Weekly Report: Cotton Yarn (Apr. 16th- Apr. 20th)
Author: Apr 23, 2012 10:23
|
The cotton spot price was in the weaker situation this week. Although the volume of supply was not big, the condition of demand hadn’t improved, which restricted the market development. In particular, the overall sales of low-end cotton showed weak, and several enterprises were cautious and the transaction was cold. At present, the purchasing of seed cotton stopped in the market, and the cotton prices of seed cotton stabilized due to the shortage of goods. In addition, the average prices of 527 levels were 16,805 Yuan/ton, fell 47 Yuan compared to last week, 328 levels were 19,338 Yuan/ton, fell 62 Yuan, and 229 levels were 20,647 Yuan/ton, dropped 136 Yuan. It expects that the cotton prices will continue to slide down next week.
In the aspect of downstream market, the yarn price was stable while the sales were still sluggish this week and diversion sign of orders was obvious. The wait-and-see mood continued in the market, the price was weak and the actual shipment was less than before. Recently, the yarn market of raw material was still no satisfied. It was dominated by weakness on the whole and the enterprises management was at a loss due to lack of the foreign-order support and pessimistic sales. Now the price of 100% cotton yarn continued to maintain stable in Shengze, China, the combed 40S was 31,000 Yuan/ton, fell 100 Yuan/ton compared with last week, and the prices of 32S, 40S and combed 32S were respectively 25,900Yuan, 27,000Yuan and 29,300 Yuan/ton, which was the same as last week. It expects that the price of 100% cotton yarn will be in a consolidation afternoon market.
|
Editor: sunny From: 168Tex.com
Most Read