Shandong'S Cotton Market Is Trading Poorly, High Demand For Yarn Is Improving.

Recently, the price of cotton purchase and sale in Shandong has been stable and slightly rising, but the overall transaction of cotton market is cold and cheerless, which is in the buyer's wait-and-see and seller's reluctant sale status, and the yarn market is hot and cold.

The purchase price of seed cotton is rising steadily, and the cotton mill is still "not enough to eat". In December 11th, Shandong, Dezhou, Liaocheng and other places seed cotton purchase price 3.12-3.20 yuan / jin (lint 41%, moisture regain 12%), unchanged from yesterday, compared with 6 days rose 0.02 yuan / Jin. Compared with the neighboring Hebei Wuqiao, the purchase price of seed cotton is higher than 0.05-0.10 yuan / Jin, but manufacturers still say that the purchase amount is not large. For example, the daily purchasing amount of a 400 type cotton ginning factory in Dezhou is 5-7 Jin Jin, which is 50% less than that of the same period last year.

According to the analysis of the industry, the reasons for less purchasing day are as follows: first, cotton farmers are reluctant to sell. The 11 day a large cotton grower in Heze said that the quality of Shandong cotton was slightly higher than that of last year, but the price dropped by 0.15-0.20 yuan / Jin last year, which made it difficult for everyone to accept. Two, the cotton production in the mainland dropped considerably this year.

Shandong province is a major textile Province, and textile enterprises such as Dezhou and Binzhou become forests. However, textile mills have their own difficulties and are more cautious about purchasing lint. On the 11 day, the three grade price of real estate cotton in Shandong area was 13100-13500 yuan / ton, and four level 12800 yuan / ton, all of which were settlement price and gross weight. 31 points of "31 29" hand picked cotton weight quotations were 13300-13400 yuan / ton in Shandong, 31 yuan "double 29" machine harvested cotton 13100-3200 yuan / ton (2018/19). Lint prices remained stable throughout the year. Due to the poor order of downstream textile mills, the pressure on inventory was larger than before, and the purchasing of raw materials was also cautious.

At present, the conventional yarn Market in Shandong textile market is weakening, and the demand for high demand yarn is increasing. First of all, conventional yarn, low and low yarn market weakness. In December 11th, a factory in Dezhou was quoted by 21S for 19400 yuan / ton and 32S quoted price of 20500 yuan / ton, unchanged from yesterday. Secondly, the recent compact spinning 60S is one of the best, because the seasonal demand for goods is obviously better than that of other varieties. At present, a local textile enterprise is spinning JC60S for 33700 yuan / ton, and the manufacturer has no stock.

To sum up, the price of cotton purchase and sale in Shandong is slightly higher than that in the surrounding provinces. However, the cotton mill still feels that there is no cotton to be collected, and the price of lint and seed cotton is not good.

Extended reading

Shandong Liaocheng: yarn market weak ginning factory cautious

This week (December 9-13), cotton city peripheral factors are interwoven, lint market stability is the main. Shandong Liaocheng Gaotang area downstream yarn market weak and stable mainly, manufacturers follow the purchase, cotton ginning factory is cautious, in the market gap to survive.

It is reported that Shandong Liaocheng area seed cotton picking has ended, the seed cotton quality drops to varying degrees, the cotton mill purchase price is 3.10 yuan / jin (40% points of clothing, 15% moisture below), three grade lint factory quoted price is 12600 yuan / ton (gross weight, with the ticket), compared with last week's level. The price of local cottonseed rose to 1.205 yuan / Jin this week, rising by 0.025 yuan per Jin compared with last week, and it was a slight boost to the local cotton market in Xinjiang. This week, local ginning plants declined due to the cold weather, and some of the manufacturers bought a high volume of about 30 thousand jin. Lint is mostly for order processing, and with processing and shipping, there is little stock and processing profit is still not ideal.

The local yarn market is weak and stable, of which the 32 price of the combed ring spinning is 20800 yuan / ton, the 40 quotation is 21800 yuan / ton, the air spinning 21 offers 17000 yuan / ton, 24 offers 16100 yuan / ton. This week, futures yarn market shock adjustment, cotton yarn futures CY2005 main contract high to 21290 yuan / ton, rebound strength is insufficient, it is difficult to support the spot market, coupled with downstream market demand in general, cotton mill stock a little backlog, in order to avoid greater risk, cotton mill to cotton purchase is still more cautious, according to the order situation as far as possible to reduce lint inventory, restrict the development of lint market.

Zheng cotton futures shock adjustment, CF2005 main contract high to 13335 yuan / ton, low to 13140 yuan / ton, fluctuate little, to the spot lint support strength is limited.