Futures closed up across the board 　 entered the June yarn market, the transaction gradually weakened

The domestic market 　　 cotton spot continued to rise, market transactions were scarce. On June 3, Zheng cotton futures closed up across the board. Zheng Mian’s main 09 contract settlement price was 11,735 yuan/ton, an increase of 25 yuan/ton. China's cotton price index was 11,903 yuan/ton, up 108.　　 The price of lint in the domestic cotton spot market continues to rise as a whole. The quotations of some cotton enterprises are raised by about 50-100 yuan/ton from yesterday. The transaction price of 3128B grade lint is 11930-12000 yuan/ton. Textile companies are not enthusiastic about purchasing, and the spot market transactions are scarce. China's cotton price index and the price from the province to the factory China's yarn price index China's yarn price index cotton sub-price international market imported cotton has not improved, and the basis of some varieties has been slightly lowered. On June 2, the ICE futures cotton market continued to rise, and the main force was settled in July. The price was 60.37 cents, an increase of 31 points from the previous day. The imported cotton price index was raised following the New Zealand futures, and the M grade was reported at 69.01 cents per pound, up 0.25 cents from the previous day.　　 From the perspective of market feedback, although futures prices have continued to rise in recent days, they are still pessimistically affected by later expectations, and the market does not buy into this round of rise. The quotations of some varieties of imported cotton have not been raised closely following the pace of futures, and traders have promoted sales by lowering the basis. But judging from the transaction situation, it is still not very optimistic. At present, Indian cotton continues to sell at a low price, and the basis remains at around 200 points for the New Zealand July contract premium, which is about 50 points lower than last week; while the Brazilian cotton basis has not been significantly adjusted and remains at around 600 points; Australian cotton basis The price difference is around 2300-2400 points. Imported Cotton Price Index (FC Index) 　　 Imported Cotton Yarn Price Index (FCY Index) 　　 Yarn market, the cotton yarn market is basically stable, polyester staple fiber prices rise today, cotton yarn futures, the settlement of the 09 contract 19430 rose 15, the January contract 20180 rose 80, and the transaction was 6039 , Position 8823. Today, in Xiaoshan survey, companies generally respond that the yarn market has gradually weakened in June. Today, the overall transaction in the Xiaoshao market in Zhejiang is scattered and sparse. There is no major change in mainstream transactions. The 32s high distribution and 40 combs are still the main ones. There is no change in the quotation for the products that are available for delivery. The downstream fabric factories responded that although foreign trade orders have recovered somewhat, the overall situation is still deviating, and the procurement is mainly based on just-needed replenishment. Today, some chemical fiber factories said that the current PTA is strong, and some chemical fiber manufacturers have raised the price of polyester staple fiber by 100 yuan/ton, and that of Jiangsu and Zhejiang polyester staple fiber is around 5800-5850 yuan/ton. Downstream means fewer orders. However, rising raw material prices and rising costs have severely squeezed profit margins. Most manufacturers have high inventories and still focus on destocking.　　Industry Information　　 1. Brazil exported 69,500 tons of cotton in May, a decrease of 23% from the previous month and a decrease of 16% from the same period last year. A total of 1.8396 million tons of cotton was exported this year, an increase of approximately 63% year-on-year. 2. According to the feedback from farmers in Shawan County, as of early June, cotton plants have generally grown to 25-35 cm, with 3-4 buds and 2-4 fruit branches. The overall growth is prosperous, and some cotton farmers plan to spray melanine in advance. Adjust, stabilize the growth, promote the secondary development of cotton root system, and strive to achieve more buds. Article keywords: 　 June yarn market