The New Period continued to rise slightly in the weaker national cotton

In the third week of March 2014, the domestic flower gauze market was still shrouded in the impact of the unclear atmosphere of the cotton policy after the end of the new cotton collection and storage in March. The overall market price of flowers, yarns, and cloth was weak, and the sales price slumped. Although the New York futures cotton was still affected by the uncertainties of China’s cotton policy, it was consolidating under the pressure of tight supply and speculative funds. This cumulative increase slightly continued to increase, and remained above the 90 cents/pound price point. run. The international spot cotton price is the trend of weak consolidation after a slight increase in the cumulative decline. The domestic cotton market continued its light stalemate and the weak tendency of weak consolidation, spot cotton prices were weak and “smooth” consolidating, with a slight decrease in total volume, light trading, and price-free market; the cumulative increase in the price of electronic matching cotton continued to drop; Zheng Cotton ** The cotton price is the cumulative trend of a slight rebound. The price of cotton staple fiber continued its weak trend and continued to fall. The transaction was light. The yarn and cloth market was weak, trading was light and the selling price continued to fall.

This week's ICE cotton market is trading above the 90 cents/lb level, with cumulative gains continuing to rise. The main ICE cotton contract of 1405 decreased slightly on Monday, Wednesday and Thursday, and rose slightly on Tuesday and Friday. The international spot cotton price is the trend of weak consolidation after a slight increase in the cumulative decline.

The main ICE cotton contract for the 1405 contract rose slightly, mainly due to the continued tight supply of US cotton and the decrease in the expected planting area of ​​US cotton. In addition, the external markets such as corn, wheat, soybeans, and other commodities and US stocks are generally driven by sharp rises. Of course, the promotion of speculative buying into the market can not be underestimated. On the 18th, the contract closed at 92.93 cents/lb, which was the high price level after 93.10 cents/lb on February 13, 2012, and was closed at the high price of 93.31 cents/lb on the first day of the week (21st).

The weakness of the main ICE cotton contract on the 1405 contract on Monday, Wednesday, and Thursday was mainly due to the lack of future news on the cotton futures market, and the lack of further guidance on the future. According to a report issued by the Ministry of Agriculture (USDA), during the week of March 7-March 13 in the United States, the U.S. contracted to export 11,021 tons of land cotton this year (15% less than the previous week, and 36% less than the average of the four weeks), and shipped 74,616 tons. (25% from the previous week, and 7% from the average of the last four weeks); China has signed a net contract of 2,064 tons of land cotton this year and shipped 19,527 tons. ]Impact.

This week's Intercontinental Exchange (ICE) cotton futures market is a small increase in the running trend. The main ICE cotton contract for the 1405 contract rose slightly by 1.12 cents/lb, or 1.21%, and the weekend price was 93.31 cents/lb. It still runs above the 90 cents/lb integer price point. The international cotton price index CotlookA (FE) decreased slightly by 0.05 cents/lb, a decrease of 0.05%, and the weekend price was 97.35 cents/lb. China's imported cotton index FCIndexM increased slightly by 0.34 cents/lb, or 0.34%, and the weekend price was 99.39 cents/lb.

This week the domestic cotton market is still shrouded in March after the end of the new cotton collection and storage, how to adjust the cotton policy is still not clear speculation, wait-and-see atmosphere, the transaction was light, weak consolidation, expectation, wait-and-see, weak stalemate in the price weakness consolidation. Trends. Cotton textile enterprises have low stocks of cotton, but fear that the price of cotton in the market will fall, coupled with sluggish product sales and tight cash flow. In addition to the urgent need for a small amount of rigid “purchase-and-buy” BSC cotton or sourcing cotton, Not easy to buy cotton, but do not dare to save more cotton.

Due to the lack of resources in the spot market, there are only a small amount of Xinjiang cotton that cannot be delivered (89% of new cotton resources were collected into the treasury as of March 21st). The transaction was light, there was no market, and the spot cotton price was affected by the new cotton harvest. The "trade-offs" of reserve prices, while the cumulative increase in the "smooth" consolidation, decreased slightly. The main channel for the purchase of cotton by cotton textile enterprises is still the sale of the State Reserve Cotton. However, due to the decline in the quality of the state reserve cotton put in place, and there is no sale of imported cotton, the overall transaction ratio, the number of transactions, and the transaction price have all declined. The cotton textile enterprises' procurement of raw materials has been negative. Basically, they have adhered to the principle of "spot demand, a small amount of bidding" to maintain the minimum production needs and participated in the sale of the State Reserve Cotton. At present, enterprises are waiting more and more wait-and-see attitudes.

Due to the lack of resources and demand in the market, coupled with speculations on the release of funds and speculations on cotton policies after March, as well as the suppression of poor outlook for the market outlook, the cotton market in the electronic market was also a trend of light trading and weak price consolidation. Electronic cooperation in the lack of spot resources and the normal implementation of the State Reserve Cotton sell-off under the influence of the implementation of difficult to gather popularity, trading is light, few transactions in recent months, the price is also in the State Reserve cotton sell-off prices continue to drop under the drag, substantially The shocks fell and the reserve price of the State Reserve Bank of Cotton was “close to the same level”. The price of the main contract of the MA1404 contract continued to fall sharply throughout the month. In the absence of warehouse receipts and constraints on the outlook for the cotton policy, Zheng Cotton 也是 is also trading light, the trend of weak price consolidation trend, the price of the main CF1405 contract rallied slightly in the whole month.

The spot price of cotton outside the port remained high, buyers’ willingness to purchase was low, and the overall turnover was light. Traders reported that there was basically no transaction. In order to print the most cotton, the price is also lower, S6 clearance price 17700-18000 yuan / ton (all votes). Over the weekend, some traders began to cut prices to promote port stocks. However, due to cotton textile companies waiting for the cotton policy to land and purchasing cautiously, promotions have not been effective. Foreign cotton arrival quotation rose slightly. Printing cotton shankar-6 1-5/32 quoted 93.7 cents / lb, up 0.85 cents; discount quasi-tax quotations under the 15,733 yuan / ton, up 84 yuan; 1% quota tariff under the port since the offer 14,606 yuan / Ton, up 131 yuan. The US cotton EMOT SM was quoted at 103.1 cents/lb, up 1.1 cents. It was quoted at 16789 yuan/ton under the quasi-tax discount and rose 130 yuan. The port under the 1% quota tariff was quoted at 16,051 yuan/ton, up 169 yuan.

This week is the 23rd week of 2013/14 new cotton storage transaction. The cumulative total of 452,550 tons of weekly reserve plans was reduced by 27,660 tons from the previous week. A total of 72,530 tons of storage were collected in the week, a decrease of 18,830 tons from the previous week. The average number of deposits was 14,506 tons on Sunday, a decrease of 3,766 tons compared with 18,272 tons last week. As of March 21, it has accumulatively collected and stored 6,219,990 tons (including 6,680 tons of transactions by key enterprises). According to statistics from regions, Xinjiang sold a total of 4,020,340 tons, and the accumulated turnover in the interior was 2,1996,50 tons. Xinjiang, the largest trading province, accounted for 64.64% of the total transaction volume. The top 3 trading volumes in the Mainland accounted for 3 provinces in Shandong, Hubei and Hebei, accounting for 9.47%, 7.46%, and 6.69%, respectively. The overall transfer schedule slowed down from last week and was still slower than last year. The storage volume was only 96.68% of the same period of the previous year.

At the end of the week, China's cotton price index CCindex3128B had a slight decrease of 23 yuan/ton, a decrease of 0.12%, and the weekend price of 19,224 yuan/ton. The electronic convergence of the 1404 contract has dropped sharply by 517 yuan/ton, a decrease of 2.80%, and the weekend price is 17,973 yuan/ton. Zheng cotton ** 1405 contract increased slightly by 20 yuan / ton, or 0.11%, the weekend price of 18,925 yuan / ton. On the weekend, the spot price of CCindex328 was 1,449 yuan/ton higher than that of the 1404 electronic contract, and 497 yuan/ton higher than the Zheng cotton **1405 contract.

The price of cotton staple fiber continued its weak trend this week. The expansion continued to fall and the transaction was light. Among them, the price of polyester staple fiber in the international crude oil prices rose slightly, its upstream raw material PX continued to fall, PTA, MEG consolidation rose slightly, weak cuts in polyester chips, and downstream purchases have not yet started under the trend of weak operation. The cumulative increase continues to fall, and continues to operate at an integer price of 9,000 yuan/ton. The overall wait-and-see atmosphere is strong. At present, the operating rate of polyester staple fiber production enterprises is maintained at about 75%, and the production and sales are in the mainstream at 7-8 percent. The overall mentality of the polyester market remains boring. It is difficult to change the weak polyester staple fiber market in the short term. The price of viscose staple fiber is still weak in the upstream raw material prices, the lack of pulling power and the low purchasing power of user companies. With the delay of a small single replenishment, the price of viscose staple fiber is running weakly, and the accumulated growth rate continues to decline. From Wednesday (19th), due to the fact that more downstream users are just in the replenishment cycle, there are many rumors in the viscose staple fiber market (for example, Fujian Changle's 10,000-ton viscose staple fiber has entered the firm to discuss). The inquiries atmosphere has improved. At present, the viscose staple fiber industry lacks good news stimulus, poor market confidence, and a weak downward trend. The operating rate is maintained at 80-85%, and the average inventory volume is more than 15 days. The sales pressure is relatively high. The intention to go to inventory and ease capital pressure is strong, but low-price competition is difficult to increase. The capital chain of some viscose staple fiber production companies continues to deteriorate.

At the weekend, the price of polyester staple fiber decreased by 160 yuan/ton, a decrease of 1.81%, and the weekend price was 8,690 yuan/ton. The price of viscose staple fiber accumulated a sharp drop of 250 yuan / ton, a decrease of 2.09%, the weekend price of 11,700 yuan / ton. The prices of polyester staple fiber and viscose staple fiber were lower than the domestic spot price of 3128B cotton by 10,732 yuan/ton and 7,722 yuan/ton respectively. This week's gauze market was still weak, with thin trading and weak selling prices. The overall wait-and-see mood was strong. The pessimistic attitude of the market outlook has not changed. Orders for cotton textile enterprises with “small batch size and short delivery period” cannot meet the demand for full-load production, nor are they sufficient to improve and drive the improvement of the overall gauze market.

Pure cotton yarn has only a small amount of order shipments and on-demand purchases, and sporadic shipments, the overall price is difficult to maintain stability, and there is no profit at all. The overall market sentiment is on the wait-and-see mood. Generally speaking, the market in April-May has a pessimistic view. There are low-priced dumping practices to clear inventory and repatriate funds, resulting in mixed prices and confusion. There are many companies that do not have a clear quotation. When customers come to negotiate, they will be accounted for according to the purchase quantity and the customer's offer price. Compared with high-grade high-count yarns and combed C40S, the sales are slightly better, and there is still a small amount of goods taken. Although the sales of conventional low-priced sub-cushioned comb yarns are relatively concentrated, they are affected by imported yarns and the sales are difficult. Affected by the market's expected decline in the State Reserve's cotton sale price after April, users expect that both the domestic yarn price and the yarn price outside the port will continue to fall, and the purchase intention will be weak. The transaction will be dominated by small batches. Pure polyester yarn and polyester/cotton (T/C) yarn sales tend to be better than pure cotton yarn, but the selling price is weaker than that of falling raw materials. Trading volume is higher with T45S. Overall, the cotton yarn sales were slightly better due to the near-traditional sales season. R10S and R30S sales were slightly better. The transaction volume of other varieties was not yet improved. The sales of ring-spun cotton yarn was better than that of siro-spun cotton yarn. Many companies had changed. Spinning ring spinning man-made cotton yarn, but the overall price down the price of raw materials under the pressure of downward pressure, and due to too many production companies lead to relatively fierce competition. The transaction volume of T/R40S/2 was stable, and the selling price also fell weakly.

On the whole, due to the large backlog of imported yarn port inventories and the drop in prices, the price of domestic yarns was suppressed but fell, but the overall transaction volume was slightly higher than before. Most cotton textile enterprises basically maintained on-demand production, and inventory was not increased. More than average, the average operating rate also rose slightly, at around 80%. Although the company's quotation is basically maintained, the space for concessions and gains remains enlarged when the transaction is actually negotiated. Most production companies and distributors reported that after the sales of products, the account credits were serious, and it was difficult to recover the arrears. Some enterprises and merchants had a difficult operation of funds. At present, cotton textile companies are on thin ice, in addition to the “hard injuries” in terms of human cost and appreciation of the exchange rate, the current cotton policy is a “fatal” factor, which in addition to causing a huge cotton price difference between inside and outside, also causes a serious decline in cotton quality. There are too few high-grade cotton in the State Reserve Cotton for sale, and the grade is not high, resulting in difficulty in cotton blending by cotton textile companies, increasing costs and decreasing product quality.

There are many imported yarn port inventories. The number of Indian and Pakistani yarns is much, and the prices continue to fall slightly. The mainstream price of C21S in India and Pakistan is 22,400-22,800 yuan/ton, and the mainstream price of C32S is 23,600-24,000 yuan/ton. The intention of distributors is strong. Most dealers because the bearish view of the market mentality is strong, coupled with the current risk of devaluation, are not conducive to the order, it is entangled in its follow-up order problems, but not ordering but also facing the situation of no later goods can be sold. Nowadays, some dealers have no choice but to adopt two kinds of coping methods. One is to reduce the order quantity, and individual dealers have reduced the order quantity to 2-30%; the second is the temporary purchase of part of the spot, in order to cope with the situation that no goods can be sold in the future. .

There is a large volume of cotton poplin, khakis and canvases for spring/summer clothing (shirts, casual wear, etc.) this week, such as C 21x21 108x58 47", 63" khaki, C 21+21x21+21 124x84 63" canvas The transaction volume of home textile bedding fabrics (bed sheet fabrics, quilt cover fabrics, etc.) has dropped slightly, while the polyester/cotton blended fabrics still show a trend of “smoothness and stable prices”, of which T65/C35 21x21 108x58 63” yarn card sells for 7.30 yuan. / Meter, take the goods better; adapt to the seasonal needs of women's shirts, skirts, children's wear, etc. The polyester-cotton stretch poplin also has a better performance; and the cloth is delicate, not wrinkle, drape, easy to wash Care T80/C20 21/2x10 72x40 63" canvas can also take the goods. People's cotton trading volume has shown an increasing trend, such as R 30x24 98x44 67" 绉 cloth more dynamic sales, but the price down due to the decline in raw materials and weakening, Price 5.70 yuan / meter. The T80/R20 16x16 102x54 63" gabardine in Polyester and Tough Fabrics sold better.

The sales prices of the yarn representative products C32S, JC40S, T65/C35 45S and R30S all declined this week. The sales price decreased by RMB 25/ton, RMB 25/ton, RMB 25/ton and RMB 50/ton, respectively. The prices of 0.10%, 0.08%, 0.12%, and 0.30% respectively were calculated at 25460 yuan/ton, 30370 yuan/ton, 20580 yuan/ton, and 16850 yuan/ton on weekends.

This week, the grey cloth represents the trend of the C 32x32 130x70 47" twill, JC 40x40 133x72 63" poplin, R 30x30 68x68 63" muslin, T65/C35 45x45 110x76 63" fine muslin fabrics, and the selling price decreased by 0.01%. Yuan/meter, 0 yuan/meter, 0.01 yuan/meter, and 0.01 yuan/meter, decreasing by 0.16%, 0.00%, 0.22%, and 0.20% respectively. Weekends were run at 6.36 yuan/meter, 8.90 yuan/meter, and 4.56 yuan/week respectively. Meter, price of 4.90 yuan/meter.