross weight, pick up), 4128 level 15300 yuan / ton.

In recent years, Hebei real estate cotton spot comprehensive index is better, the fiber length is mostly 28-29mm, the horse value B2, B3, C1 are more, but the fiber length uniformity is not optimistic, so in actual paction process, cotton enterprises are generally more than 50% tests, individually by package inspection.

In recent years, the price of small cotton has remained stable. As of now, the price of the 3 class and 4 class small cotton is 15500 yuan / ton, 15000 yuan / ton, and some small textile enterprises are making a reserve of cotton by traders or large textile enterprises due to tight funds.

The recent cotton prices in Xinjiang moved to the mainland have been loosened.

As of March 20th, Shandong, Binzhou, Dezhou and other places in Xinjiang, "double 28, double 29" hand picked cotton price of 16550-16750 yuan / ton, due to the recent cotton export costs down, there are still some concessions in the actual paction process.

With the increase in the number of storehouses coming out of the reserve cotton, some spinning enterprises continue to follow the strategy of "follow suit with buying", but show great enthusiasm for some quality cotton and imported cotton.

Raw viscose is weak, and the cotton yarn market is also lacking in confidence.

Factory quotations are basically stable, and there are only a few new markets.

The mainstream market of Xiaoshan 30S ring spinning market dropped to 21000-21200 yuan / ton, siro spinning 40s was only 23000-23200 yuan / ton, and the pressure of cotton mill stock increased sharply.

Viscose staple fiber market continued weakness, some manufacturers continue to sell goods at low prices, further to combat market confidence, and the enthusiasm of market purchasing also dropped to freezing point.

Fortunately the mainstream

Actively promote export orders, and complete pre contract, generally maintain a lower inventory, price execution continues to be strong, the middle end in 17200-17500 yuan / ton, high-end in 17600-17800 yuan / ton.

Wait-and-see mentality is still dominant.

Viscose market confidence is lacking, wait-and-see mentality dominated, the market outlook is expected to gradually weakened, the cost is expected to be weak, and the market production and marketing downturn, the weak market, the human cotton yarn market.

Or continue to weaken.

Overall, Zhengzhou cotton weakened and ICE cotton gradually strengthened this week.

Within second weeks of the week, the standard sale base price was 15538 yuan / ton, rising 180 yuan / ton compared with the first week.

During the week, the heat intensity of the reserved cotton wheels receded, and the market gradually entered the normalization of auction according to production demand.

A total of 311 thousand and 600 tons of accumulative cotton production plan was issued, and a total of 267 thousand and 800 tons were sold out of the warehouse. The turnover rate was 85.95%, all of which were domestic cotton. The highest price was 16500 yuan / ton, the lowest price was 13480 yuan / ton, the price was 3128 yuan, 16250 yuan / ton, and the average price was 14990 yuan / ton.

During the week, with the launch of the reserve cotton, some traders were reluctant to sell their spirits and slowed down the spot prices.

The price of cotton yarn in the lower reaches shows a steady trend. According to the price monitoring by the business group, the average price of the 21S cotton knitted yarn with high quality knitted yarn was 23825 yuan / ton as of March 17th, up 0.05% from the beginning of the week.

Recently, the market of cotton yarn is better. According to the cotton mill, there are sufficient orders and confidence in the market.

Sun Kuanghua, a business analyst, thinks that with the cotton spinning coming out,

Relatively abundant, at the same time, the standard price of the reserve cotton wheel is broken down, and the paction price is above 16000 yuan / ton. The cost of cotton blending in spinning enterprises is at a high level, and the procurement of textile enterprises tends to be cautious, resulting in the cooling of the cotton reserve wheel, the downturn of Zheng cotton and the weakening of the lint market price.

Downstream cotton yarn market situation is better, orders are abundant, and has a certain supporting role for domestic cotton prices.

Overall, the supply of short-term cotton market is relatively abundant, and downstream demand is expected to increase, supporting cotton prices. Cotton futures market is expected to remain stable next week.

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