The Yarn Market Is Running Weak, The Price Of Polyester Yarn Is Up, And The Viscose Test Is On The Rise.

Pure cotton yarn market turnover and change before the festival is small, still can take a small amount of goods, the price is weak. At present, the conventional combed pure cotton yarn is relatively acceptable, while the remaining goods are relatively light. Cotton prices are rising, textile enterprises are now making profits and losses, and cotton purchasing intention is generally not high. Downstream orders continued to improve, textile enterprises stock rose, the pure cotton yarn market is expected to remain weak.

[market overview]

　　 Cotton transactions continue to weaken today, enquiries are cold and fresh, fewer new bills; the current number of spots is mostly below 09 contracts 11600 and below; a small part of the current price is traded, and most of them are just needed to replenishment of textile enterprises. Today, Zheng cotton futures rose slightly, CF2005 closed 11280 yuan / ton, up 110; CF2009 received 11655 yuan / ton, up 115.

Direct spinning polyester and short price stability, half light 1.4D mainstream trading center maintained at around 5600-5800 yuan / ton. Fujian pure polyester yarn price stability, T32S mainstream 9600-9800 yuan / ton, Shandong cotton yarn quotes part of the increase, TC65/35 32S mainstream newspaper 14200-14500 yuan / ton.

Viscose staple fiber market is weak, chemical fiber factory inventory pressure is larger, at present, the intention of letting the goods shipped higher, downstream customers in a difficult period, purchasing power significantly decreased, the current end of viscose price in 8500-8700 yuan / ton, high-end viscose staple fiber price 8800-9000 yuan / ton.

　　 After the May 1 holiday, the stock and load decreased. Most of them are allowed to ship, but because of limited market demand, most of them are allowed to ship, and yarn prices are generally weak.

　　 Today, imported cotton yarn is generally traded, and prices continue to weaken. The market is quiet and weak, and demand is still sluggish. Cloth factory to maintain small single need to purchase. Due to the recent decline in the US dollar price, the price of the foreign exchange market has dropped more locally. The increase in US dollar purchases by local traders is mainly based on India yarn and yarns. At present, the price of the external market has a certain profit compared with the domestic spot price. The decline in the external market is mainly due to the resumption of some factories and the accumulation of enterprise inventories. It is difficult to resume the operation of the external disk, and some of them may even be shut down.

The price of India has been cut down. There are some transactions in China. The price of C21S $2 / kg is about $16 thousand and 900 / ton after tax, and the turnover is light. Vietnam's external market price is stable, and the turnover is light. The general quality of factory OEC21S dollars is quoted at 1.55-1.6 USD / kg, RMB 1.27-1.31 after tax. The price of Pakistan's external market is stable, and individual traders still have high quotations. There are new orders in China, and siro spinning also has a large number of default. Siro spinning C10S US $360 USD / kg, RMB after tax is about 16 thousand and 200 yuan / ton, turnover is light.

　　 According to the volume statistics of China Textile City, the total sales volume of grey cloth today is 7 million 650 thousand meters, an increase of 1 million 340 thousand meters compared with yesterday. Among them, 5 million 170 thousand tons of chemical fiber cloth were sold today, accounting for 67.6% of the total sales, and 520 thousand tons of cotton cloth, accounting for 6.7% of the total sales, and 550 thousand tons of cotton cloth, accounting for 7.2% of the total sales.

Pricing structure and arbitrage analysis

　　 As of May 8th, the domestic CY C32 price was 18730 yuan / ton (0), the India C32S price was 18500 yuan / ton (-200), the price difference was 230, there was no arbitrage opportunity at present.

[technical analysis]

　　 In May 8th, the price of cotton yarn 09 contract rose, the highest price was 19095 yuan / ton, the lowest price was 18855 yuan / ton, closing price was 18950 yuan / ton, compared with the previous trading day, it rose 110 points, holding 7214, compared with the previous trading day increased 220 hands.

[outlook]

The stock market is still on the rise due to the lack of demand in the yarn market, and the market sentiment is pessimistic at present. After the rapid rise of polyester staple fiber, the downstream will enter the wait-and-see digestion period, and the short-term sideways will be arranged. It is advisable for speculators to wait and see. (for reference only)