On July 13, the average market price of 3128b lint was 17392 yuan / ton, down 0.95% from the previous trading day and up 3.98% year-on-year.
POLYVINYL ALCOHOL |
On July 13, the domestic cotton price index was 3128b, with an average price of 17408 yuan / ton, down 151 yuan / ton from the previous day. On the 13th, the State Reserve opened the first round of collection and storage, purchasing 5000 tons through the trading market, with a maximum price of 17550 yuan / ton (standard grade 3128b). The current cotton price trend is downward, and the collection and storage policy has a relatively limited role in supporting the bottom of cotton prices. Yesterday’s USDA July data reduced global consumption and increased ending inventory. Ice American cotton prices were under pressure to fall by the limit, while domestic Zheng cotton prices fell synchronously, falling below the 15000 mark. The psychological defense line of market participants’ continuous downward adjustment was broken one after another.
The downstream cotton yarn market has been dragged down by the falling cotton price, and the textile industry as a whole has encountered the problem of shortage of orders. Superimposed on the recent high-temperature power cuts in some areas, the number of textile enterprises that have holidays and downtime has increased, and the startup rate of yarn mills continues to decline. Due to large fluctuations in the price of raw materials, the quotation of some cotton mills was suspended. With the continuous decline of cotton prices, the confidence of the cotton textile market continued to decline, and there was a strong pessimistic atmosphere. The textile mills reported that the cotton continued to decline, resulting in a lack of follow-up orders, a decline in the grey cloth market, and an increase in the inventory of finished products of textile enterprises. At present, commodity prices are generally falling, and there is a lack of good news in the market. It is expected that cotton prices may still be weak.
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