After The Festival, The Domestic Market "Cotton Is Booming".

It is understood that during the Spring Festival, the price of cotton outer market increased substantially (ICE main contract rose 4.26 cents / pound, or 5.82%); domestic cotton prices in India first fell and then rose, creating a new high in 2016/17, and the overall increase of cotton yarn reported in China since late January was 300 yuan / ton, which was not only in India, but also in the near future.

The spot price of the real estate cotton yarn and the "futures yarn" of the far month increased considerably, and the Vietnamese yarn quotations also "soared".

Some weaving factories in Zhejiang and Guangdong think that since the end of January, the quotations for futures yarn in Vietnam, India, Pakistan, Indonesia and other 3-5 months have increased significantly. Therefore, it is more feasible to purchase relatively slow or smaller port spot or spot yarn.

Qingdao, Guangzhou port Vietnam C32 A brand yarn quoted price 2.76-2.78 US dollars / kilogram (not bleached without dyeing), C21S A brand yarn is in 2.48-2.52 dollars / kg; India produced C21S, JC40S compact spinning brand yarn quotation are 2.50-2.53 dollar / kg, 3.30-3.33 dollar / kg; India Ni producing woven yarn, and robe knitting yarn (woven yarn) after customs clearance quotation is 21400-21600 yuan / ton, 22900-23100 yuan / ton.

Cotton Traders in Guangdong, Jiangsu, Zhejiang and other places indicated that after the festival, the cotton market in the domestic market was booming, and the quotations of both domestic and imported yarn were all red, but because of the weaving mills and middlemen,

And foreign trade companies are in a state of resumption, cotton yarn, grey cloth, fabrics and other enquiries and procurement has not yet effectively launched, downstream enterprises to cotton, cotton yarn high inflation acceptance, digestion ability to be observed, it is expected that the price of yarn will rise to RMB 300-500 yuan / ton.

Because of the low yarn inventory of the manufacturers and middleman this year, after the festival, the centralized procurement starts to be released to the market. ICE, Zhengzhou and other electronic discs have been rising in advance (since January 18th, the CF1705 contract has risen 1205 yuan / ton, or 8.07%), and domestic and foreign cotton spot prices have been fully followed up, and the cost pressure has been pmitted to the middle and lower reaches, so as to survive and protect themselves.

There is only one way to raise prices.

From the survey point of view, as at the end of January, the amount of imports of yarn imported from Guangzhou, Ningbo, Qingdao, Shanghai, Zhangjiagang and other ports was close to 100 thousand tons (a few foreign businessmen roughly estimated 9.8-10.5 million tons), Vietnamese yarn, India yarn, Indonesian yarn and Pakistan yarn, and Central Asia yarn occupied the main body. As part of the trade volume of some traders continued to expand their external yarn stock (spot or futures yarn) in the middle of last 12 months, there was no obvious reduction or shipment in January. Therefore, with the quotation of FOB, CNF and CIF, and the sharp rise in RMB quotations after the customs clearance, traders did not believe in a comprehensive "solution" and had a good expected profit, and the whole market began to tilt towards the direction of importers and operators of cotton yarn.

An import company in Shanghai said that the number of Port Bonded Vietnamese yarn and Indonesian yarn was about 500 tons. By the end of February, there were still about 350 tons of Vietnamese C21S and C32S yarn delivered at the end of December (the contract in early December). According to the current Vietnamese yarn CNF offer, the price of the imported yarn increased by 0.08-0.10 dollars / kg, and the domestic yarn price rose by more than 300 yuan / ton. The import yarn profit is very good.

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