The Rumor Of Postponement Caused The Auction To Slow Down. Some Textile Enterprises Took Vacations And Limited Production
According to the offices of the National Cotton Market Monitoring System, in July, the rumor that the rotation of reserve cotton was delayed slowed down the bidding pace in the late ten days, and cotton merchants increased the speed of goods dumping; Textile enterprises have entered the traditional off-season. In addition to the continuous high temperature this year, some textile enterprises have adopted the mode of vacation and production restriction. The details are as follows:

Rumors of the round delay slowed down the auction pace, and some traders have entered a loss selling state. On July 21, a rumor that "reserve cotton rotation will be extended to the end of September" was bad for the market, delaying the purchase pace of downstream enterprises. In addition, cotton traders generally believe that if the reserve cotton rotation is delayed, the market supply and demand structure will change. The market supply will be loose, and the cotton price in the spot market will further decline. In order to reduce losses, it is necessary to increase the speed of goods dumping, but sales are slow, showing helplessness. In addition to the cost of capital occupation, some traders have entered a loss selling state. Although they are reluctant to sell, they are also forced by the influence of the negative view on the later stage and the rumor of the round out delay. The shipment is relatively impeded, and the negotiation preferences are constantly enlarged, especially for some medium and low quality resources. They have a strong inventory clearing mentality.

Impacted by imported yarn, domestic yarn sales pressure is high. part Textile enterprises It is reflected that due to the recent impact of imported yarns, the sales pressure of domestic yarns in July was relatively high, the sales were not smooth, the turnover was average, and the inventory of yarn mills increased. The downstream grey cloth market is also depressed, the price trend is weak, the inventory has increased, and there is not much confidence in the later market.
yarn Cloth sales are light, and many printing and dyeing enterprises are closed. In the traditional off-season, July Textile market As a whole, the weak situation in June continued. The enterprises were short of orders, the cotton yarn price declined as a whole, the production and sales were down month on month, the profit was thin, and the operation was more difficult. In addition, in the hot season, production stops and production restrictions increased. Most enterprises adopted the strategy of buying when they needed, and the use of cotton was dominated by bidding for reserve cotton. In addition, due to the strengthening of environmental protection, many printing and dyeing enterprises have closed down, and some printing and dyeing factories that insist on starting up can not finish their orders, which are scheduled to be several months later.

The price of chemical fiber rose sharply. It is understood that recently, the price of chemical fiber in Fujian was about 8540 yuan/ton, a sharp increase of about 800 yuan/ton compared with last month, and the settlement price of polyester staple fiber in Sichuan (Sinopec) was 8750 yuan/ton, an increase of about 750 yuan/ton compared with last month.
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Since July, the lint price has declined slightly. In the past week, Zheng Mian has dropped nearly 1000 yuan/ton. The pessimistic atmosphere in the market is very strong.
Recently, reserve cotton warehouse plans to add 410000 tons of Xinjiang cotton, which alleviates the panic mood of reserve cotton, leading to a sharp decline in Zheng Mian. Cotton farmers are worried that the increment of reserve cotton rotation will affect the opening price of seed cotton in the new year. At the same time, downstream textile enterprises are no longer worried about the raw material supply before the listing of new cotton. Traders are stepping up to clean up their stocks, and the price preference has increased. In addition, in terms of new cotton, as of August 4, cotton in most of China's cotton regions has grown well. From July to August, domestic cotton growth entered a critical period. If the weather is normal in the later period, the market expects that the picking time will be normal or slightly ahead of schedule.
In July, grey fabric enterprises stopped production and had more holidays, and the demand was weakened. The yarn market generally continued the slack season characteristics, and orders declined. Especially for cotton yarn enterprises, according to many manufacturers of conventional yarn and high count yarn, orders were scarce this week, and everyone scrambled for orders, even competing to lower the offer to gain the right to continue production. The price was generally weak, with obvious decline in some regions. As of August 4, the domestic market price of 21S cotton yarn was 23637 yuan/ton, down 0.05% from the beginning of July.
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