Last week (May 27-31), the cotton market oscillating consolidation, but the cost of raw materials in the entire industry chain downstream, yarn prices decline.

Yarn mill orders are small, large inventory, money back is difficult, within weeks of closing.

Raw materials for cotton.

Zheng cotton futures stopped falling, CF1909 contract low in the vicinity of 13500 yuan / ton consolidation, the trial 14000 yuan v/ tons of pressure, the lower reaches of the impasse.

During the week, the price of cotton outside the port continued to rise.

As of June 2nd, the average price of cotton extraction in India under general trade was concentrated at 13250-13450 yuan / ton. Considering the difference between the outgoing charges and the net fixed weight, the cotton price between inside and outside was reduced to 1000-1200 yuan / ton.

During the week, cotton growth in Xinjiang was better, and the height of cotton seedlings was 20-40 centimeters.

As of June 2nd, the "double 28" machine in the northern part of the territory's supervised warehouse picked up a price of 14300-14500 yuan / ton, and the fluctuation was not large.

But since the beginning of May, the spot price of Xinjiang cotton has fallen by more than 1500 yuan / ton.

Although cotton prices are showing signs of decline during the week, the decline in early stage has been successfully carried out downstream of the industrial chain.

Other raw materials.

Polyester staple fiber prices continue to move downward.

As of June 2nd, the price of 1.4D in Jiangsu and Zhejiang region was 7600-7900 yuan / ton, or 7550-7750 yuan / ton, which was 100-200 yuan / ton more than the previous week.

Production and sales rebounded slightly during the week. Individual manufacturers reflected that the shipment of foreign trade documents was better.

As of June 2nd, the price of 1.5D*38mm viscose short fiber for a factory in Henan was 12100 yuan / ton, and 1.2D*38mm viscose staple was quoted by 12100 yuan / ton, 100 yuan / ton (including tax and delivery) in the previous week.

Pure cotton yarn.

The cost of raw materials in the upstream dropped to yarn, and the number of orders was small, and the downstream was mainly based on credit. During the week, the price of pure cotton yarn increased.

As of June 2nd, the mainstream price of pure cotton yarn combing 21S, 32S and 40S was 21000-21200 yuan / ton, 22000-22300 yuan / ton, 23500 yuan / ton respectively, and the price center of gravity dropped 500-700 yuan / ton compared with the previous week.

On the 2 day, the price of the whole cotton yarn for spinning 21S high distribution ring spinning knitted fabric at a factory in Shandong is currently priced at 22700 yuan / ton. The current price of the 32S all round cotton knitted yarn is 23600 yuan / ton, compared with the previous week, the price has dropped 300-400 yuan / ton.

Due to cost factors, the market is expected to have room for further decline in pure cotton yarn in recent years.

Other yarns.

During the week, polyester and rayon yarn continued to fall.

As of June 2nd, the price of polyester yarn 32S in a factory in Weifang, Shandong, was quoted at 16000 yuan / ton (including tax and factory price), down 500 yuan / ton compared with the previous week, and sales volume was still good.

Henan Zhengzhou factory cotton yarn 30S quoted 17500 yuan / ton, compared with the previous week fell 300 yuan / ton, sales volume in general, large single volume can be negotiated.

Imported yarn.

Port traders feedback, the main port imported yarn stock more than 120 thousand tons, logistics area, bonded area is still full of trouble.

Traders are going to cash in and actively go to stock and continue to lower prices.