Cotton Yarn Trading Continued To Be Light, Continue To Pay Attention To The Development Of Xinjiang Cotton Incident

On the macro level, Sino US trade relations are still unclear. The United States accused China of using state-owned social media platforms and inciting boycotts to crack down on enterprises that refuse to use Xinjiang cotton. China announced on Saturday that it would also take counter measures against some individuals and entities in the United States and Canada after imposing sanctions on nine British personnel and four entities on Friday Continue to pay close attention to the development of Sino US trade policies. The Suez Canal ran aground, and the freighter "Changci" successfully got off the ground, and the European epidemic situation was on the alert again, causing people's panic. Within the day, the crude oil price fell below the 60 mark, the US dollar index rose slightly, the gold price closed down, and the commodity prices continued to consolidate, with more green and less red.

In terms of fundamentals, the cotton yarn market continues to be light, the cotton mills are just in need of replenishment, and the newly added orders of cotton mills are limited. H & M Xinjiang cotton incident has a certain impact on cotton yarn orders. When placing orders in the downstream, they will ask whether they use Xinjiang cotton. At present, due to the high price of cotton yarn, cotton textile market upstream and downstream price order transmission is not smooth, cotton yarn profit or will weaken. At present, the cotton yarn futures price range is 21000-22500 yuan / ton, and CY C32 spot price is 24370 yuan / ton. It is expected that in the short term, the cotton yarn futures price will continue to consolidate. Depending on the results of the follow-up meeting between China and the United States and the development of Sino US trade policies, the possibility of further downward trend can not be ruled out.

Today's cotton spot transaction was significantly weaker than last Friday; zhengmian's trading volume was up, with cf2105 closing at 14735 yuan / ton, up 115 yuan compared with the previous trading day.

Crude oil fluctuated, polyester raw material side weakened, polyester short spot price continued to move down with the futures price, 1.4d mainstream reported 6700-6900 yuan / ton, pure polyester yarn price fell slightly, t32s mainstream reported 117002000 yuan / ton.

Today's sticky short price is mainly stable, 1.2D stick short 15560 yuan / ton; the main market turnover of viscose is 15400-15600 yuan / ton.

Cotton yarn trading was weak, and the price continued to weaken. The price of various kinds of yarn decreased by about 20-630 yuan / ton. Among them, the price of human cotton yarn CY R30 dropped by 630 yuan / ton, which was relatively large.

Today, the price of imported yarn fell slightly, and the market turnover was light. There was no obvious improvement in the downstream delivery situation. Some traders were not eager to sell the goods in hand, and there were still ships arriving in Hong Kong.

Overall, the external quotation was stable and fell. Basa siro spinning external offer fell slightly. The mainstream range of c10s of first-line siro spinning is 535-545 US dollars / piece, equivalent to 22300-22700 yuan / ton; the mainstream quotation range of c10s of second-line siro spinning is 475-495 US dollars / kg, equivalent to 19800-20700 yuan / ton, with shipping time at the end of April, 90 day letter of credit. The price of printing yarn fell, some traders reported good quality c16s to US $2.85/kg accessories, equivalent to RMB 22300 yuan / ton; good quality c21s quoted about US $2.95-3.0/kg, equivalent to RMB 23100-23500 yuan / T, with shipping time at the end of April, 90 day letter of credit. The quotation of Vietnam ring spinning will be lowered, and the air jet c32s of some mills can be floated to US $3.3/kg, equivalent to RMB 24900 yuan / T. the shipping date in May is subject to L / C at sight.

Today, the prices of grey cloth of various varieties are mainly stable.

China Light and Textile City (600790) market volume statistics, gray cloth transaction total sales volume of 8.01 million meters, including chemical fiber cloth trading volume of 5.47 million meters, all cotton transaction of 460000 meters, Renmin cotton transaction of 480000 meters.

As of March 29, China's Cy C32 price was 24400 yuan / ton, Indian jet c32s price was 24800 yuan / ton, the price difference was - 400 yuan, Vietnam jet c32s price was 25000 yuan / ton, the price difference was - 600 yuan, there was no arbitrage opportunity.

As of March 29, there were 0 warehouse receipts (0 ton) and 0 valid forecast (0 ton) in zhengsha, and the total amount of warehouse receipts and effective forecasts was 0 ton.

March 29, cotton yarn 05 contract shock closed up. On the same day, the highest price was 21830 yuan / ton, the lowest price was 21400 yuan / ton, and the closing price was 21790 yuan / ton. Compared with the previous trading day, the position was 4861 and - 419 lots compared with the previous trading day. From the technical aspect of Zhou's super win, CK gives a yellow wait-and-see signal, F2 index falls back in green, zjll index is below the 0 axis, two indicators give short signal, pressure level 24600, support level 21500, it is recommended that radical investors participate in empty orders near the pressure level, and cautious investors should wait and see.

This week, the cotton yarn Market Trading weakened and the market mentality was more cautious. With the low-cost selling of traders, the spot price of cotton yarn dropped, and the cotton yarn inventory increased slightly, but it was still at the low level in previous years. It is expected that the downward space of cotton yarn price is limited. We should continue to pay attention to the follow-up meeting results of Sino US high-level and the development of Sino US trade policies. It is expected that the fluctuation of cotton yarn futures price will be weak in the short term, and the contract of cy05 will be weak The price range is 21000-22500. It is suggested that investors enter the market every time a short order is near 22500, stop loss is 22700, the profit loss ratio is 3:1, and the position is controlled at about 10%