Last week, cotton and gauze market trend

The running trend of the flower gauze market is: Cotton prices are weak, and yarn and cloth sales are flat. The cotton prices in both the internal and external disks fell as a whole; the price of polyester staple fiber stopped falling, the price of viscose staple fiber rose steadily, and the sales of yarn and cloth slowed down. The selling price rose in the weak consolidation.

This week's ICE cotton market is a weak trend in the expansion of consolidation.

In addition to Wednesday's ICE cotton fell to a low position, attracting buyers into the market to promote the market and most of Friday's contract rose slightly, the rest of the day are the decline of the weak trend.

The ICE cotton futures continued to fall during the consolidation period, mainly due to the general decline in stock and external commodity markets due to continued weakness in the economy and reduced demand. [Monday's external precious metals and crude oil** led the drop (CRB) The index recorded the largest one-day drop since December 2011, with gold hitting its biggest two-day drop since 1983, Brent crude hitting its lowest since July, and US stocks extending their losses. The United States Boston bombings also have a strong impact on financial markets.) The other grain markets also went lower overall. ], In addition, the economic data released by China was weaker than expected. According to data released by the National Bureau of Statistics of China, gross domestic product (GDP) in the first quarter increased by 7.7% year-on-year, not only lower than the same period of last year but also lower than 2012. In the fourth quarter, the year-on-year and quarter-on-quarter growth rates all fell. ] The resulting market worries that China's economic growth has slowed down, which in turn has aggravated concerns about the global economy, and that ICE cotton has generally declined.

This week's Intercontinental Exchange (ICE) cotton market is a weak trend of expansion and decline. The recent ICE cotton 1305 contract has dropped sharply by 2.10 cents/lb, a drop of 2.45%, and the weekend's price was 83.48 cents/lb, still running below the 90 cents/lb integer. The international cotton price index CotlookA (FE) decreased slightly by 0.45 cents/lb, a decrease of 0.49%, and the weekend price was 91.75 cents/lb. China's imported cotton index, FCIndexM, had a slight decrease of 0.74 cents/lb, a decrease of 0.77%, and the weekend's price was 95.18 cents/lb. (See: Table 1)

This week, the domestic cotton market as a whole remains a weak trend of slight consolidation. The overall performance is not clear direction, wait and see atmosphere is strong. There are few transactions in the spot market. There is still no market for price cuts. The shortage of high-grade cotton products, high prices, and difficulties in purchasing are the only factors in the sales of long-staple cotton, which is hot and the price has been raised (weekly Xinjiang Bingtuan Class 137 reported 32,500 yuan/ton); The price of cotton on the electronic disk weakened; the transaction volume outside the port was still light, and the price was hard to increase. Among them, there were more inquiries for spot shipments of Australian cotton.

The cotton textile enterprises still mainly obtain resources through the auction of reserve cotton and purchase spot cotton. The attention to real estate cotton is not high, and the “trend to buy, with a small batch of diligence” is still the major trend of purchasing cotton. Through the previous auction procurement, the current inventory of cotton textile companies has increased, coupled with the recent general quality of reserve cotton, cotton textile companies enthusiasm for competition. Due to the introduction of policies to increase storage of high-grade cotton and imported reserve cotton, the proportion of reserve cotton auctions remained low for the first three days of this week. Since the release of reserve cotton on the 18th, the announcement clearly stated that “part of 2011 imported cotton and 2012 were to be released. On the second day after the temporary collection and storage of cotton, the auction gradually increased, reaching 22.28% on the first day of the weekend, indicating that the new cotton was favored by the market. The follow-up throwing tone is to increase the throwing of reserves, and increase the supply of high-grade cotton to attract cotton textile companies to participate in the auction.

At present, the macroeconomic weak recovery, cotton oversupply, the government put aside a large amount of storage Tengkuo, can basically guarantee the cotton textile enterprises to use cotton, so the market price of domestic cotton will moderately lower in the limited range. However, the supply of cotton in the world appears to be tight. Therefore, there may be fluctuations in the price of foreign cotton, and the deviation of the domestic cotton price from the market.

Weekend statistics, China's cotton price index CCindex328 slightly declined by 16 yuan / ton, a decline of 0.08%, the weekend's price of 19,371 yuan / ton. The electronic matching 1305 contract decreased slightly by 18 yuan/ton, a decrease of 0.09%, and the price at the weekend was 1,921 yuan/ton. Zheng cotton ** 1305 contract decreased slightly by 5 yuan / ton, a decrease of 0.02%, the weekend's price is 20,400 yuan / ton. On Friday, the spot price of CCindex328 was 550 tons lower than the electronically-consolidated 1305 contract and 1,029 yuan/ton lower than Zhengmian 1305 contract. (See: Table 1)

This week, the price of cotton staple fiber raw materials is a trend of weak adjustments, in which the price of polyester staple fiber has stopped rising, and the price of viscose staple fiber has risen slightly.

The weak trend of polyester staple fiber prices was declining, mainly because the mentality of the capital market was affected by the continuous sharp correction of external commodities, and the international crude oil prices also oscillated and fell, resulting in the continuous supply of upstream raw materials such as PTA, MEG and polyester chips. Pressure drop (such as this week, polyester chip prices fell by 300 yuan / ton, a drop of 3.09%.), suppressing the overall atmosphere of the polyester market fell, wait-and-see attitude is enhanced; Second, the downstream demand is insufficient, more digest the early inventory, lack of just need With the support of replenishment customers, the overall trading environment of the market is sluggish, production and sales are stagnant, and negotiation is the main priority. The short-term production and sales of polyester and polyester production enterprises fell, but stocks remained stable, averaging 10-15 days.

This week, the price of viscose staple fiber maintained a slight upward trend during the smooth operation last week. Although viscose staple fiber production enterprises have lost their hearts and minds, but in the large environment where commodity prices continue to fall sharply, the upstream pulp prices continue to stagnate. Downstream user companies have little stock purchases, and people cotton and their blended yarns and cloths. Sales are still sluggish and weak, but they are obviously unable to increase prices. Although the cotton textile enterprises lacked confidence in the market outlook and their purchases were still cautious, viscose staple fiber manufacturers were able to maintain stable prices due to the shipping pressure of previous orders. It is expected that the centralized purchasing cycle of viscose staple fiber will be ushered in at the end of April.

At the weekend, the price of polyester staple fiber decreased slightly by RMB 110/ton, a decrease of 1.07%, and the operating price at the weekend was RMB 10,170/ton. The price of viscose staple fiber has slightly increased by RMB 30/t, or 0.22%, and the operating price at the weekend was RMB 13,850/t. The prices of polyester staple fiber and viscose staple fiber were 9,201 yuan/ton and 5,521 yuan/ton lower than the domestic spot price of 328 cotton. (See: Table 1)

This week's gauze market showed a slowdown in the sales of yarn and cloth, and the selling price had a tendency to rise or fall in the weak consolidation.

The production and sales of pure cotton yarn were less than the previous period, the transaction volume had shrunk, and the late-stage orders were insufficient. Both the production enterprises and traders had insufficient confidence in the market outlook, and the number of small-scale cotton textile enterprises with production restrictions, production cuts, and production suspensions had increased. Compared to long-staple cotton yarn, high-demand and high-distribution yarns, the demand for cotton yarns is higher, and the selling price rises again. The combed cotton yarns take a smooth ride and the prices are firm; intermediate and high-grade carded yarns can still be shipped; the demand for middle-to-low-end air spinning is not good; Home textiles cotton yarn shipments are slightly delayed. The price of polyester spun pure spun yarns and blended yarns decreased steadily due to falling raw material prices. For example, the T32S selling price decreased by RMB 50/t this week, a drop of 0.34%. Compared to T45S trading volume is acceptable. The sales of viscose staple pure yarns and blended yarns are stable, and sales of R10S and R30S are acceptable. International cotton yarn prices fell this week, such as the reduction of 200 yuan/ton for the price of Cassava yarn. Another Pakistani gray fabric price reduction is relatively large, and domestic printing and dyeing companies have been involved in research.

For grey fabrics, 32S and 40S all-cotton fabrics with wide width, extra width, plain weave, high density poplin and other grey fabrics are in good condition.

At present, large and medium-sized cotton textile enterprises can basically balance production and sales, but the lack of first-line employees and product prices is difficult to increase, making no money, it is the biggest problem that plagued the smooth operation of the company's production and operation.

This week, the sales prices of yarn representative products C32SD, JC40SD, T65/C3545SD, and R30SD have a tendency to rise and fall, and the sales prices have risen (decreased) by 0 yuan/ton, 5 yuan/ton, and -10 yuan/ton respectively. At RMB 120/t, the increase (decrease) was 0.00%, 0.02%, -0.05%, and 0.66% respectively, and at the weekends they were respectively at 25,955 yuan/ton, 30,830 yuan/ton, 20,940 yuan/ton, and 18,400 yuan/ton. on. (See: Table 2)

This week, the price of grey fabrics representing the varieties C32Sx32S130x7047 "twill, JC40Sx40S133x7267" poplin, R30Sx30S68x6863 "cotton fines, T65/C3545Sx45S110x7663" polyester-cotton fines is steady, and the selling price has dropped by 0.00 yuan/m and 0.00 yuan respectively. m, 0.00 yuan/m, -0.03 yuan/m, with a decrease of 0.00%, 0.00%, 0.00%, and -0.60% respectively, and at weekends they were respectively running at 6.47 yuan/m, 8.97 yuan/m, 4.91 yuan/m, and 5.00 yuan / Meter price. (See: Table 2)

International economic development:

On the 17th, the Federal Reserve Bank (FED) issued a Beige Book saying that from the end of February to the beginning of April, the U.S. economy grew at a moderate rate because the construction industry in many parts of the country improved and house prices rose. According to the Beige Book, “In addition to reporting increases in housing prices and prices of residential construction materials, price pressures in various regions have remained at a low level. Consumer spending has increased slightly. The rise in gasoline prices and the reduction in salaries tax have ended up constituting a negative factor in some areas.”

On the 17th, European Central Bank (ECB) executive board and German central bank governor Jens Weidmann said in an interview with the media that if the economic data shows that the economic situation in the euro zone is still further deteriorating, then the European Central Bank will need to Consider further lowering interest rates.

On the 19th, Fitch Ratings issued a report that lowered the default rating of long-term issuers in the UK from "AAA" to "AA+". This has caused investors to worry about the global economic trend.

Domestic economic dynamics:

The 113th Canton Fair officially opened on the 15th. The current Canton Fair has an exhibition area of ​​1.16 million square meters, with a total of 59,531 booths, an increase of 22 over the previous session. There were 24,746 exhibitors from home and abroad, a decrease of 94 companies over the previous session.

The 15th Bureau of Statistics announced that China’s GDP in the first quarter increased by 7.7% year-on-year, which was lower than market expectations. In addition, the industrial added value above designated size increased by 8.9% year-on-year in March, and the total retail sales of consumer goods increased by 12.6% year-on-year, both slightly lower than market expectations. In the first quarter, industrial and retail sales rose by 9.5% and 12.4% respectively. From January to March this year, fixed asset investment increased by 20.9% year-on-year.

In the first quarter of 2013, monthly exports of textiles and clothing fluctuated dramatically. In January and February, due to the year-on-year low base year-on-year and the major market restocking, exports grew, with an increase of nearly 70% in February. However, as the global trade environment did not really improve, exports in March turned to fall. In the same month, exports were 16.72 billion U.S. dollars, down 11%, of which textile exports were 7.5 billion U.S. dollars, down 11.8%; apparel exports were 9.22 billion U.S. dollars, down 10.4%.

From January to March, textiles and apparel exports totaled 57.88 billion U.S. dollars, up 15.7%, of which textile exports were 22.57 billion U.S. dollars, up 10.4%, and apparel exports were 35.31 billion U.S. dollars, up 19.4%.

The latest statistics from the General Administration of Customs show that in March 2013, China’s imports of textiles and clothing amounted to approximately US$2.325 billion, an increase of 9.61% year-on-year, an increase of 8.51 percentage points over the same period of last year, and an increase of 67.98% from the previous quarter, an increase of 60.32 percentage points from the same period of last year. Imported textile yarns, fabrics and products totaled 1.905 billion U.S. dollars, an increase of 8.41 percent year-on-year, an increase of 8.93 percentage points; a quarter-on-quarter increase of 74.5%, an increase of 62.71 percentage points from the same period of last year; and imports of clothing and clothing accessories of 421 million U.S. dollars, an increase of 15.38 percent year-on-year. %, the growth rate increased by 5.72 percentage points over the same period of last year; the chain increased by 43.68%, and the increase rate increased by 52.26 percentage points compared with the same period of last year.

From January to March 2013, the cumulative import of textiles and clothing was 5.891 billion U.S. dollars, an increase of 490 million U.S. dollars over the same period of last year, an increase of 9.07% year-on-year. The growth rate increased by 4.11 percentage points year-on-year.