With more than 19 years of experience in the yarns and textile industries.

LED Effects Light

Trading in the cotton yarn market is picking up, and prices are mainly maintained. Yarn prices are unlikely to rise in the short term

by:Chengyi     2021-03-15
The overall trading of the cotton yarn market has recovered, and the delivery of goods has improved compared with the previous period, and the price has remained stable. The market is currently differentiated. Conventional carded yarns and high-count yarns have improved, while other varieties have not improved. Spinning enterprises still suffer serious losses, maintaining low start-ups and destocking. The market is difficult to reverse in the short term, and it is expected that the pure cotton yarn market will operate steadily.   [Market Overview]    Today, the overall cotton spot transaction is stable and light, and the current pending orders remain stable in the 11900-12150 range of the CF09 contract. Today, Zheng Cotton Futures fluctuated up. CF2009 closed at 12,280 yuan/ton, up 55; CF2101 closed at 12,930 yuan/ton, up 80. Jiangsu direct-spun polyester short semi-gloss 1.4D mainstream 5400-5600 yuan/ton, Hubei pure polyester sewing thread negotiates for delivery, Dayouguang 40S/2 pine cone factory mainstream 14000-14300 yuan/ton, Fujian polyester-cotton yarn maintains stability, TC65 /35 32S mainstream is 13600-13800 yuan/ton.   The viscose yarn market has a quiet trading atmosphere, and the price of viscose yarn is relatively stable. 1.2D viscose yarn is 8800 yuan/ton; the mainstream viscose market transaction is at 8600-8900 yuan/ton.   Today, the prices of various yarns are mainly stable, and the yarn prices have not changed.   Today's import cotton yarn market is generally trading, and prices are stable. The actual transaction price center of the market has moved up compared with the previous period. The market demand in various regions has recovered compared with the previous period, but the market confidence in the gauze sector is still general, and the market outlook is still a game between inventory and demand recovery. The operating rate of cloth factories in various regions has rebounded, and the seasonal month-on-month recovery has been restored.   Today, the external price of imported yarns has increased steadily. With the appreciation of the RMB exchange rate, the current spot ordering cost of most imported yarns is about 100-200 yuan/ton lower than the average ordering cost of about 7 yuan. The prices of Indian external disks are stable and strong. The quotations of traders OEC10S are quite different. Some traders quoted US$1.45/kg, and RMB 12,100/ton after tax. Vietnam's external disk prices are mainly stable, with the factory C32S reported at US$2.28-2.3/kg, and RMB 183-184 million after tax/ton. Pakistan's external disk prices remain stable. The US dollar price of Sirotextile C10S is 350-355 US dollars/piece, and RMB 1.55-15.8 million after tax/ton.   According to the grey cloth price index, the price of grey cloth remains stable. According to the statistics of China Textile City market, the total sales volume of grey fabrics today is 6.48 million meters, an increase of 420,000 meters from yesterday. Among them, chemical fiber cloth sold 4.46 million meters today, accounting for 68.8% of the total sales volume, cotton cloth sold 430,000 meters, accounting for 6.6% of the total sales volume, and rayon cloth sold 490,000 meters, accounting for 7.6% of the total sales volume. [Spread structure and arbitrage analysis]    As of August 21, the domestic CY C32 price is 18,440 yuan/ton (0), the Indian C32S price is 18,300 yuan/ton (0), the spread is 140, and the Vietnamese jet C32S price is 18,300 yuan/ton (0) , The spread is 140, and there is no arbitrage opportunity.   [Technical Analysis]    On August 21, the contract price of cotton yarn 01 dropped slightly. The highest price of the day was 19,840 yuan/ton, the lowest price was 19,694 yuan/ton, and the closing price was 19,726 yuan/ton, a decrease of 45 points compared with the previous transaction. The open position was 7,572, an increase of 403 lots compared with the previous trading day. From a technical point of view, the average line of the cotton yarn 01 contract continues to be short-positioned, the price is below the Bollinger track, and the MACD indicator is in a weak area and diverges, and the short-term price is weak. [Operation Suggestions]    Cotton yarn spot transactions have improved slightly, the operating rate has been slightly increased, and the inventory of pure cotton yarn and grey cloth has decreased. Concerned about whether the price can rebound in the peak season of September, technically, the CY101 contract price continues to be weak, ranging from 19000-20150 Yuan/ton; when the price rebounds to above 20150, the yarn mill can sell the inventory to maintain the value. Speculative customers rely on the lower edge of the interval to support around 19000, shortly participate, and break the 18900 stop loss, the position is within 20%, the profit-loss ratio: 3: 1. (For reference only) Key words of the article:  Cotton Yarn Market
Custom message
Chat Online 编辑模式下无法使用
Chat Online inputting...