Zheng Cotton Falls Into A Tight Air And Cotton Spinning Difficulties Aggravate

Entering the August, the price of zhengmian started again. On Monday (August 5th), Zheng cotton futures were down again, the external factors were gathering, and the difficulties of cotton and downstream textile industry were aggravated.

Sino US trade conflict escalated, futures and spot lint were weak. Last Thursday, US President Trump announced that 10% tariffs would be imposed on China's remaining $300 billion from September 1st. The escalation of trade conflicts has brought a series of impacts on the domestic economy. The RMB exchange rate has broken 7, and China's stock market has experienced a sharp dive last Friday and Monday. Zheng cotton futures performance also eye-catching, on Friday, there has been a substantial decline, this Monday continued to fall, CF1909 main contract in the 12225 yuan / ton by the limit of closing. At present, there are fewer manufacturers to maintain the cotton mill. Because of the limited resources in the mainland, the purchase price has been reduced by 0.01-0.05 yuan / Jin last week. The purchase price is relatively stable this week, with a multidimensional holding of 3.25-3.30 yuan / Jin. The mainland's spot lint market was down 100-200 yuan / Jin last week. This week there is still a partial reduction of 1000200 yuan / ton, of which three lint factory price is maintained at 14100-14500 yuan / ton.

Sufficient supply and weak demand are difficult to change, and reserve cotton is the steady sea needle for stabilizing the market. At the beginning of last week five, the quotation of imported cotton dropped sharply, and the atmosphere of the cotton reserve business turned cold. In August 5th, the sales volume of the reserve cotton wheel was 10278.3775 tons, and the actual turnover volume dropped significantly. Among them, the turnover price of real estate cotton was 3128B yuan, 13446 yuan / ton, and the price of Xinjiang cotton was 3128B 13557 yuan / ton. Despite the fact that the seed cotton resources are already in the prime of life, the supply of spot lint is limited, but the downstream market seems to have been reassured, keeping calm and keeping the purchasing strategy. It is difficult to change the supply situation and the weak demand situation at home and abroad. The reserve cotton wheel has become the "fixed sea god pin" for stabilizing the cotton market and supporting the textile enterprises. Imported raw materials such as cotton, futures, spot, reserve cotton and other raw materials supply sufficient raw materials for textile and textile enterprises, and supply and demand are even worse under weak demand.

The yarn market is dim, and the textile industry is still in a difficult position. Sino US trade conflicts escalated, orders for textile downstream exports were blocked, and yarn prices were poor. Last week, spot yarn prices in some areas dropped by 1000 yuan / ton. The Zhengzhou Mercantile Exchange cotton yarn futures price fell. On Monday, Zheng yarn CY2001 contract closed at 20395 yuan / ton, down 645 yuan / ton, futures prices fell, the negative cotton yarn spot market, most areas stock backlog phenomenon became normal, yarn price stability is weak, the situation is hard to change. But in the future autumn orders will be opened, and some manufacturers still have a price mentality. Quotations are stable around the world, among which 40 Shandong Liaocheng Pu combs offer 23500 yuan / ton, combed compact spinning 60 offers at 30000 yuan / ton, Jiangsu Nantong combed compact spinning 32 offers 25800 yuan / ton, combed compact spinning 40 offers 27000 yuan / ton.