Cotton Yarn Market Overall Weakness, Partial Price Drop.

Domestic cotton market prices continue to fall, and the average price of cotton price A index (CNCotton A) representing the 2129B cotton price in the mainland is 16321 yuan / ton, down 22 yuan / ton compared with the previous week; the average price of cotton price B index (CNCotton B) on behalf of the mainland 3128B grade cotton price is 15905 yuan / ton, down 28 yuan / ton compared with the previous week.

Finishing cotton

Good price increases, driven by the price of air spinning pure cotton yarn, Shandong factory OEC7S quoted 14000 yuan / ton cash.

Conventional pure cotton yarn is relatively affordable, and some of which are used for home textile production. A factory in Shandong has quoted 24600 yuan / ton of BJC40S cash available for drifting.

The middle and high count pure cotton yarn is weakening, and the local price center of gravity has been slightly reduced. A factory in Shandong has quoted JC60S price of 33200 yuan / ton, and the manufacturers are losing more.

The long staple cotton yarn is relatively stable, the price is maintained, and the old customers order shipment. A factory in Anhui has quoted 58000 yuan / ton of compact JC80SD100% long staple cotton.

During the week, the main cotton producing areas in China ushered in rainfall, alleviating the drought and promoting the budding and flowering of cotton.

The obvious rainfall process occurred in the the Yellow River River Basin, and the pests and diseases caused by drought were alleviated. At present, the cotton is in the fifth true leaf stage to the budding stage. The cotton weather in some parts of the Yangtze River Valley is more favorable for cotton growth, and the cotton is also buds and blooms, and Jiangsu, Zhejiang, Anhui and other places are rainy.

Xinjiang cotton area is dominated by high temperature weather. Cotton grows rapidly and cotton plants have entered the buds stage.

Zhou,

The planned delivery volume was 150 thousand tons, the actual turnover was 95 thousand and 900 tons, the turnover rate was 63.94%, and the turnover rate was callback. From the paction price, the average paction price was 14667 yuan / ton, down 155 yuan / ton compared with the previous week.

As of June 30, 2017, the accumulative total of 1 million 678 thousand and 900 tons of cotton reserves had been sold in 2016/2017. When Xinjiang cotton's listing volume remained stable during the week, the average remained at 10 thousand tons / day.

When Zhou, the cotton yarn market was weak and partial.

Some enterprises' orders are coming up to mid July. Because of the fluctuation of raw material prices, it brings risks to enterprises.

It is understood that in July, orders for textile enterprises in Hebei, Shandong and Henan provinces were generally reduced, with a decrease of 10-15%, of which the air spinning and siro spinning decreased considerably, and the order of combed yarn was not large, and the inventory of enterprises increased.

When the United States Department of Agriculture recently released a report, the US cotton sown area was 12 million 50 thousand acres in 2017, an increase of 20% over the same period last year.

The area of upland cotton is 11 million 800 thousand acres, an increase of 19%, and the Pima cotton area is 252 thousand acres, an increase of 30%.

Due to the fact that the actual coverage area decreased by 1.5% compared with the March intention area, which was lower than the previous market expectations, ICE futures rebounded strongly.

In the domestic market, other varieties of plates continue to rebound in the face of abundant capital, but Zheng cotton suddenly went against the trend last Wednesday, and increased its position under the structural contradiction between spot supply and demand, and reverse demand deviated from the trend of commodity index.

This week, ICE cotton bottomed successfully and opened a substantial increase, will play a positive role in Zheng cotton, zhengmian warehouse cotton to speed up the outflow, the market pressure is expected to ease.

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