The announcement of rotational storage policy gives textile companies a “reassurance”
In the week of November 21st to 25th, the National Development and Reform Commission and the Ministry of Finance announced an announcement , it is decided that the rotation of cotton reserves in 2017 will start from March 6, and the deadline is tentatively set at the end of August. 30,000 tons will be listed daily, and adjustments will be made in case of extraordinary circumstances. As soon as the announcement came out, the market paid attention. , Xinjiang seed cotton prices fell back from stagflation. As of November 26, the price of seed cotton in Aksu, Kashgar and other places in southern Xinjiang was 7.05-7.20 yuan/kg, which was generally stable, with a partial decrease of 0.05 yuan/kg. Fine-staple cotton stagnates, while long-staple cotton rises first and then flattens. As of November 26, the price of 32% long-staple cotton in Awati and Shaya counties was 7.75-7.80 yuan/kg, an increase of 0.05-0.10 yuan/kg from the previous week. However, after the announcement of the rotation storage policy, long-staple cotton The rise is obviously weak. Second, spot prices are sluggish and partially falling. On November 26, the pick-up price of cotton at the “Double 29” hand-picked cotton station in southern Xinjiang was 15,800-15,900 yuan/ton, down by about 100 yuan/ton; the price of machine-picked cotton at the “Double 28” machine-picked station in northern Xinjiang was 15,200-15,300 yuan/ton, and the price was stable. . Some companies have accelerated the pace of moving warehouses, and some companies have also made concessions in certain transactions. The purchase of mainland seed cotton is even colder. Some manufacturers have stopped harvesting to focus on sales. In addition, the purchasing willingness of textile enterprises has declined, and the real estate cotton is even colder.
With the announcement of the rotation reserve policy, most textile companies said they had received a “reassurance”. When it comes to purchasing raw materials, we insist on buying as much as we need and never hoarding. The person in charge of a textile company in Shandong said that in fact, larger companies do not lack cotton, and there is enough to support them until around the Spring Festival. Therefore, we can wait for cotton prices to fall back. In terms of cotton yarn sales, prices continue to rise. As of November 26, the prices of carded 21S, 32S, and 40S in Shandong, Hebei and other places were 19,500-20,000 yuan/ton, 21,800-22,300 yuan/ton, and 23,100-24,000 yuan/ton respectively, with the center of gravity rising by about 100 yuan/ton. Recently, the sales of conventional yarn have picked up, with both volume and price rising in some areas. The sales of combed high-count yarn are average, with orders from old customers still being the main ones, and there are not many new orders. On November 26, the price of JC60S from a company in Jiangsu was 37,500 yuan/ton, the same as the previous week, and the price of 100% long-staple cotton JC80S was 59,600 yuan/ton, an increase of 100 yuan/ton from the previous week. The polyester-cotton yarn market in various places is stable, with the price of T80/C2021S at 12,500 yuan/ton and the price of T80/C2032S at 13,500 yuan/ton, remaining stable.
In terms of imported yarn, the sales of conventional imported yarn have been relatively good recently and the price has been firm. On November 26, the forward CNF quotations of India’s C21S, C32S, and JC32S were US$2.45/kg, US$2.66/kg, and US$2.90/kg respectively, and the RMB discounted prices were 20,910 yuan/ton, 22,673 yuan/ton, and 24,687 yuan/ton respectively. From a price point of view, the recent price inversion of imported yarn has been serious, and many traders have suffered huge losses.
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