Dragon Boat Festival holiday, the domestic cotton spot market is like the weather in general hazy, turnover is deserted, there is no market price, the actual market fell slightly again. China's current cotton price index CC Index 328 was 18,279 yuan per ton, which was 46 yuan less than that before the holiday, CC Index 229 was 19,391 yuan per ton, down 35 yuan; CCIndex527 was 16,024 yuan per ton, down 22 yuan.
Last Thursday (21st), the merger transaction and the downfall of Zhengmianxu once again injected pessimism into the already-weary spot market. Coupled with the overcast and rainy weather in many areas during the holiday season, it was not conducive to spot trading. The inquiry price of textile enterprises was obviously reduced, the market was stable, there was no market for actual prices, and a small amount of transaction prices fell slightly.
According to Cotlook, spot cotton spot prices continued to drop sharply on the 22nd, with Cotlook(FE) at 80 cents/lb on the day, down 4.6 cents from the previous day, and under 1% tariff and sliding tariff respectively. It was 12923 yuan/ton and 14044 yuan/ton, which were lower than today's CCIndex328 grades of 5356 yuan and 4235 yuan respectively.
Compared with other cotton spinning materials, today's polyester staple fiber price is 9,700 yuan / ton, viscose staple fiber is 14,650 yuan / ton, respectively, lower than the cotton spot 8,579 yuan and 3,629 yuan; and the yarn price ratio, today KC32 yarn yarn 24608 Yuan/ton, 6329 yuan higher than CCIndex328 level.
Last Thursday (21st), the merger transaction and the downfall of Zhengmianxu once again injected pessimism into the already-weary spot market. Coupled with the overcast and rainy weather in many areas during the holiday season, it was not conducive to spot trading. The inquiry price of textile enterprises was obviously reduced, the market was stable, there was no market for actual prices, and a small amount of transaction prices fell slightly.
According to Cotlook, spot cotton spot prices continued to drop sharply on the 22nd, with Cotlook(FE) at 80 cents/lb on the day, down 4.6 cents from the previous day, and under 1% tariff and sliding tariff respectively. It was 12923 yuan/ton and 14044 yuan/ton, which were lower than today's CCIndex328 grades of 5356 yuan and 4235 yuan respectively.
Compared with other cotton spinning materials, today's polyester staple fiber price is 9,700 yuan / ton, viscose staple fiber is 14,650 yuan / ton, respectively, lower than the cotton spot 8,579 yuan and 3,629 yuan; and the yarn price ratio, today KC32 yarn yarn 24608 Yuan/ton, 6329 yuan higher than CCIndex328 level.
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