The Reserve Price Of Cotton Reserves Is Down Again This Week, And Cotton Prices In Southwest China Fluctuated Slightly.

The reserve price of 2016/17 cotton reserve is 15360 yuan / ton (standard class price), which is 131 yuan lower than last week's price, and the reserve price of cotton reserve is down again this week.

Today, the total output of cotton reserves is 29 thousand and 500 tons, of which 13 thousand and 400 tons are listed on Xinjiang cotton.

Last week, the amount of new cotton listed in reserve cotton was decreasing day by day. On Friday, the listing volume recovered, but the market still worried that the progress of Xinjiang cotton in the reserve cotton could not keep pace with the decrease in the listing of new cotton in Xinjiang.

Listing volume.

Recently, the daily turnover of cotton reserves fluctuated at about 20 thousand tons, and the turnover rate was 65%. Up to a slight drop after the rise in the paction price, the high position was around 16 thousand and 300 yuan / ton, down 400 yuan / ton compared with the end of last month, with a low level of around 13 thousand and 700 yuan / ton, down 200 yuan from the end of last month.

Sichuan textile enterprises rarely traded, the provincial cotton division recently auction the highest price of 16 thousand and 100 yuan / ton, storage for the Korla library, according to the relevant textile enterprises, in the Sichuan spot may sell to 1.68-1.69 million yuan / ton.

At present, the freight volume from Xinjiang to Sichuan is about 600-700 yuan / ton, and the auction price plus the outgoing warehouse fee + service charge + capital interest + freight - outbound subsidy, the total price is up to 16 thousand and 800 yuan / ton.

But on the market

Second hand goods are many, the quality gap is quite big, the price is also very chaotic, the textile enterprise purchase is quite cautious, the use high cotton's enterprise is not many, the mainstream price concentrates in 16 thousand and 500 yuan / ton.

This week, the company's prepaid price of 8100 yuan / ton was 50 yuan lower than last week.

At present, yarn and cloth market is not very optimistic, raw materials of textile enterprises basically maintain low inventory, and affected by the fluctuation of international crude oil prices, so the overall trend of chemical fiber market is tired.

According to the relevant textile enterprises, the provincial foreign chemical fiber enterprises have 7700 yuan / ton willing to deliver goods, but must pay the full payment first.

Small and medium-sized textile enterprises in Sichuan basically have no such capability, so they only use small quantities of agents in the province's market.

The supply and demand of Sinochem polyester staple fiber is basically stable, and the spot price is still around 6500 yuan / ton.

The yarn and cloth prices of textile enterprises were basically stable, and the quotations were unchanged from last month.

Correlation

Introduction, cotton prices rose more vigorously last month, polyester staple fiber also followed, but the price of yarn and cloth can not be raised at all.

Compared with April, the yarn and cloth market was weak in May, but the raw materials were rising. Raising the quotations was a way to frighten away the customers.

Although the price of raw materials has dropped slightly, the price of cotton purchased by textile enterprises in Sichuan has not declined.

At present, the overall sales of yarn and cloth are basically stable, and the textile enterprises are basically maintaining stability in order to stabilize their customers and maintain sales performance.

From the data point of view, as of the end of May, there were still 1 million 520 thousand tons of cotton business inventories in the whole country, plus imported cotton and twenty thousand tons of reserve cotton per day, and there were more cotton resources in the market.

At present, Zheng cotton has dropped to a low level, and the cost performance of the warehouse has been greatly improved, while the spot cotton has lowered the expected rate, but the rate is not large. Therefore, the textile enterprises are more interested in the purchase of warehouse receipts.

On the whole, the supply of cotton is still abundant, and the amount of warehouse receipts is still at a high level, while the downstream consumption is in the off-season.

But at present, Zheng cotton is still in the rebound, it is recommended to wait and see, and wait for the end of the rebound.

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