Weekly Report: Cotton (Aug.22- Aug.26)
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In the spot market, cotton showed warming tendency, which brought energetic trading atmosphere. Sinkiang PositiveⅢ is quoted over 21,000 Yuan/ton, increased 500 Yuan compared with last week. Imported cotton accordingly increased to 20,000-20,500. High class cotton spinning manufacturers made slight purchase. At present, the capital in industrial chain is still tight, and repayment is common in the market. The loan indicator from the banks to the textile industry will greatly affect the purchase intention of feedstocks in the afterward market. Although cotton had a temporarily warming sign recently, afterward tendency still needs to be closely watched, and it depends on the fundamentals of cotton.
The performance of downstream cotton yarn market is stable generally. Full cotton yarn even slightly increased in Shandong market. Now C32S quoted among 26,000-28,000 in accordance with different matches of raw cotton levels. The leading quotation of C40S is around 28,400 Yuan/ton. Rayon price slightly increased in the market, and the shipment is smooth. Xiao Shan origin- weaving 30S is quoted 22,500-23,000 Yuan/ton. The price increased to 24,300-24,800 Yuan/ton. At present, the operating conditions of medium and small spinning manufacturers is still poor. Reduction and shut-down happened a lot. Basically, these manufacturers do the purchase in line with their needs. Although the yarn price increased, the afterward tendency will still be in consolidation due to the uncertain market. |
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文章关键词： cotton price
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