Inventory pressure on the internal market of imported yarn continues--SICE Daily Market Update (3.18)

Domestic '1.3128B cotton 12273 flat; 1.5D viscose staple fiber 9300 flat; 1.4D polyester staple fiber 6010 drops 20; pure cotton yarn C32S 20400 drops 50; rayon yarn R30S 14050 flat; pure polyester yarn T32S 11000 flat. 2. The price of the cotton spot market is relatively stable. A merchant's Xinjiang cotton machine picking 3128 Xinjiang Kuji is around 300-500, which is about 11800-12000. The actual order is negotiated, but the downstream new orders are not good, and the purchase is extremely cautious. Mainly wait and see. 3. The market for viscose staple fiber remained calm. The overall order quantity was average, and some factories signed an increase. Some downstream users have begun to place appropriate orders with the digestion of raw materials in the early stage. However, the overall fundamentals have not changed much, and the inventory of each factory is maintained. High position. At present, the price of mid-end viscose staple fiber is 9300-9400 yuan/ton, and the price of high-end viscose staple fiber is 9500-9600 yuan/ton. 4. On Wednesday, Zheng Mian’s main 2005 contract to lighten up the increase, closing at 11530, +.09% from the previous trading day; the highest reported 11675, the lowest reported 11350; trading volume 378650, holdings 362077, -33248; CF5-September spread of 460, -10.　　 5. Crude oil prices continued to decline, and PTA futures were not trending well. Today, the quotations of Jiangsu polyester filament factories mostly remained stable, with slight downward adjustments in some areas, and actual transaction gains were common. Lack of raw material support, downstream textile companies are cautious in purchasing and have a strong wait-and-see mood. It is expected that the polyester filament market will remain weak in the short term, and the focus of transactions may go down. 6. China Textile City increased its customers, with a total turnover of 5.43 million meters, of which 3.43 million meters of filament cloths and 2 million meters of staple fiber cloths, including 450,000 meters of cotton cloth, 320,000 meters of TC cloth and 450,000 meters of TR cloth , R cotton cloth is 310,000 meters, the other is 470,000 meters.　　International　　 1.17 The ICE futures cotton market continued its downward trend. The May contract settlement price was 57.92 cents, down 88 points; the July contract settlement price was 58.35 cents, down 76 points; the December contract settlement price was 59.10 cents, down 59 points. Other contracts fell 22-57 points.　　2. On Tuesday, the spot price of Indian cotton was firm, and the pick-up price of the S-6 ginning factory was quoted at 38,450 rupees/candi, or 66.25 cents/lb. The price of Punjab J-34 was quoted at 3980 rupees/Mende, or 65.35 cents/lb. The amount of seed cotton on the market that day was about 20,000 tons of lint cotton, including 5,610 tons in Gujarat, 5,440 tons in Maharashtra, and 2,975 tons in the northern region.　　 3. Imported yarn spot market sentiment is poor, inventory pressure continues, and demand recovery is hopeless. The main reason is that the fabric factory continues to accumulate inventory, and the fabric factory's start-up may decrease in the future. The price of Siro spinning JC32s in the Guangdong market is around 22,000 yuan/ton, the grey fabric market is very light, and cotton yarn sales are not good; the mainstream Vietnamese C32s in Jiangsu and Zhejiang regions are priced at 20,000-20500 yuan/ton, the price is weak; the mainstream imports of Indian C21s in Qingdao The price of the machine is 19,000 yuan/ton.　　4. External disk prices continue to be weak, and foreign factories and traders are expected to be more pessimistic. With the decline in spot prices and domestic yarn prices, the price of imported yarn in US dollars continues to be under pressure.　　Indian external disk prices are stable but weak. In the face of more defaults in China, sellers are cautious in quoting. The mainstream JC32S is currently quoted at US$2.76/kg, and RMB 23,000/ton after tax. The transaction is light.　　 Vietnam’s external sales continued to be lightly traded, and it was difficult for factories with poor quality to sell. It was heard that individual factories were not sold out in February, and factory inventory was gradually accumulating. The factory C16S can be floated at US$1.79/kg, and RMB 14,500/ton after tax. The transaction was light.　　 Pakistan yarn is weak in the outer disk, and recent factory orders are light. The price of C10S from the factory Siro is 390-400 US dollars per kilogram, and RMB 1.74-17.8 million per ton after tax.　　 5. The quotation of foreign cotton to Hong Kong dropped slightly today. Indian cotton Shankar-6 1-5/32 will be quoted at 68.50 cents/lb in April/May for shipment, 13672 tons under discounted tax; 11,840 yuan/ton at the port under 1% quota tariff. U.S. cotton EMOT SM's quotation for shipment from April to May fell 1 cent at 70.75 cents/pound, and the quoted price at 13877 yuan/ton dropped 97 yuan under the discounted tax; the port reported 12,222 tons at the 1% quota tariff, down 170 yuan. Brazil’s SM shipment price for April/May was 70.5 cents/pound down by 0.75 cents, and the quoted price at the discount rate was 13,852 yuan/ton, down 73 yuan; under 1% quota tariff, the port’s self-increased price was 12180 yuan/ton down by 127 yuan. Article Keywords: 　Imported Yarn