Weekly Report: Cotton Yarn (Dec.19th- Dec.23rd)
Author: Dec 26, 2011 10:39
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The cotton spot market price goes stable this week, which is lower than the collection price in most of regions. Now the store profit space is more stable in the cotton enterprises, they are dominated by the store and still actively purchase processing seed cotton, and the spot market price did not appears better. At present, ginned cotton of grade 4 quoted 17,000-18,000 Yuan/ton, Weak level 3 quoted 18,500-18,600 Yuan/ton, grade 4 quoted 18,100-18,400 Yuan/ton, and the early detection and level 329 in Xinjiang that the land price is 21,000 Yuan/ton (gross weight). Although active inquiry behavior is increased in the textile mill, and as used with the main purchase, the initiative to fill stock is not strong, so the clinch a deal the state is not ideal, it is expected that the market is still dominated by consolidation in the short term.
Yarn market is also in a stable situation this week; now the quotation of 100% cotton yarn remained the previous level in China-Shengze, the general comb yarn of 32s quoted 25,800 Yuan/ton and 40S is maintained at 26,800 Yuan/ton. It is affected by the purchasing fall in the market, this week the 100% polyester yarn price is loose slightly at China-Qianqing, the mainstream price of 32S is 15,200-15,400 Yuan/ton. Near the Spring Festival, the downstream rayon cotton yarn prices were lower and the performance of lukewarm take the goods. Now woven 30S quoted at 19,500-19,800 Yuan/ton, and it quoted 19,300-19,500 Yuan/ton in Henan. With the downstream deadline approaches, now the market delivers atmosphere or will turn pale, and the market is to the differences will make some original purchasing plan became cautious, therefore it is expected next week the yarn market will be dominated by consolidation.
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Editor: sunny From: 168Tex.com
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