【 Cotton Information 】

 1. According to the China Cotton Quality Notary and Inspection Network, as of April 2, 2023, Xinjiang has been inspecting 6,064,200 tons of 2020/23 lint. In 2022/23, the number of cotton inspection enterprises in Xinjiang reached 973, while in 2019/20, 2020/21 and 2021/22, the number of inspection enterprises was 809, 928 and 970, respectively, showing four consecutive increases.

 2, April 3, Zheng cotton continued the shock trend, CF2305 contract opened 14310 yuan/ton, the final up 15 points to close at 14335 yuan/ton. Spot supply increased, cotton price fluctuated slightly, maintaining weak transaction, the downstream cotton yarn trading flat, the early orders gradually completed, the subsequent orders are still insufficient, the textile enterprises purchase cautiously, finished product inventory accumulation. Overall, the macro mood improved, the market focus gradually turned to planting area and downstream orders, short-term difficult to have a trend, shock idea treatment.

 3, 3 days of the domestic cotton spot market lint spot prices held steady. On the 3rd day, the basis difference was stable, and the CF305 contract basis difference of some Xinjiang warehouses 31 pairs 28/ 29 pairs was 350-900 yuan/ton. Some Xinjiang cotton Inland warehouse 31 double 28/ double 29 corresponding CF305 contract with impurity 3.0 within the basis difference of 500-1100 yuan/ton. The futures market on the 3rd was relatively stable, the spot price of cotton was little changed, some enterprises slightly increased the price of 30-50 yuan/ton, cotton enterprises sales enthusiasm is good, the price resources and point price resources volume trading. The price of finished yarn of textile products in downstream textile enterprises remains stable. At present, domestic orders are OK, but there are signs of weakening. The weakness of foreign orders continues. It is understood that at present, Xinjiang warehouse 21/31 double 28 or single 29, including miscellaneous within 3.1% of the delivery price is 14500-15700 yuan/ton. Some mainland cotton base difference and one price resources 31 pairs 28 or single 28/29 delivery price in 15200-15800 yuan/ton.

 4. According to the feedbacks from cotton trading enterprises in Qingdao, Zhangjiagang and other places, with the strong rebound of ICE cotton futures last week and the rising cost of holding goods, the enthusiasm of cotton enterprises in quotation and shipment rebounded significantly compared with the early and middle of March. As traders increased the base margin of customs clearance cotton and bonded cotton at some ports, and cotton textile continued the depressed state of “strong expectation but weak reality”, The downstream cotton textile factory, the middleman carefully fill the library. Huangdao a medium-sized cotton importer said, ICE main break 80 cents/lb resistance level, Shandong, Henan, Hebei, Jiangsu and other places of old customers inquiry enthusiasm subsided significantly, at present only RMB resources have intermittent transactions. According to the investigation, due to the large difference in the cost of traders holding spot cotton from the United States, Brazil and Africa, the quotation of RMB resources in ship cargo, port bond and customs clearance is relatively chaotic, which causes certain troubles to the inquiry and procurement of cotton mills.

 5. From March 24 to 30, 2023, the average spot price of standard grade in seven domestic markets in the United States was 78.66 cents per pound, up 3.23 cents per pound from the previous week, down 56.20 cents per pound from the same period last year. During the week, 27,608 bales were traded on the seven largest domestic spot markets, bringing the total for 2022/23 to 521,745 bales. The spot price of upland cotton in the United States is rising, the foreign inquiry in Texas is light, the demand in India, Taiwan and Vietnam is the best, the western desert region and SAN Jokin region foreign inquiry is light, Pima cotton prices are falling, cotton farmers want to wait for demand and price recovery before selling, the foreign inquiry is light, the lack of demand continues to suppress Pima cotton prices. During the week, domestic mills made inquiries for Q2-Q4 shipments of Grade 4 cotton, and purchases continued to remain cautious as yarn demand remained weak and some mills remained idle. American cotton export demand is general, the Far East region for all kinds of special price varieties have inquiries.

【 Yarn Information 】

 1, 3 cotton yarn futures prices fell, the market low support to go flat, individual spinning slightly downward adjustment, down 50-100 yuan/ton, high support is still tight, combed 60 offers are more than 30000 yuan/ton. Most of the orders of textile enterprises received at the end of April, short-term orders do not worry, the construction level is high, but the future market is not very optimistic, downstream new orders gradually reduced, downstream buy, procurement is not active. In terms of raw material purchase, most textile mills replenished stock at or below 14000 in the early stage, and the current inventory is sufficient. With the futures price rising to more than 14200, the overall cotton purchasing strength of textile enterprises is weakened, and the wait-and-see sentiment is heating up.

 2. The new round of price policy of large domestic viscose staple fiber factories has been implemented. The quotation of conventional textile varieties is 13400 yuan/ton for acceptance, 100 yuan/ton lower than the previous quotation, and there is still rebate to meet the delivery conditions, with a range of about 200 yuan/ton. Real single negotiation preferential. The whole part waiting in the early stage just needs to be replenished by the customer. Now we start to negotiate and sign the order. And the market is concerned about this round of signing, now the low-end price of 12900-13100 yuan/ton, high-end price in about 13100-13200 yuan/ton.

 3. After the yarn exhibition, the recent replenishment of imported yarn is a little stalemate, and the price of outer yarn is still falling, but because the capacity load of overseas yarn mills is still to be recovered slowly, there is no inventory overhang pressure, so the price advantage is not obvious. Disturbed by the weakening of downstream demand, the transaction confidence of cotton yarn market is relatively poor. The price of imported yarn is mainly stable. There is no lack of low-price resources in the market, and the price support is still weak. In terms of price: Guangdong Foshan market downstream knitting orders continue to decline, traders domestic high-distribution C32S knitting yarn ticket price around 22800 yuan/ton, real single transaction discounts. Recently, the transaction of imported gas spinning in Lanxi market is slightly weak. The trader Vietnam OEC21S package bleach is near 19300 yuan/ton with low quality and tax.

 4. At present, the price of imported yarn outer plate is stable with a decline, and the price center of gravity of Indian cotton yarn continues to decline, with tight spinning and air spinning falling slightly; There was little overall movement in other markets; In addition, due to the macro impact of recent dollar exchange rate fluctuations frequently need to pay attention to. In terms of price: Vietnam Pu-comb price is stable, the transaction center of gravity is slightly down, cotton mill C32S woven package drift offer 2.99 USD/kg, equivalent to RMB 23700 yuan/ton, May shipment date, L/C at sight; The quotation of Indian tight spinning has been slightly lowered. Traders’ first-line tight spinning JC32S woven fabric can offer a price of 3.18 USD/kg, equivalent to 26100 RMB/ton, shipping date in late April and May, 30 days L/C.

 [Grey Fabric Printing and Dyeing Information]

 1. Recently, the price of cotton market is relatively stable, and the orders have improved compared with the previous period. Most of the orders are for domestic sales, and the conventional varieties are basically 32/40 series, cotton and polyester cotton medium thin fabric. (Managing the Blog Department – Zhang Zhongwei)

 2. Recently, the domestic market of home textiles is better, the price of conventional varieties is strong and the grey fabric supply is tight, and the goods need to queue up, which has been alleviated. Due to the shortage of high count yarn supply, the delivery time of fixed weave varieties has been extended. Printing and dyeing factory domestic sales orders are generally busy, the delivery time is 15 ~ 20 days, specializing in export dyeing factory orders are general, but also to seek a breakthrough in domestic sales orders. (Yu Weiyu, Home Textiles Division)

 3. Recently, the domestic sales order is mostly, the export market is cold, the customer has been in the inquiry and lofting, the actual order has not yet fallen. Yarn price is relatively stable, some conventional varieties have quantity price to talk about. Differentiated fiber, special varieties of customer inquiries more than usual, conventional grey cloth to thick fabric shipment, customers basically no longer stock, are on-demand procurement.