ICE Uplink Resistance Of Cotton Is Higher.

Last week, the hot weather in Xinjiang and the continuous rain in the mainland had a negative effect on cotton growth. At present, cotton is in critical growth period, and weather has become an important factor in the market.

Zheng cotton futures rebounded slightly, upward weakness, expected to continue to rise may not be great, and is expected to maintain a lateral adjustment.

ICE

Last Friday, the most active December contract fell 0.1 cents, closing at 64.64 cents. Cotton prices did not last for two days on Wednesday and Thursday. The direct impact was the poor macro level. The latest economic data showed that the purchasing index of China's manufacturing industry was down, and was below the line of prosperity.

The expansion of corporate activity in the euro area in July was slower than expected. In the United States, new house sales fell to the lowest level in 7 months in June, the US dollar rose, commodity prices generally fell, cotton prices also fell, the fundamentals of oversupply and weakness.

The negative impact on cotton prices, ICE cotton prices upward resistance is relatively large, recently, there is hope to continue weak adjustment market.

Zheng cotton futures contract opened higher in 1601 months, rising 55 yuan, closing at 12745 yuan, closing 97754 hands, holding about 297 thousand hands.

Spot, last Friday China

Index 3128B cotton newspaper 13158 points, down 1 points, spot price stability is weak, last Friday, the cotton storage wheel has actually traded more than 871 tons, the paction proportion is 1.69%, only 2011 year domestic cotton paction, after a week, the reserve cotton turnover has dropped, the yarn sales are not good and the textile enterprise funds are tight, has suppressed the cotton demand, the textile enterprise waits for a view primarily.

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At present, the price of viscose staple fiber market is stable, and downstream purchases have dropped earlier than before.

Generally speaking, the market of cotton yarn has been weakened, which is supported by the cost of viscose staple fiber. The price has changed little. The price of R30S in East China is about 18000 yuan / ton, and the price has been stalemate for nearly a week, and the market direction in the future needs to wait and see.

The whole cotton yarn market continued to be dismal, the price was adjusted slightly, the sales volume was scattered, the conventional yarn took the mainstream, the conventional cotton yarn market continued to fade, the price of siro spinning low count full cotton yarn was strong, and the discount rate of individual enterprises decreased.

Conventional pure cotton yarn is not good enough to keep the price stable basically. The mainstream price of Qian Qing Pu C32S is 20000 yuan / ton, the mainstream price of high C32S is 21300 yuan / ton, the mainstream price of combed C32S is 24300 yuan / ton, the price of C32S high woven weaving of Suzhou enterprise is about 22100 yuan / ton, and the price of C21S is 19500 yuan / ton, there are few pactions, and the actual negotiation space is larger.

Combed compact spinning all cotton yarn price is weak, and the goods are not as good as conventional ring spinning. A Shandong enterprise is spinning JC60S Xinjiang cotton for 31500 yuan / ton, and the compact spinning JC60S package bleaching price is 33500 yuan / ton.

At present, the downstream market is cautious in purchasing, multi-dimensional purchase and purchase plan. Most of the spinning enterprises are in a state of loss under the condition of poor sales and low price.

The price trend of pure polyester yarn is steady.

The market price of polyester staple fiber in Shengze market is 1.4D * 38mm. The price of the market center is about 6950 yuan / ton, which is down 50 yuan / ton compared with yesterday's price.

The market of Shaoxing market pure polyester yarn is weak and plain, and the shipments of the cotton mill are the main ones. The general mentality of businessmen is not good. The mainstream of 32S pure polyester is 11350 yuan / ton.

It is estimated that the market of pure polyester yarn will also have a downward adjustment trend.