Cotton Market Weak Policy Release Effect Takes Time

< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a >: the average price of grade 527 cotton to plant is 16915 yuan / ton, or 2 yuan.

Domestic: reserve cotton has been released for two consecutive days without import. However, judging from today's auction situation, it was more active yesterday.

International: (7.5-11) a week, the US signed a net export of 11431 tons of upland cotton this year (an increase of 54% over the previous week, an increase of 4% over the average of nearly four weeks), and 29189 tons of shipment (1% more than the previous week, but 20% less than the average of nearly four weeks).

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< p > > a href= "http://cailiao.sjfzxm.com/" > cotton yarn < /a >: the whole cotton yarn sales continued to be weak last week, the shipment of the spinning enterprises was generally not smooth, the paction concessions were more favorable, the market was not popular, the shipment of high-grade yarn was slightly stable, the shipment of the high count yarn was shrunk, some of the sales were sold, and the middle and low grade yarn was slow.

The stock of the cotton mill is high, the capital flow is not smooth, and the business is difficult. The imported yarn is slow to sell and the price is loose.

A textile mill in Guanxian, Shandong has a large amount of cotton yarn. Combing the 32S price is 30200 yuan / ton, the 40S price is 31200 yuan / ton, and the combed compact spinning 50S price is 36500 yuan / ton.

The Hutang market is full of cotton yarn shipments. The first combing 32S price in Hebei is 29500 yuan / ton, the 40S price is 31000 yuan / ton, the price of 32S is 29500 yuan / ton, the 40S price is 30500 yuan / ton, and the discount is most favorable.

Imported yarn has sufficient spot resources, lighter shipments, and a slight decline in price. Now the price of 21S class a yarn in India is 23500-23600 yuan / ton, and 32S Vietnamese yarn price is 25500-25600 yuan / ton.

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< p > macroscopical: the central bank issued a lower limit on the weekend to abolish the loan interest rate of financial institutions 0.7 times. The financial institutions independently determine the loan interest rate level according to the commercial principles, cancel the discount rate control of the bill, change the discount rate on the basis of the rediscount interest rate, and add a certain way to determine the loan interest rate, which is determined by the financial institution independently, and no longer set the upper limit for the loan interest rate of the rural credit cooperative.

The effect of this action on market stimulus remains to be seen. At present, the yarn market is overcapacity, and the downstream demand is insufficient.

It will take time for policy to release its effectiveness.

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< p > grey cloth / < a href= "//www.sjfzxm.com/news/index_f.asp" > fabric > /a >: grey fabric market is not good, and overall weak and stable.

Judging from the specific varieties, the cotton denim has recently increased the number of inquiries from local children's clothing enterprises, and the products tend to be thin to adapt to the production of children's clothing in the early autumn.

The sales of all cotton gauze cards in all cotton grey fabrics are still good, and the products are suitable for making trousers.

There are more sporadic trades on cloth in cotton beds, and sales of local varieties have increased slightly. 1 30x30 68x68 104 "and some cotton satin striped fabrics are frequently traded on the market, which are mainly suitable for making quilts and pillowcases.

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