Domestic Small And Medium Sized Mills "Retreat" Xinjiang Cotton Prices Continued To Decline.

After November, domestic and international orders will gradually enter the off-season, and the demand for medium and low count yarn is deteriorating. Under the premise of internal distress, cotton prices will not end.

For the trend of imported cotton yarn in mid 10 months, traders generally do not think they have bottomed out.

According to Guangzhou, Qingdao, Shanghai and other places.

Businessmen reflected that this year's national day finally set a big holiday for themselves. On the 7-8 day of October, cotton yarn search, quotation and shipments were gradually resumed. On the one hand, after September 25th, the small and medium-sized weaving factories in Jiangsu, Zhejiang, Guangdong, Shandong, Henan, Hebei and other places gradually entered the "dormancy" state, and the inquiry and procurement basically stopped. On the other hand, on October 1-7, ICE futures contracts realized "five plus Yang", and December contracts broke 60 points / pounds, 61 cents / pounds, 62 cents / pounds and other integer entries. Some foreign cotton mills and exporters adjusted cotton yarn and grey cloth quotes.

市场呈现三个特：一是考虑到2016年棉花进口配额或仅限于89.4万吨(1%关税)，且国营比例约33%，因此大部分棉花进口商、中间商都将成为配额的“看客”，而国家有关部门仍无意对进口棉纱、进口棉布设限或提高门槛，因此棉花、棉纱及棉布上下游一起操作成为棉花进口企业的主要选择;二是外纱FOB、CIF报价随ICE、印度国内棉价的下跌而整体下滑500-800元/吨，但国内纱价则因“双28”“双29”等高品级新疆棉供应紧张而低幅下探，内外棉纱差价进一步扩大至1000元/吨以上(C32S及以下)，棉纱进口量“井喷”;三是C32、C21及以下支数棉纱阵地已被印巴等东南亚、中亚(主要是乌兹别克斯坦、阿塞拜疆、土库曼斯坦等)、南美等国的纱厂完全占领，并且印度、越南、印尼、台湾等产地C40、C50S高支纱的询价、关注度也有明显提高，国内中小纱厂可谓“节节败退”。

Cotton mills in Shandong, Hebei and other places indicated that the quotation of C40S, JC40S and BJC40S yarn in the early part of October was greatly reduced. On the one hand, the high count yarn and combed yarn order fell to the top, and the market demand declined.

On the other hand, the price of domestic Xinjiang cotton continued to decline. On the 7-8 day of October, the gross domestic product of gross domestic product (GDW) had dropped to 13000 yuan / ton below grade 3128, and the price of RMB for the US cotton, Australian cotton and Brazil cotton has been reduced by 300-400 yuan / ton, and the bonded quantity of the outer yarn has been stabilized at more than 95 thousand tons.

On October 7-8, the quotations for KD32S and KD21S yarn in Qingdao port were 19500 yuan / ton and 17400 yuan respectively, which was another 100-200 yuan / ton lower than that in late September. Because of the continued lack of attention in the domestic cotton and cotton yarn Market in 10 and November, fast signing and fast shipping are the thoughts of most cotton traders.

The main cotton producing area and India's MSP, storage and storage policies will soon be launched and so on. If we can't break through and stabilize 63 cents per pound or fall to 61 cents / pound, 60 cents / pound below, on the other hand, we will not worry about the decline of China's economic growth and the decline of China's cotton and cotton yarn consumption ability. The closure of the weaving mills, printing and dyeing mills and garment factories is only a "corner of Taishan". In addition, the US dollar interest rate hike has always been a sharp sword hanging on commodities, cotton and so on. At any time, the possibility of dropping is possible. For the trend of imports of cotton yarn in late 10 months, traders generally do not think they have bottomed out. On the one hand, ICE's short-term rebound is mainly affected by the United States and China.