Cotton Yarn Futures Ready For National Cotton Continued Bearish

< p > Cotton: domestic a href= "//www.sjfzxm.com/news/index_c.asp" > long staple cotton < /a > price weakness small drop, Akesu produces 137 class Shandong pick up price 34000-34300 yuan / ton, and regional ginning factory price is lower, Awati 137 level factory price 32800-33000 yuan / ton, overall sales at present, generally still bearish. According to the international cotton market, India's domestic cotton price has dropped, and the S6 pickling mill's delivery price is 42400-42900 rupees /candy, which is less than 91 cents / pound. Pakistan cotton city's weak adjustment, the flower factory is eager to clear up the warehouse, and the price is stable. < /p >
< p > Cotton: yesterday, the Zhengzhou mercantile exchange held a symposium on "a href=" //www.sjfzxm.com/news/index_c.asp "cotton yarn < /a > futures contract rules in Zhengzhou. Participants agreed that the current policy conditions and market conditions for the introduction of cotton yarn futures have basically matured. The official of Zheng Shang said that the cotton futures contract and rules system has been basically improved. It will declare "a href=" //www.sjfzxm.com/news/index_c.asp "cotton yarn futures < /a" as soon as possible, and provide risk management tools for the vast cotton textile enterprises. The exchange has incorporated cotton yarn futures into the Chinese textile futures variety system vigorously developed by Zheng Shang. < /p >
< p > in this system, there are 3 sequences of plant fiber, chemical fiber and animal fiber with textile concept. Cotton futures, which belong to chemical fiber PTA futures and plant fiber, have been listed. Cotton yarn futures are also belong to plant fibers, and they are direct downstream varieties of cotton futures. Their introduction has a very positive significance for the textile industry. And the dry cocoon and raw silk futures of animal fiber, the filament and short fiber futures of chemical fiber are also actively developing and promoting. < /p >
< p > full cotton yarn price: Qian Qing combs 21S price 23000-23500 yuan / ton, combs 32S price 24300-24700 yuan / ton; Hutang combs 40S price 26000-26700 yuan / ton, combed 40S price 28000-29400 yuan / ton; Changyi combs 40S price 25500-26300 yuan / ton, combs 40S price 27600-26400 yuan / ton; Nantong combs 32S price 23800-24200 yuan / ton, high matching 40S price 26000-26300 yuan / ton (jet). < /p >
< p > downstream textile industry has seen a sluggish performance in recent years. Cotton yarn and cloth are weak, prices are low, orders are small and delivery time is short, and the operating rate of enterprises is not high, especially in small and medium-sized enterprises. In order to avoid the risk of falling raw material prices, the textile enterprises should be cautious in purchasing, try to maintain a lower inventory of raw materials and products, and more enterprises are worried about the expected price drop, advance the sale of cotton yarn prices in advance, minimize potential losses, and expect late fall to intensify. < /p >
< p > the price of imported cotton has risen sharply, which has weakened relative to the advantages of domestic cotton, plus the shortage of quotas, and the transaction has been stagnant. Meanwhile, the pace of imported cotton yarn has also slowed down. The price free market has lasted for many days. When will the new quota policy be introduced, whether it can improve the current downturn and wait patiently? < /p >