The risk of a rebound of the epidemic has risen, and the prices of yarn have weakened

—— China Cotton Market Weekly Report (June 22-26, 2020) 　　 This week, domestic cotton prices fell again, and international cotton prices fluctuated and closed down; international cotton yarn prices remained stable, and domestic cotton yarn prices continued to weaken; polyester staple fiber continued to fall situation.　　1. Domestic cotton prices have fallen again　　 This week, some domestic textile companies have a holiday on the Dragon Boat Festival, and trading has gradually weakened. The rebound of overseas epidemics has aggravated market demand concerns. Zheng Cotton has fallen for three consecutive days, and the lint spot has fallen slightly. The main contract settlement price of Zhengzhou cotton futures was 11,732 yuan/ton, down 113 yuan/ton from the previous week, or 1.0%; the average price of the national cotton price index B, which represents the mainland standard-grade lint market price, was 11,857 yuan/ton, down 49 from the previous week. Yuan/ton, a decrease of 0.4%.　　2. International cotton prices fluctuated and fell　　This week, dragged down by the global epidemic and the trade dispute between the US and Europe, US stocks stopped rising and falling, crude oil suffered a setback, the US dollar index rebounded, and international cotton prices fell. The main contract settlement price of New York cotton futures was 59.5 cents/lb, a decrease of 0.31 cents/lb from the previous week, or 0.52%; the average international cotton index (M) price, representing the average CIF price of imported cotton in China’s main ports, was 69.15 cents/ Pounds, a decrease of 0.23 cents/pound from the previous week, a decrease of 0.33%, equivalent to RMB 12,308 per ton of import cost (calculated at 1% tariff, including port and freight), a decrease of 40 yuan/ton, a decrease of 0.32% from the previous week , The price difference between inside and outside cotton is 451 yuan/ton, and the price difference is expanded by 80 yuan/ton compared with the previous week. 3. Domestic cotton yarn prices continued to weaken, and imported cotton yarn prices remained stable this week. Conventional cotton yarn prices fell along with cotton prices, and sales of pure cotton high-count yarns were still sluggish; a small number of foreign yarns were sold, and Indian cotton yarn prices remained stable after experiencing an increase. Cotton yarn prices in major countries have remained stable, and conventional outer yarns are 402 yuan/ton lower than domestic yarns; downstream weaving mills have reduced production and reduced inventory, and prices of pure cotton have basically remained stable; prices of polyester staple fibers have weakened with the decline in PTA.　　Four. Outlook for the future 　　The epidemic has rebounded, and there are many obstacles to the rise of international cotton prices. Recently, the risk of the epidemic in Europe and the United States has risen. Many states in the United States have suspended or postponed the restart of economic plans. The trade dispute between the United States and Europe and the United States election have begun again. Cotton prices are facing multiple external risk tests. Before the launch of the new cotton, Indian cotton companies sell cotton at low prices. Coupled with the good monsoon climate and the expectation of increased cotton planting area, Indian cotton and cotton yarn prices may continue to be under pressure. With the worsening of the epidemic in the United States and other countries, clothing retail is under pressure to lay off employees and close stores. Buyers have postponed orders for textiles and clothing in the spring of 2021. It is expected that the international cotton prices will continue to fluctuate mainly in the next week.　　 The domestic cotton price trend is cautious, and the external disturbance continues. According to data from the National Bureau of Statistics, the total profit of the textile industry above designated size from January to May fell by 10.3% year-on-year, and the decline narrowed by 9.5 percentage points from the previous month. The sustainability of the profit recovery still needs further observation. Since late June, most cotton areas in northern Xinjiang have continued to have high temperatures and little rain, with sufficient sunlight, and cotton is growing well. Spot sales are still slow. According to data from the National Cotton Market Monitoring System, as of June 28, the ginner still has 772,000 tons of 2019/20 lint for sale. As Zheng Mian fell this week, warehouse receipts continued to flow to the spot, and the number of registered warehouse receipts decreased by 35,000 tons from last week to 858,000 tons. In July and August, the low season for domestic sales of downstream cotton textiles and clothing came, and the phenomenon of domestic cotton yarn and grey cloth products 'degraded' was obvious. Spinning enterprises focused on the production of carded cotton yarn and stepped up their domestic sales in the second half of the year. The epidemic in many overseas countries has rebounded, and the recovery of foreign trade export orders has been significantly lower than expected. Exports to domestic sales will increase the pressure of competition in the domestic market. It is expected that domestic cotton prices may continue to weaken next week. Article keywords: 　 flower yarn price