What Is The Performance Of The First And Second Rounds Of Wisdom Competition?

The conclusion of the first round of negotiations between China and the United States has touched the hearts of all of us. There are comments that the details will be announced after the Lantern Festival. The main reason is that the final decision depends on the top leadership.

The Ministry of Commerce issued the latest dispatch: China and the United States agreed to continue to maintain close ties; to see this round of negotiations, there are two points to encourage: first, this is a contest of wisdom without comment; second, in the face of recent rising prices, what we need is reason.

In January 9th, the 1905 futures contract price of cotton yarn futures closed at 24270 yuan / ton, up 0.12% compared with the previous trading day. In the latest news of noon on January 10th, international oil prices surged 5%, American stocks continued to rise, and the overall market sentiment improved.

Since December, the price of domestic cotton yarn has been reduced by 300 yuan / ton, and factories and traders are not confident in selling. The price of pure cotton yarn has continued to be weak. In January 10th, the price of the combed 32S spot was 23150 yuan / ton, which was still slightly lower than that of the previous day.

Recently, the stock of yarn and downstream fabric has declined, and yarn inventory dropped by more than that of grey cloth. Meanwhile, the market is optimistic about the follow-up negotiations between China and the United States, and the price of substitute polyester is boosted by the price of crude oil, so that the price of cotton yarn has a shock basis.

According to traders from Jiangsu, Zhejiang, Guangdong, Shandong and other cotton yarn traders, the import and export of imported cotton yarn in the past week has been increasing, and the contract has continued to pick up. In addition to Vietnam, India and Pakistan, the C21-C32S high package bleaching knitted yarn or air jet and rapier cotton yarn are relatively active. Besides, the OE10S-OE21S yarn in India, Thailand and other places also bottomed out, and some weaving enterprises and middlemen went to the bonded area to see the goods and make inquiries.

From the quotation point of view, on 8 and 9 January, Qingdao, Ningbo and other ports customs clearance C32S India bleaching and winding of the price of self winding is concentrated at 22700-22800 yuan / ton (including tax), lower than the domestic market price of C32S 300-500 yuan / ton, while C32S Vietnam and Pakistan knitting yarn quoted price is 22500 yuan / ton, lower than the same quality domestic yarn 500 yuan / ton; in a short time, imported yarn "spring is harmonious."

To sum up, the internal and external yarn performance is not the same. It is expected that the domestic cotton yarn will show a trend of concussion in the future.