Weekly Review Of Pu Yuan Woolen Yarn (30-7 June, 6)

Although the price of raw materials in the upstream is showing a trend of concussion, the average daily turnover in Pu market is still declining compared with that of last week.

From the starting situation of the downstream knitting flat knitting machine, the production and running rate of the three sites in Wujiang Hengfan, Jiaxing Honghe, Tongxiang Pu Yuan and so on is currently about 85%.

The production of sweater sweaters in the front of the market is decreasing in season. It is estimated that there will be a moderate decrease in the volume of the market, and the overall price of wool yarn will be dominated by consolidation.

Judging from the trend of market varieties, the price of all Australian wool yarn and wool worsted yarn in this market is stable during this week, but the volume of the market has continued to decline.

The market trend of Australian yarn is "stable in quantity and price", and some Australian nitrile yarn is not bad. For example, a 30/70 of 48 nitrile free yarn has a large demand.

Trading volume rebounded slightly, of which 16 rabbit hair yarn 50/50 downstream demand increased, mainly for the autumn lady's dress, while rabbit wool yarn price trend has changed little now, 16 rabbits.

50/50 price is around 73900 yuan /T.

The market price trend is relatively stable, but the volume of pactions is still small.

Flash imitation rabbit hair yarn and other markets have been on a small scale recently, but the price trend has not changed significantly this week.

In addition, a modal cashmere yarn 48Nm/290:10 has attracted the attention of sweater manufacturers, and the market sales trend is gradually developing. It is mainly used to produce women's short coat sweater series.

210D/36F nylon -6FDY is not in demand this week, and the price is slightly down.

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This week's ICE cotton futures price is on the high side. It is mainly supported by some positive factors. First, in June 30th, the US Department of Agriculture released the actual planting area report of the US cotton 2015/16. The actual planting area of the United States cotton in the year of 8 million 998 thousand is about 18.47% acres, a decrease of 18.47% Mu compared with the same period in March. Compared with the 9 million 549 thousand acre planting area in March, it reduced 551 thousand acres, of which the land cotton area was 8 million 850 thousand acres, a decrease of 18.40% over the same period last year; Pima cotton 148 thousand acres, a decrease of 22.92% over the same period.

The report estimates that the data are below 9 million 150 thousand acres expected by the market, and the estimated data is the lowest level since 1983.

Rainfall in Texas, the largest cotton producing state in the United States, has impeded cotton planting. The sowing rate in this state has been slower than in previous years and in other states, which may cause a decrease in planting area. Other cotton producing areas also cause delays in the accumulation of water and planting in the cotton fields due to excessive rainfall in spring.

The US Department of Agriculture said it would investigate Dezhou again after the recent floods.

The decrease in planting area is expected to be the most important factor in this week's support for Tuesday's price increase. Two, the sales report of the US cotton market is good, and the US Department of agriculture's cotton export sales report released on Thursday showed that the US 2014/15 cotton export net sales of 80500 packages increased by 33% over the previous week, compared with the previous four weeks mean increase of 22%. The main export destinations were Vietnam, Indonesia and Turkey. During the week, the US 2014/15 cotton export shipment 230400 packs, 23% more than the previous week, mainly shipped to Vietnam, Indonesia and Mainland China. According to the statistics of the US Department of agriculture, as of June 18th, the amount of net cotton export signed by the US 2014/15 reached 2 million 523 thousand tons in June 18th, reaching 107% of the forecast of USDA, which is 104% higher than that of the same period last year.

US cotton shipments totaled 2 million 206 thousand tons, reaching 94% of USDA forecast, 93% higher than that of the same period last year. Whether from weekly or overall, the US cotton sales overall are better; three is China's dumping and storage, according to the price announced by the Chinese government, we can see that the reserve price of cotton auction is higher than the current price, and high price dumping is beneficial to the stability of domestic and international cotton prices.

The above factors supported the December contract price, which stayed near 68 cents, and hit a 11 month high on Thursday.

　　从本周的走势也可以看出，这些利好因素影响有限，价格没有形成实质涨幅，周二盘中还出现大幅的下挫，显然棉价还是受一些利空因素所束缚，本周的主要利空因素一是希腊目前的紧急援助计划周二到期，其与国际债券人间关于紧急救助的谈判破裂，投资者担心没有了国际援助贷款，希腊将违约并开始退出欧元区，投资者的风险厌恶情绪造成全球股市、大宗商品等资产市场被大量抛售，棉花也受此负面影响;二是年末库存居于高位，需求改善阻力重重，国际棉花咨询委员会周三公布的数据显示，2015/16年度全球棉花产量为2392万吨，消费量2491万吨，产量上调而需求预估下降，全球年末库存上调11万吨至2090万吨，棉花结转库存继续上升，供应过剩有加重之势，中国和印度都在释放储备棉，供应增加需求却没有相应增加，加上美元走强，市场多头信心不足，之前一

After the week rose, speculators bought the market to cool down, and investors took profits before the long weekend holidays, which inhibited the rebound in prices and fell slightly in the adjustment.