Will The Cotton Market Keep The Cotton Yarn Warm Or Steady?

The difference between inside and outside cotton prices continued to shrink, cotton prices rose significantly, the market enterprise procurement was relatively positive, commodity cotton spot price quotes strong, sales progress slightly improved.

The price of cotton yarn in the lower reaches showed a steady weakening trend. According to the price monitoring of the business community, the average price of the 21S cotton knitted yarn with high quality knitted yarn was 23762.50 yuan / ton as of April 21st, which was 0.11% lower than that at the beginning of the week.

Cotton yarn turnover is getting weaker, pure cotton cloth sales are stable, short term orders are mainly, stock pressure.

On April 19th, Premier Li Keqiang chaired a State Council executive meeting, decided to introduce further tax reduction measures, and continue to promote the real economy to reduce costs and increase stamina.

According to the spirit of the meeting, the cotton value-added tax will be reduced from 13% to 11%, starting from July 1st this year.

The state tax reduction measures theoretically reduce the circulation cost of cotton. For trade enterprises, such as cotton 15500 yuan / ton purchase, the price is sold at 16500 yuan / ton, the value added part is 1000 yuan / ton, the tax payment is reduced from 130 yuan to 110 yuan, and the cost is reduced by 20 yuan.

Although there is no substantial positive effect on textile enterprises for the time being, in the long run, the favorable policies in the upstream link will also help reduce the cost of textile enterprises and enhance their competitiveness.

The downstream fabric and fabric stop rising and warming, which is conducive to the upstream cotton yarn.

Recently, the volume of fabric and fabric continues to rise. Especially, some yarn dyed fabrics are very active, and the volume of cotton fabric has also increased.

In terms of price, most grey fabrics also stabilized.

21, a factory in Shandong C 16x16 60x60 63 "price 7.69 yuan / m, R 30x30 68x64 67" price 5.45 yuan / m, are flat compared to the previous few days; a factory in Jiangsu C 7x7 68x38 63 "3/1 denim price 9.51 yuan / m, fluctuation is not big."

Because

Sales rise, prices stabilize, some manufacturers are warming up orders, which brings benefits to the upstream cotton yarn, and some cotton mills are also accelerating the sale of cotton yarn.

Imported yarn is in a difficult position, and the competition pressure on domestic yarn has been weakening.

According to port traders feedback, the recent inquiry and export of conventional yarn in the port continued to decline, of which Vietnam, Indonesia and India origin cotton yarn is "cold pressing".

In addition, almost no foreign trade futures yarn has been concluded recently. Besides, the high price of cotton yarn FOB, CNF and CIF and the need for 40-60 days in advance to make Chinese textile factories, traders attention and signing enthusiasm continue to decline, all of which bring good results to the sales of domestic yarn.

Some traders believe that the cost of imported yarn has risen sharply, resulting in an internal and external yarn price upside down 1200-1300 yuan / ton, the competitive advantage of domestic yarn is obvious, and many imported yarn old customers are also turning to domestic yarn.

Frequent profits are the best opportunity for home-made yarn to rebound or even rebound.

according to

And parts of textile enterprises such as Ji Lu, at present, most of the enterprises are running at full capacity, yarn orders have been extended to 7-8 months.

It is because there are so many good, it is expected that in the near future, cotton will rebound.

"In fact, the price of some pure cotton yarn and blended yarn has already stopped."

On the 21 day, a textile manufacturer in Shandong said that the price of their combs C21S and 32S were 22000 yuan / ton, 23700 yuan / ton, and the prices were stable.

"I believe this is a good start."

The person in charge said.

domestic

After nearly February weak shocks, the air is not in the air, spinning enterprises have stocking demand, resulting in a rebound in cotton reserves, Zheng cotton warmer, cotton spot stabilized.

The downstream cotton yarn market is weakened by downstream demand weakness, which is weak for domestic cotton prices.

Generally speaking, the cotton market is out of order. Zheng cotton and ICE cotton are rising. It is expected that the cotton market will keep warm in the next week.

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