Weekly Report: Cotton Yarn (Feb.13th- Feb.17th)
Author: Feb 20, 2012 11:04
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Cotton price was still dominated by stability this week, and the sales of cotton enterprises still were diversified. Because the cotton price declined slightly nearly two days, and some enterprises transferred to store, the sales of lint cotton improved compared with last week, while the overall trends tent to weak, the main reason was that export orders were pessimistic in the textile enterprises, there were still great pressure in the domestic marketing, and the purchase was not positive. The three-level lint cotton price was 20,100-20,250 Yuan/ton in China-Xinjiang, two-level lint cotton price was 21,000 Yuan/ton, 527 grade cotton which the average price was 16,910 Yuan/ton, up 50 Yuan/ton compared with the previous day, 328 grade cotton which the average price was 19,553 Yuan/ton, up 78 Yuan compared with the previous day. It expected that the cotton price will continue to rise slightly next week.
It was affected by raw material market and the downstream demands, the market quotation of all cotton yarn had downward pressure. On a whole, the overall atmosphere was dominated by weakness in the market, and the transaction still had greater resistance. The turnover remains focused on 32S and 40S, which mainly used in air-jet products, such as nylon/cotton series. The leading quotation of 32S was 26,700 Yuan/ton, up 100 Yuan compared with the previous day; 40S quoted 27,700 Yuan/ton, up 100 Yuan. It expected the all cotton yarn will continue to decline next week.
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Editor: sunny From: 168Tex.com
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