Domestic cotton prices are stable, and yarn market consumption is sluggish

The domestic market, 　　domestic cotton prices are stable, the spot market is downturn, and there is little change. On July 20, Zheng cotton futures closed down across the board. The settlement price of Zheng Mian’s CF009 contract in recent months was 11,930 yuan/ton, down 55 yuan/ton. China's cotton price index was 12162 yuan/ton, down 1 yuan.　　The domestic cotton spot market mainly has stable lint prices. The quotations of most companies remained unchanged from last Friday. The transaction price of 3128B grade lint is 11920-12100 yuan/ton. At present, the spot price has been relatively stable after several rounds of decline, and the wait-and-see sentiment of buyers and sellers has increased. Most textile companies still maintain buy-as-you-use, and the transaction volume has not changed much from the previous few days.　　 It is understood that today's cotton area in Hebei Province mainly sells lint to the factory with stable quotations. This week, the reserve price of the state storage cotton auction has dropped slightly. The local cotton merchants intend to observe the market changes before deciding whether to follow the downward adjustment. The spot market transactions are average.　　 Today, the sales quotation in the cotton area of u200bu200bAnhui Province is mainly stable. Some companies’ point-of-sale transactions were slightly lowered by 30-50 yuan/ton, and the spot quotations of cotton companies remained basically unchanged. According to a local textile company, at present, orders for textile yarns are decreasing, capital returns are slow, and spinning mills are less motivated to purchase, and they still focus on buying on demand. Small spinning mills in Anhui and Jiangxi are under greater pressure and have more yarn backlogs. Individual manufacturers have difficulties in procurement due to the slow capital return. The transaction price in the spot market did not change much, traders were more optimistic about the market outlook, and the quotation remained stable.　　International market　　Basis continues to run weak. Australian cotton transactions are especially light. On July 17, the ICE futures cotton market closed down. The settlement price of the main December contract was 61.94 cents, down 60 points. The price index of imported cotton was lowered, and the price of M grade was 68.76 cents/lb, down 0.50 cents from the previous day.　　 Judging from the quotation situation, the basis of Australian cotton has been lowered again in 20 years, with the median quotation at 1800-1900 points; the basis of Brazilian cotton and new cotton continues to be weak at around 650 points; other varieties have not seen significant adjustments.　　From the perspective of market transactions, Brazilian cotton is still the mainstay, followed by U.S. cotton; although Australian cotton continues to lower its prices, it is reported that the transaction situation has not improved significantly. The sales of other cargoes remained sluggish.　　 Yarn market 　　 Merchants let the shipment market consumption sluggish 　　 Today's cotton yarn futures September contract settlement price 19210 fell 105, January contract 20005 closed flat, 6065 traded and 7,890 open positions. In today’s yarn market, the overall market has not changed much. In the Jiangsu market, 7 Indonesian yarns are quoted at about 11,200/ton with tax included; 21 Vietnamese yarns are bleached in the United States, and the price is about 17,300 yuan/ton including tax. The volume is small, and the profit margin is relatively low, basically around 200-300 yuan/ton. In Zhejiang market, the price of domestic yarn OE10S is about 11800-11900 yuan/ton; OE16S, the market price is about 12,500 yuan/ton; the market price of combed 21S is about 20,300 yuan/ton; the price of combed 32S is about 18600 yuan/ton , Merchants said that real orders can be negotiated. Merchants are selling at profit, and most varieties are losing 300-500 yuan/ton.　　Industry information　　 1. The cotton spot market continues to adjust. The 3128-level basis price of Jiangsu cotton machine-harvesting machines is 500-600, which is currently about 12400-12600 yuan/ton.　　2. There are more Fuqian peaches of cotton in Kuqa, Xinjiang than the same period last year. This year, the average number of Fuqian peaches at the observation point is 1.2, and the average number of Fuqian peaches for high-yield fields and low-yield fields are 2.7 and 0.8 respectively.　　 3. Taiwan, China imported 7,482 tons of cotton in May, a decrease of 7% from the previous month and a decrease of 48% from the same period last year. Among them, the highest proportion of American cotton is 74% (5508 tons), followed by Mexican cotton (1200 tons), Brazilian cotton (556 tons), Indian cotton (195 tons) and Argentine cotton (24 tons). A total of 75,000 tons of cotton were imported this year, a decrease of 30% year-on-year.　　Macroeconomics　　 SASAC: Convene a mid-year video conference for heads of central enterprises. Focus on the optimization and structural adjustment of state-owned capital, highlight the optimization and upgrading of the main industry, actively promote reorganization and integration, and promote the construction of the “Belt and Road” with high quality, and further improve the overall function and allocation efficiency of state-owned capital. Focus on preventing and resolving major risks, effectively preventing and resolving illegal investment operations and management risks, and resolutely maintain the bottom line of no major risks. Article keywords: 　Domestic cotton price yarn market