In mid-January, affected by market demand, the overall performance of the yarn market was stronger than that of the cotton market. In some areas of Shandong, the cotton market purchased and sold normally, maintaining a tepid situation, while the cotton yarn market remained strong.
It is reported that there are few ginning plants in the mainland, and Shandong is temporarily leading the mainland cotton market. Among them, the purchase price of seed cotton in some gins in Heze and Jining is 3.78-3.80 yuan/jin. (clothes content is 40%, moisture content is less than 15%), the ex-factory price of third-grade lint cotton is 15,400 yuan/ton (gross weight, with ticket), and the purchase price of seed cotton from Dezhou and Liaocheng gin factories in northwest Shandong is 3.90-4.00 yuan/jin ( Clothes content 40-43%, moisture content 16% or less), the ex-factory price of third-grade lint cotton is 15,300-16,200 yuan/ton (gross weight, with ticket) according to the precise inspection and three-filament requirements.
Supported by insufficient supply of seed cotton, high-quality and high-price seed cotton has an obvious momentum, but the rise in lint cotton prices has been hindered. Futures prices fluctuated at high levels this week, with the main CF2105 contract hovering at 15180-15395 yuan/ton on Friday. The high point was 95 yuan/ton higher than yesterday, and technical support still exists. Cotton yarn futures have adjusted to high levels, with the main CY2105 contract hovering at 22040-22345 yuan/ton on Friday. The high point was raised by 95 yuan/ton from yesterday. Technical support still exists, and the market may still rise in the future. The spot yarn market performs better than the lint market. High-count yarns in Shandong are in good demand and there is basically no inventory. Some manufacturers have placed orders until March. Some manufacturers have stopped accepting long-term orders, and conventional yarn inventories remain low. Among them, the mainstream ex-factory price of 32 carded ring-spun products is 23,500-24,500 yuan/ton, leading the high price in the mainland market.
Compared with the cotton yarn market, the performance of lint cotton is average. The main reasons are as follows: First, the market supply is generally sufficient, with imported cotton, Xinjiang cotton, and real estate cotton, and yarn mills have relatively few choices. Secondly, there are many external influencing factors, such as epidemic risks and market risks, which make enterprises cautious in their operations. In order to control market risks, they insist on purchasing as they are used or purchasing in small quantities all year round, which restricts the purchase volume of lint and affects other industries. The market development; thirdly, as the Spring Festival holiday is approaching and uncontrollable factors will increase in the future, yarn mills will gradually slow down the pace of lint procurement and purchase and sell within a controllable range.
Due to the current limited resources of seed cotton, ginneries in various places insist on selling as they are processed, resulting in insufficient lint stocks, which provides certain support for spot prices. Before the Spring Festival, the cotton and cotton yarn markets will continue to operate cautiously and orderly. </p
