Zheng Cotton Has Recorded A Record Low Of Five Years

Last week, Zheng cotton collected four Yin lines in five trading days.

According to the China Securities Journal reporter statistics, the main contract zhengmian 1505 last week, a total decline of 3.19%, closed at 12590 yuan / ton, the intraday was once dropped to 12560 yuan / ton, below the support level of wan3, at the same time, it is the lowest since April 2009.

In terms of external market, US cotton was in a state of shock last week, and the US cotton index dropped by only 0.18% in five trading days.

"Market, a large domestic company.

In recent days, the purchase price of cotton has been cut down and the market has been put under pressure. The progress of Xinjiang cotton pportation has obviously accelerated compared with the same period last year. The acquisition of cotton in the mainland is still cold, waiting for the specific implementation plan of the subsidy; the sales of downstream yarns are not warm, and the imported yarn has a significant impact on the domestic medium and low end yarns, and the price of the yarn has fallen on the basis of raw materials.

CITIC futures researcher Wang Yan pointed out.

Analysts said that in November

Of large number

The short term supply pressure of cotton increased, and the picking of machine picked up gradually. However, with the end of the downstream replenishment and the fierce competition of outer yarn, the demand was hard to improve.

It is worth noting that the relevant policy points out that no reserve will be held until March next year, but it will still be supported by the full supply of the contract.

In the short term, Zheng cotton is still facing downward pressure, but the downside space should not be overlooked.

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The traditional market of knitted fabric in light textile city steadily went ahead, and the volume of goods demanded increased slightly in the second half of the week.

Since the beginning of the week, there are not many kinds of knitted fabrics in the knitted fabric market of light textile city, but the overall operation is light and the busy condition is limited.

From a week of domestic demand for knitted fabric market, we can see that the market sales volume is still dominated by Lei Si Bu, Shui Rong Bu, rotten cotton cloth, jacquard printed cloth fashion women's clothing, but due to the lack of thin varieties of growth.

The sales volume of the week was smaller than that of last week; the volume of foreign trade clothing and household cloth marketing remained weak for a week, but the total sales volume showed a slight increase; a week of border trade knitted jacquard cloth, imitation cashmere, long and short plush cloth marketing steadily rose, and the overall filament knitted fabric rose slightly in a week, but from the trend of recent weeks, it has shown a continuous rise of three weeks.

In the third week of November, all kinds of knitted fabrics made of knitted chemical filament were widely used in the textile market of Guangzhou City (large knitting machine) weft knitted plush and warp knitted plush, including some stage fabric fabrics and apparel dual-use mesh, Flower knitted, knitted jacquard, embroidered, rotten flowers, water melted cloth, composite fabric, cloveled cloth, clothing cloth (including spandex without spandex, some knitted polyester elastic fabric and elastic flannelette) and so on. The total sales volume of knitted fabric mainly increased compared with that of last week, but it is still much less than that of the same week last year.