Increased inventory pressure in spinning mills, domestic cotton prices rose slightly

In the domestic market, domestic cotton prices rose slightly. Spot transactions were slightly better than yesterday's June 30 Zheng cotton futures rose slightly. The settlement price of Zheng Mian’s main CF009 contract was 11,710 yuan/ton, an increase of 30. China's cotton price index was 11866 yuan/ton, up 3 yuan.　　 The price of lint in the domestic cotton spot market was stable and slightly increased. The quotations of some companies increased slightly by 30-50 yuan/ton, and the transaction price of 3128B-grade lint was 11860-11950 yuan/ton. At present, textile companies tend to buy as they use, and the spot market transaction volume is slightly better than yesterday.　　 It is understood that today, the lint sales quotation to the factory in Hebei is stable. The sales quotations of cotton enterprises remained unchanged from yesterday. There are not many transactions in Xinjiang cotton at spot prices, and there is no transaction in real estate cotton, and the market transaction volume is small.　　 Today, the spot price of lint in Zhejiang area increased slightly, and some companies' quotations increased by about 50 yuan/ton from yesterday. The spot market transaction volume was relatively better than yesterday. There are currently various rumors about the release of reserve cotton. For the release of reserve cotton, enterprises are polarized, some expect and some do not. Local textile companies expressed their hope that they could wait until a lower price is reached.　　International market　　The spot transaction has almost stagnated and the quotation has not seen any significant adjustment.　　The ICE cotton futures market fell far and rose on June 29th. The settlement price of the main December contract was 59.63 cents, an increase of 13 points from the previous trading day. The price index of imported cotton was under pressure and the price of M grade was 67.84 cents per pound, down 0.38 cents from the previous day.　　 From the perspective of market quotations, there has been no significant adjustment overall. The overall basis trend of U.S. cotton is relatively strong. The recent shipment M-grade quotation is around 1100 points; Australian cotton and new cotton have successively arrived in Hong Kong, and the SM-grade quotation remains in the high range of 2250-2400 points; this year, Indian cotton continues to sell at low prices, ready-to-install M The median quotation of the grade is unchanged at around 63.00 cents; the basis of Brazilian cotton continues to be weak due to the market squeeze, and there is a further downward trend. The premium of the quotation of the M grade in the New Zealand December contract is currently around 700 points.　　 The spot transaction is almost stagnant. Disturbed by various recent rumors, the market generally has a strong wait-and-see situation and is reluctant to make purchases easily. According to market feedback, the factory has signed a contract for long-term shipment of Australian cotton due to the production of rigid needs. Others have not heard of a large number of transactions.　　 Yarn market 　 　 Yarn mill inventory pressure increased. Carded low count is better than combed high count. Today’s cotton yarn futures September contract settlement price of 19065 closed flat, January contract 20040 rose by 45, traded 5820 lots, and positions held 8,454 lots. Today’s yarn market is basically unchanged from yesterday, and the increase in yarn mill inventories has also led to increased pressure. The quotation of pure cotton yarn in Xiaoshao and Shaoxing areas is stable, and transactions are still light; market orders are still dominated by some autumn and winter, carded 32S pure The price of cotton yarn is about 18,600 yuan/ton, and the price has a partial drop of about 50 yuan/ton; the price of combed 40S pure cotton yarn is about 21,900 yuan/ton, and the price of open-end spinning 10S pure cotton yarn is about 11,800 yuan/ton. Basically stable.　　Industry Information 　　 1. According to the latest statistics from the Ministry of Agriculture of India, as of the week of June 25, the area of u200bu200bcotton planting increased by 4.291 million hectares to a total of 7.1692 million hectares, and the cotton planting progress was about 1.65 times higher than the same period last year. In particular, the Mabang area has effectively used the large amount of rainfall brought by the southwest monsoon this year, and the number of cotton farmers and the planting speed have been greatly increased. The dry weather was still dominated in the northern and central regions last weekend.　　2. Recently, most of the main cotton-producing areas in Pakistan have continued to be hot and dry. The cotton planting work in the new year has been basically completed. Among them, the early sowing cotton plants in the southern part of Sindh are growing well, and the cotton farmers are relatively satisfied. Thanks to good weather conditions, cotton plants in other cotton areas also grow healthily. However, there are recent reports that most cotton areas are infested with locusts. Cotton farmers will pay close attention to the locust plagues this month and next month, and express concern about the long-term impact. The output still maintains the same expectations as last year. Article Keywords: 　Cotton Yarn