Textile Industry Is Approaching Off-Season And Cotton Prices Are Rising Steadily.
1 and 30, the spot price of cotton in the main producing areas: 229 Xinjiang 19828328, Hebei Shandong and Henan 18575, southeast coastal 18516, 18379 middle and lower reaches of the Yangtze River, 18283 inland Northwest.
2 and 30 China cotton price index 18316 (+8), 2 grade 19406 (+4), 4 17646 (+11), 5 grade 15997 (+9).
3, 30, August settlement price 18812 (+23); zhengmian 1209 contract settlement price 18305 (-205).
4 and 30, the price index of imported cotton SM was 90.14 cents (+0.03), M reported 87.66 cents (+0.05), and SLM reported 84.39 cents (+0).
5, 30, the US cotton ICE1212 contract settlement price is 71.13 (-0.32), ICE inventory 55154 (-263).
On the 6 and 30 days, the prices of downstream yarn CYC32, JC40S and TC45S were 25380 (+0), 30430 (+0) and 20275 (+0) respectively.
7 and 30, China Textile City's total fabric market was 486 (-57) million meters, of which cotton cloth 91 (-30) million meters.
The textile industry has been in the off-season, and the starting rate has continued to decline.
cotton
Spot prices have stabilized and picked up; the external cotton industry has been under pressure from abundant supply and ICE cotton has been lowered. Due to the sluggish demand for downstream, spinning links are losing profits or even losing money. Recently, due to the rumors of throwing stocks, Zheng cotton continued to decline. Yesterday, the speculation was confirmed by rumour yesterday.
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