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With over 19 years of experience in the yarn and textile industry.

Inquiry atmosphere for imported yarns is slightly improved, and some small transactions--SICE Daily Quotes (4.8)

by:Chengyi     2021-03-15
Domestic '1.3128B cotton 11309 rose 93; 1.5D viscose staple fiber 8600 flat; 1.4D polyester staple fiber 5850 flat; pure cotton yarn C32S 19100 fell 50; rayon yarn R30S 13200 flat; pure polyester yarn T32S 10500 rose 150. 2. The cotton spot market continues to adjust, and merchants dominate shipments. At present, multi-based spreads and spreads are basically unchanged. The actual price is adjusted with futures, but the overall transaction is scarce. A merchant in Qingdao, Xinjiang cotton machine picking double 28-level Xinjiang warehouse The basis offer price is 300-500 yuan/ton, and the discount is about 11400-11600 yuan/ton in the end. The quotation of a Shandong-based company in Nanjiang hand picked 3128 strong 26 basis is around 300 yuan/ton, which is currently about 11,400 yuan/ton. Today, Zheng Cotton Futures has seen a relatively strong rise, and market attention has increased. At present, long-term entry is mostly dominated by non-industry funds, and there is also a rebound demand from short-term historical lows. 3. The viscose staple fiber market is weak, the downstream market performance is bleak, the spinning mills are expanding, the demand is shrinking, and the viscose staple fiber factories are unable to produce goods, the inventory is high, most of the raw materials in the industry still maintain normal production, and there is no response to reduce burden Measures. At present, the price of mid-end viscose staple fiber is 8600-8800 yuan/ton, and the price of high-end viscose staple fiber is 9000-9200 yuan/ton. 4. Zheng Mian’s main 2009 contract Masukura increased its volume, closing at 11505, +2.91% from the previous trading day; the highest reported 11750, the lowest reported 11040; the trading volume was 705411, holdings 344367, +38244; CF5-9 month spread 425, +30 .   5. Today's PTA futures fluctuated, and the quotations of polyester filament factories in the Zhejiang market continued to be stable. Downstream textile companies still focus on digesting inventories, they are not very enthusiastic in purchasing, and their cautious wait-and-see attitude is obvious. The trading atmosphere in the polyester filament market is dull, and factory production and sales are low. It is expected that in the short term, polyester yarns will focus on mild finishing. At present, the mainstream quotations for POY 100D/36F are between 5450-5600 yuan/ton, the mainstream for FDY 75D/36F are between 6100-6250 yuan/ton, and the mainstream for DTY 75D/36F are between 8400-8600 yuan/ton. 6. China Textile City increased its customers, with a total turnover of 6.22 million meters, including 4.19 million meters of filament cloths and 2.03 million meters of staple fiber cloths, including 460,000 meters of cotton cloth, 240,000 meters of TC cloth and 22 meters of TR cloth. , R cotton 460,000 meters, the other 650,000 meters.  International  1.7-day ICE futures cotton market has fallen and has risen far. The main May contract settlement price was 52.9 cents, down 15 points; the July contract settlement price was 53.16 cents, up 8 points; the December contract settlement price was 54.48 cents, up 36 points. Other contracts rose 5-46 points.   2. India's cotton spot quotations on Tuesday remained unchanged. The pick-up price of S-6 ginner is 36,100 rupees/Kandi, which is 60.70 cents/lb; the price of Punjab J-34 is 3705 rupees/Mend, which is 59.40 cents/lb. At present, India is generally concerned about the export situation after the blockade was lifted on April 14 local time. 3. According to data from the Alexandria Exporters Association (Alcotexa), as of the week of April 4, Egyptian cotton contracted to export only 25 tons of Giza 94 (FOB, 109 US cents/lb), and this week’s export volume increased slightly compared with last week. Compared with the same period last year, it has nearly doubled. This year, a total of 62,100 tons of contracts were signed for export, a 21% decrease year-on-year. The shipping volume is 31,200 tons, and the shipping rate is 50%.  4. The spot market for imported yarns is generally traded, and the price remains weak. The quoted price and the transaction price are quite different. A few traders have bottom-hunting actions, and most companies still have no confidence in demand. The rise in cotton prices has little stimulus to the downstream, and the situation where there is no demand in the market has not changed. The quantity of cotton yarns arriving in Hong Kong has decreased, but the partial demand continues to weaken, the inventory decline is not obvious, and the overall market pressure is still heavy.  5. Today, the external price of imported yarn remained stable, the inquiry atmosphere improved slightly, and there were a small amount of transactions in some parts.   Vietnam’s external quotations remained stable, and transactions were light. The price of C32S package floated by some factories is US$2.4/kg, and RMB 19,500/ton after tax. The start-up of factories has remained stable compared with last week, and some factories plan to further reduce production from mid-April to the end of April.   Pakistani yarn external disk trading has improved, but the purchase is still small. The second-tier mainstream Siro spinning C8S is quoted at USD 360 per piece, and RMB 16,100 per ton after tax. The second-tier mainstream Siro spinning C16S is quoted at US$405/piece, and about 18,100 yuan/ton after tax.   There are not many quotations on the external market in India, and the factory has reported that the inquiries have increased recently, but the buyers hesitated to purchase, and the overall transaction is still light. The local trader C16S jet quoted USD 2.15 per kilogram, and RMB 18,100 after tax per ton.   6. Today, the arrival price of foreign cotton is flat. Indian cotton Shankar-6 1-5/32 will be quoted at 69 cents/lb during May/June, 13738 tons under the discount rate; 11978 yuan/ton at the port under the 1% quota tariff. U.S. cotton EMOT SM will be quoted at 65 cents/lb during May/June for shipment, 13382 yuan/ton under discounted tax; 11,295 yuan/ton from the port under 1% quota tariff. Brazil’s SM shipment price is 64.6 cents/lb in May/June, 13345 yuan/ton under the discounted tax; the port’s self-increasing price is 11227 yuan/ton under 1% quota tariff. Article Keywords:  Imported Yarn
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