Close to the holiday yarn market shrinking transactions, merchants have a strong wait-and-see attitude

In the international market, the basis of some varieties has been adjusted. The export of Indian cotton was hindered due to quality problems. The settlement price of the main December contract in the ICE futures cotton market on June 23 was 59.44 cents, down 41 points from the previous trading day. The quotation of the imported cotton price index was lowered in accordance with the New Zealand period, and the M-grade quotation was 68.60 cents/lb, down 0.5 cents from the previous day. From the perspective of quotation, the basis of Brazilian cotton is weaker than the previous period. The current 20-year M-grade quotation of new cotton has a premium of about 750-800 points in the New Zealand December contract; US cotton is basically stable, and the mid-grade recent shipment quotation this year is 1100 The Australian cotton will arrive in Hong Kong successively with the new cotton, and the current quotation ranges from 2200-2400 points. In addition, the quotation of Indian cotton has been lowered again, and the lower quotation for ready-to-install M grades is currently around 61.00-61.50 cents/lb.　　 From the perspective of the distribution situation, the distribution of Brazilian cotton is relatively good, and the sales of U.S. cotton are relatively acceptable. It is worth noting that although the price of Indian cotton is significantly lower than other cotton of the same grade, the price/performance ratio is greatly reduced due to quality problems.　　 Yarn market 　 　 close to the holiday market shrinking transactions merchants have a strong wait-and-see mentality 　 　 Today’s cotton yarn futures September contract settlement price fell 35, 19,995 fell 35, 4207 traded, and 8,240 open positions.　　Today's yarn market, the last trading day before the Dragon Boat Festival, most merchants in the market are in a wait-and-see attitude. There are no special hot-selling products in the market. Today, there are sporadic transactions in conventional carded yarns 32S, 21S, open-end spinning 12S, 16S, and high-end 40S. The price of C32S carding in Xiaoshao yarn city is around 18,600 yuan/ton, carded 40S high configuration is around 21,500-22500 yuan/ton, carded 21 high-precision knitting is around 18,800 yuan/ton, and 12 air-jet spinning is around 13,300 yuan/ton. , 16 air-jet spinning is about 15,000 yuan/ton, most businesses said that the price can be discussed again. Most downstream manufacturers say that they are just making up for some rigid needs now, keeping them for the festival, and basically not stocking more, so they will look at it after the festival.　　Industry Information　　[my country’s cotton imports in May decreased month-on-month year-on-year] According to customs statistics, my country’s cotton imports in May 2020 were 70,000 tons, a decrease of 42% from the previous month and a decrease of 61% from the same period last year. In 2020, my country imported a total of 800,000 tons of cotton, a decrease of 22% year-on-year. Since 2019/20 (2019.9-2020.5), a total of 1.21 million tons of cotton has been imported, a year-on-year decrease of 25%.　　 [my country's cotton yarn imports in May cut year-on-year] According to customs statistics, my country's cotton yarn imports in May 2020 were 100,000 tons, a decrease of 52.38% from the same period last year. Since 2019/20 (2019.9-2020.5), a total of 1.34 million tons of cotton yarn has been imported, a year-on-year decrease of 4.62%. Article Keywords: 　 Yarn Market