ICE Cotton Prices Continue To Remain Low.

ICE cotton futures closed up on Monday. The most active December contract rose 0.24 cents, closing at 61.90 cents. Investors are extending the December contract to March. March contract is about to become a new main contract. As of November 8th, cotton harvest rate was 58% in the week of November 8th, and 50% in the previous week. The harvest will continue, and the next seven days will be conducive to cotton harvest.

Recently, the price of quality cotton has been strengthened due to the replenishment of textile enterprises. Taking length as an example, the price difference between 3128 and 3127 cotton has widened. The length of 1mm is 400-600 yuan / ton, indicating the different attitudes of downstream textile enterprises to inferior cotton.

The simultaneous reduction of outbound cotton imports and warehouses indicates that market demand for foreign cotton is decreasing, import quotas are tightening and demand turning to domestic will also make this situation normal.

The market is still in the empty market.

At present, the market is dull. Investors await the monthly report of the USDA's monthly supply and demand report. In recent weeks, the weekly sales volume has increased significantly, and the export shipment data is the highest in the market.

It is uncertain whether the Ministry of agriculture will cut down on cotton export forecasts, and the market will be cautious before the report is released, but the extension will make the contracts in the near future weaker and the contracts far stronger.

Zheng cotton futures contract opened high on Monday, rising 110 yuan, closing at 11735 yuan, closing about 114 thousand hands, holding about 32.5 million hands.

Spot, China yesterday

Index 3128B cotton newspaper 12981 points, down 11 points, adequate supply of spot market, cotton spot quotes to maintain low adjustment, but because of high-grade cotton there is a gap expected.

Related links:

Wool yarn volume continued to enlarge, the price trend was stable.

Judging from the trend of market varieties, the demand for Australian yarn and rabbit yarn is rising.

The whole nitrile and nitrile chenille has been on the market recently.

It is estimated that the volume of wool yarn market will remain at a high level next week, and the price trend will be adjusted.

Judging from the trend of market varieties, the market has maintained a good trading trend, especially some anti pilling Australian nitrile yarn is especially popular, and the price trend is stable.

Although the market volume of national worsted yarn increased slightly this week, prices remained stable and steady, for example, the price of 24 national worsted spinning yarns was 49600 yuan /T.

The demand for rabbit wool yarn increased, of which 16 rabbit wool yarn prices were relatively strong.

The flash imitation rabbit hair yarn has recently been on the market.

The market of polyester colored yarn has shown a trend of "rising price and flat price" this week. The reason is that the downstream demand is rising recently.

Acrylonitrile yarn is generally traded in the market, but the paction price shows a temporary steady trend. The cashmere and imitation rabbit hair are shipped smoothly in the market this week, and the market quotation is stable.

It is understood that the recent market cotton cashmere yarn 48Nm/2 more smooth.

The sheep yarn market has been shipped frequently, and the price trend has changed greatly.

In addition, the market of spun silk cashmere yarn has been moving around. Among them, spun silk cashmere yarn 70 spun silk 30 cashmere has been shipped frequently, and the product is used to make underwear sweater.