The yarn market was lightly traded, and domestic cotton prices rose slightly

The domestic market 　　 domestic cotton prices rose slightly, spot market transactions were light, and Zheng cotton futures rose across the board on July 2. The settlement price of Zheng Mian’s main CF009 contract was 11,875 yuan/ton, an increase of 125. China's cotton price index was 11932 yuan/ton, up 43 yuan.　　The price of lint in the domestic cotton spot market has risen from yesterday. Some companies' quotations have risen by around RMB 50/ton. The transaction price of 3128B grade lint is 11910-12000 yuan/ton. At present, textile companies maintain just-needed purchases, and are relatively favored by reserve cotton. They are not enthusiastic about spot purchases, and market transactions are light.　　 It is understood that the price of lint to the factory for sale in Hebei has risen today. Affected by the dual factors of reserve cotton trading and Zheng cotton futures prices rising, the spot market quotations have risen, but textile enterprises have more choices for cotton, and there are fewer spot purchases, and the spot market has remained deserted and depressed.　　 Jiangsu Province today, the sales price of lint to the factory is stable. Individual textile companies are eager to purchase cotton with an appropriate price increase of 100 yuan/ton. Most textile companies have low stocks of raw materials, so they should purchase them appropriately when prices fall. The overall spot market transactions were light.　　International market　　Spot delivery continued to be slow. Traders lowered the basis for the purpose of taking the goods. 　　 The ICE futures cotton market closed up again on the first trading day in July. The settlement price of the main December contract was 62.76 cents, an increase of 188 points from the previous trading day. The imported cotton price index quotation followed the upward adjustment of futures, and the M-grade quotation was 70.16 cents per pound, an increase of 1.51 cents from the previous day.　　 From the perspective of market quotations, except for the continued strong basis of U.S. cotton, most of the other varieties have been adjusted downwards to varying degrees. At present, the recent shipments of US cotton M-class quotations for this year have remained stable, and the contract premium for the December contract in New Zealand remains unchanged at around 1100 points. The basis of other major varieties has been reduced to varying degrees. At present, Australian cotton and new cotton have been listed one after another, and the SM-level market quotations ranged from 2000 to 2400 points; the M-level basis of Brazilian cotton and new cotton has weakened again in 20 years, and the quotation has been weakened again. Around 600 points; out of willingness to sell Indian cotton, the basis is lowered to only around 100 points.　　 From the perspective of the situation, the spot sales of imported cotton will inevitably be affected by the selling of domestic reserve cotton. According to market feedback, some long-term shipments of US cotton and Australian cotton have heard of transactions.　　 Yarn market 　 　 Yarn market transactions were weak and prices fell steadily 　 　 Today cotton yarn futures September contract settlement price 19180 rose 105, the January contract 20160 rose 65, 7588 transactions, and 8622 positions. In today’s yarn market, the prices of all cotton yarns have dropped slightly, especially for open-end spinning, high-count, combed, etc. Most manufacturers have lowered their prices. The Guangzhou market has 40 high-end prices, and the market price is about 20,500 yuan/ton, including tax. Manufacturers cut the price by 50-100 yuan/ton, combing 40S, the market price is about 21,900 yuan/ton, and the price is about 100 yuan/ton, Jiangsu market, air-spun 10S, the price is mainly about 11800-12,000 yuan/ton, some manufacturers The price will be lowered by around RMB 50/ton. The main transaction in the market is still full cotton yarn 32s, 32s high-match, mainly for sweater fabrics, etc. Carded 32s is about 18600 yuan/ton, 32s high-match yarn, the price is about 19500-20000 yuan/ton, the manufacturer said, the price is negotiable .　　Macroeconomy　　 1. State Council executive meeting: To do a good job of 'six stability' and 'six guaranteesA certain amount will be arranged in this year's new local government special debt limit, allowing local governments to explore new ways to rationally supplement the capital of small and medium-sized banks by subscribing to convertible bonds in accordance with laws and regulations. Give priority to supporting small and medium-sized banks with sustainable market-oriented operation capabilities to supplement capital, and strengthen their ability to serve small, medium and micro enterprises and support employment protection.　　 In February and June, the Caixin Manufacturing PMI recorded 51.2, an increase of 0.5 percentage points from May, the highest this year, and it has been in the expansion range for two consecutive months. The domestic economy continues to repair in the post-epidemic era, and both sides of supply and demand are improving simultaneously. Employment pressure still cannot be ignored, and the task of promoting employment will still be arduous and onerous for some time to come. Article keywords: 　絲市