[Cotton Yarn Weekly Review] Orders are unsustainable

Due to the unabated momentum of the spread of the overseas epidemic, domestic import and export trade has almost stagnated. Textile enterprises have drastically reduced their orders and have to continue to take measures to reduce production to control cotton yarn inventory.　　 Cotton raw material. Recently, cotton spot transactions have been relatively flat, with fewer new pending orders, and individual orders withdrawn. The purchase order for Xinjiang cotton is around RMB 10,500/ton for the CF2005 contract, RMB 11,000/ton for the CF2009 contract, and RMB 11,500/ton for individual rigid demand orders. Recently, the market price basis price was relatively stable. On April 26, the 3129 basis price price of Xinjiang hand-picked cotton was 600-700 yuan/ton (CF2005 contract), which has not changed much from the previous week. At present, more than 90% of cotton planting in Xinjiang has been completed, but the progress is uneven. Most cotton seedlings in Shihezi area in northern Xinjiang have broken their membranes. In southern Xinjiang, heavy rain and hail weather affect the planting progress, which is also unfavorable for the growth of cotton seedlings. influences. The progress of cotton planting in the Yellow River Basin is relatively slow, and it is expected that the cotton planting work will be completed in early May.　　Other raw materials. During the week, international crude oil futures fell to negative numbers, and the market responded strongly, and short-term quotations came down. On April 26, the price of 1.4D*38mm polyester staple fiber in Jilu area was 5600 yuan/ton, down 700-800 yuan/ton from the previous week; the price of mid-end viscose staple fiber in Jiangsu and Zhejiang was 9100 yuan/ton. The volatility is not large.　　 pure cotton yarn. Recently, domestic yarns are still characterized by running out of external orders, poor internal orders, and companies maintaining rigid demand production. According to manufacturers in Shandong, Hebei and other places, the downstream market is still sluggish, new orders are weak, weaving mills and textile enterprises have reduced and suspended production, and there are many plans to extend the holiday during the 'May Day' period. The market is generally bearish on the outlook. However, due to cost factors, most factories are unwilling to continue to cut prices and maintain the level of quotations last week. On April 26, the price of OEC12S for open-end spinning of a factory in Shandong was around 12,100 yuan/ton, and the quotations of carded yarn 21S, 32S and 40S were 18,200 yuan/ton, 19200 yuan/ton, and 20,300 yuan/ton; combed compact spinning JC60S The price is 26,800 yuan/ton, and the actual transaction still has a discount of 100-200 yuan/ton.　　 other yarns. On April 26, the price of pure polyester yarn T32S in a factory in Shijiazhuang, Hebei was 9,600 yuan/ton, down 400 yuan/ton from the previous week, and there were fewer real orders; the price of R30S in a factory in Dongying, Shandong was 12,400 yuan/ton. Compared to the previous week, it was basically the same.　　Imported yarn. According to traders’ feedback, recently imported yarn transactions have been weak, and prices have continued to fall. At present, the quotation of Indian combed JC32S in RMB is around 20,800 yuan/ton, and the quotation of Vietnamese carded C32S is around 18,900 yuan/ton. The quotations of inner and outer yarns are upside down. As of the 26th, the outer yarn inventory in China's main port logistics zone and bonded zone is approaching 100,000 tons. Article Keywords: 　Cotton Yarn