资讯 1 10 英文网 284 Textile News 562148 CNCotton Yarn Weekly (Aug 9, 2016) 2016-08-09 13:49:58 yangfang
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CNCotton Yarn Weekly (Aug 9, 2016)
2016-08-09

Part I  Textile market summary 

  

Last week (August 1-8, 2016), physical price remained steady. Textile prices eased from previous highs. On August 8, the 10S EO yarn average price was 13,860 yuan/ton, down 120 yuan from a week earlier; the 45S T/C yarn average price was 18,070 yuan/ton, down 20 yuan; the 40S combed cotton yarn average price was 25,150 yuan/ton, down 350 yuan/ton; the 32S carded cotton yarn average price was 22,505 yuan/ton, down 450 yuan. 

  

CGC32 (cotton grey cloth) index was 5.62 yuan/meter, unchanged from a week earlier; CGR30 (rayon grey cloth) index was 4.63 yuan/meter, up 0.01 yuan; CG JC40 (combed cotton yarn) was 7.92 yuan, unchanged. CGT/C45 (polyester grey cloth) index was 4.48 yuan/meter, down 0.02 yuan; CGOE10 (denim) was 9.16 yuan/meter, unchanged. 

  

Rising raw material cost encouraged mills to raise yarn offers, which is less aggressive. On August 5, one Shandong mills offered C21S, C32S and C40S at 18700, 20500 and 23200, up 100-200 yuan from prior week. Mills reported a general caution in the cotton yarn market and sales were stagnant and price negotiations were need for each contract. Operating rate is also falling. One mill in Henan said sales of medium and higher count yarns are also weaker now and stock is building. C40S is sold at 25600 ex-warehouse with discount. Buying intention remains low. Sales of OE yarn are flat. Some are said to have unloaded much of their stock during price advance. One mill in Zhejiang offers OEC8S at 13650 and 10s at 13850, 16S at 16600. Operating rate is about 50%, which is also the level for downstream makers. 

  

Part II  Textile News 

  

Foreign yarn price continued to advance. Merchants reported a general rise in Indian offers. SIMA said despite a lower domestic cotton price, cotton yarn gains are still running well behind and mills have no choice but keep offering high, which supported consignment yarn offers. Current stock is estimated at 75000 tons and the pressure is growing. 

  

Price breakdown by region 

 

Yuan/ton

C32S

JC32S

C40S

JC40S

TC45S

OE10S

Polyester Staple

Shandong

20300

28200

23000

28500

17000

13000

7100

Jiangsu

21000

22500

22100

23500

17300

11600

6450

Zhejiang

20800

22500

21800

23800

17500

11800

6360

Guangdong

19700

23500

22800

24500

-

11760

6350

Southwest

19800

-

22300

-

-

-

6500