1、 Price quotation
According to the data of the business association, the price of 32 pieces of cotton yarn is about 25700 yuan / ton.
Analysis: the cotton yarn market trading has improved compared with that before the festival, and the mentality of textile enterprises has improved. Cotton yarn inventory continued to decline, the load remained at last week’s level, the gray end was still weak, some orders increased, and the overall delivery was general. In terms of imported yarn, the transaction situation of imported yarn this week has improved compared with that of last week. The port inventory of imported yarn has decreased slightly, the price is mainly stable, and there is no arbitrage opportunity for the internal and external price difference. The inquiry and delivery of imported combed yarn in the coastal textile markets are slow, and the buyers and sellers are not in a high mood. The epidemic situation in India and its neighboring countries continues to spread, resulting in the return of some foreign trade orders.
Macro aspect: China’s textile and garment export value was 65.11 billion US dollars, a year-on-year increase of 44%, and a 15.6% increase compared with the same period in 2019. Among the main export products, the export volume of clothing reached 33.3 billion US dollars in the first quarter, with a year-on-year growth of 47.7%. According to the survey data of China Textile Industry Federation, the prosperity index of China’s textile industry in the first quarter was 57.1, which was above the 50 boom and bust line for four consecutive quarters, indicating that the production and operation situation of the textile industry and the general trend of market expectation were good, and the enterprise’s development confidence was enhanced.
Upstream and downstream: the domestic cotton spot market is stable this week. Recently, the cotton in northern and southern Xinjiang has entered the seedling stage one after another. The strong wind and cold wave all over the country make several places have the demand of replanting or replanting. In the west of the United States, there was a continuous drought, and the scope of drought gradually expanded and covered Texas, the main cotton area in the southwest. The epidemic situation in India is fierce, and the impact of planting is unknown, but for the domestic textile industry, the expectation of foreign single return is increasing. The orders of grey cloth Market in China are better than those before the festival, and the continuous situation of orders is concerned in the follow-up.
In general, the cotton yarn Market Trading improved, the upstream raw material support is strong, textile enterprises cotton yarn inventory decline accelerated, cotton yarn spot price trend is good, it is expected that the future market will be stable and upward.
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