First, price quotes
According to the data of the business agency, the 1st of Shandong 21S cotton yarn price is 30033 yuan / ton. On the 30th, the price of 21S cotton yarn in Shandong is 29033 yuan / ton, down 3.33%, up 37.44% year-on-year.
Second, the market analysis
In November, the cotton yarn has continued to decline, and the 32S cotton yarn price is 30,533 yuan, down 3.38% from the previous month. Downstream textile enterprises raw material stocks in 1 month, the boot rate is flat or slightly declined, as of November 26, the national spinning enterprises in the country is 20.5 days, increased from 0.9 days from the last week, 5.67% from the previous week, year-on-year A increase of 28.13%. The downstream market has been weak, and the regular varieties orders are generally, the shipments are slow, and the demand is no treated. The cotton yarn enterprises gradually increase, the order demand has not improved significantly, and the phenomenon of finished product is cautious in the gauze procurement mentality.
Since 20,21, cotton prices have risen, cotton, cotton prices are constantly big, and create new historical high. On November 30th, China’s cotton price index 3128B leather cotton average price of 22,544 yuan / ton, domestic 1.4D * 38mm polyester short fiber price 7185 yuan / ton, domestic 1.2D * 38mm viscose short fiber price of 13960 yuan / ton. The advantages of chemical fiber prices are obvious, and the replacement of cotton series products is enhanced.
In terms of futures, Zheng Tube futures 30 days settlement price 20565 yuan / ton, down 1005 yuan / ton from the previous month; cotton yarn futures market is fluctuated, 30 days settlement price 27750 yuan / ton, down 1705 yuan / ton from the previous month.
Third, upstream industrial chain
In November, the cotton market will presented the trend of the next step. On the 1st 3128B fedess price is around 22,532 yuan / ton, the price is around 22640 yuan / ton, rose by 135 yuan / ton from the end of last month, and 0.60%. At the end of the month, the seed cotton is basically ended, the new cotton processing speed, the sales is not shrunk, the cotton spot supply enters the loose state. According to the national cotton market monitoring system data, as of November 26, 202, 453,000 tons of processed cotton, a decrease of 10.3% from the year, and the sales of cotton was 129,000 tons, and the ring was reduced by 7.9%. The main auction of the raw material procurement of downstream textile enterprises is mainly, and the new cotton has been rare. The cotton cloth market maintains a weak deal. The restricted film on the textile enterprises gradually decreases. The starting work will return to normal. In some areas, the recent electricity bills are slightly rising, affecting the product profits, and some small textile enterprises have been passively dropped, and the atmosphere is strong.
At present, the upstream cotton market is weakened. The downstream cotton texture is generally purchased in order, and the market is dedicated. It is generally not optimistic about the market, and the short-term cotton yarn is expected to down.
Post time: Dec-03-2021