Domestic Cotton Yarn Prices Down, Polyester Staple Prices Higher

< p > < strong > 1. Domestic cotton prices continue to weaken, < /strong > /p >
< p > this week, the market waits for < a href= "http:// www.sjfzxm.com/news/index_c.asp" > cotton > /a > direct subsidy rules promulgated, the whole trend tends to be deserted, and domestic cotton prices continue to weaken. In June 27th, the average selling price of the standard grade lint in the mainland was 17321 yuan / ton, down 0.1% yuan, or 0.1% yuan, or 10% yuan lower than the previous year. The average price of cotton linen in Xinjiang was 29 yuan / ton, or 0.2% yuan, down by 2174 yuan / ton compared with last week. The price of Zhengzhou cotton futures in July was 0.2% yuan / ton, which was flat compared with last week. The price dropped by 3565 yuan / ton compared with last week. The national average price of the cotton trading market in July was 11.0%. yuan / ton, which was down by RMB yuan / ton last week, compared with last week, which was down by RMB yuan / ton, down 11.7%. yuan (/p).
< p > < a href= "http:// www.sjfzxm.com/news/index_c.asp" > National storage cotton < /a > this week, the sales volume of the warehouse is 63 thousand tons, 22 thousand tons less than last week, the reduction is 26%, and the total sales volume of the national cotton store in 2013 is 2 million 37 thousand tons. < /p >
< p > < strong > two, international cotton price goes down < /strong > < /p >
< p > this week, rainfall in Texas, the largest cotton producing state in the United States, has improved the growth environment of crops. The market predicts that the cotton planting area will increase significantly and the international cotton price will drop sharply in the report released by the US Department of agriculture next week. In June 27th, New York cotton futures contract settlement price in July was 80.9 cents / pound, down 6 cents / pound compared with last week. 7%. represents the international average cotton price index (M) of the average port price of China's main port of import cotton based on 1% tariff. The cost of import of RMB is 14411 yuan / ton, down 421 yuan / ton compared with last week, or 2.8% yuan, lower than the domestic market 2910 yuan / ton, the price difference increased 399 yuan / ton compared with last week. < /p >
< p > < strong > three, domestic "a href=" http:// "www.sjfzxm.com/news/index_c.asp" > cotton yarn price < /a > down polyester staple price continues to go higher than /strong > /p >
< p > this week, the domestic yarn and cloth market is still not improving, and the yarn price continues to decline. Oil prices continue to rise, continue to push up PTA prices, polyester staple fiber prices continue to rise. In June 27th, 32 cotton combed yarn prices were quoted at 24590 yuan / ton, down 50 yuan / ton, or 0.2%, down 1310 yuan / ton compared with the same period last year, or 5.1%, and the polyester staple price was 9545 yuan / ton, rising by 60 yuan / ton, or 0.6%, down by 355 yuan / ton, or 3.6%. < /p.
< p > < strong > four, analysis prospect < /strong > < /p >.
< p > the US Markit manufacturing PMI initial value was 57.5 in June, the highest since May 2010, up 1.1 percentage points from the previous month. In June, the consumer confidence index of the consultative chamber was 85.2, the highest in 2008 January, and 3 percentage points higher than the previous month. The euro area June Markit manufacturing PMI initial value was 51.9, down 0.3 percentage points from last month. On the 13-19 day of June 2014, the net contract volume of US cotton exports in the 2013/14 was 800 tons, 98% less than the previous week, and 96% lower than the average level of the previous four weeks. The main buyers were Indonesia, China (300 tons), Morocco, Thailand, Turkey and Taiwan of China. The export volume of us upland cotton exports is 28 thousand and 700 tons, up 6% from the previous week, which is 26% lower than the previous 4 weeks average. It is mainly shipped to China (9 thousand and 500 tons), Mexico, Turkey, Indonesia and Taiwan, China. In late June, Xinjiang cotton direct subsidy rules are about to come out. The market expects that the domestic cotton price will be moved down considerably. Affected by this, domestic textile enterprises insist on "buying and using" with regard to raw material procurement, especially on the outer cotton. It is estimated that the international cotton price will be weak in short time. < /p >
< p > cotton prices will remain weak in China. This week, China's HSBC manufacturing PMI initial value in June was 50.8, the first time in six months, which was higher than 50, up 1.4 percentage points from the previous month. On the basic level, at present, the relevant policies of the upstream cotton market are not yet clear, and the purchase of textile enterprises is mostly associated with buying and selling. Downstream sales are often "running away" because of the boss, and the textile enterprises are hesitant and the superposition effect causes the current cotton textile industry to be rigid and deserted. Within a short period of time, domestic cotton is expected to remain vulnerable. < /p >