Cotton Price Has Risen To 24000 Yuan / Ton &Nbsp; Polyester Staple Fiber Or The Best Substitute.

Cotton prices have soared since the new cotton purchase period in September.

On the Zhengzhou Mercantile Exchange, the latest contract cotton one 1011 closed yesterday at 25350 yuan / ton, while the price before August was less than 18000 yuan / ton, and the increase in two months was as high as 40%.

At the same time, the market shows that the price of the recent delivery is higher than that of the long term, for example, the closing price of cotton one 1101 is 23875 yuan / ton, while the cotton one 1109 closing price is 23190 yuan / ton.

Zhang Hongzhou, general manager of Galaxy futures cotton industry department, studied cotton for more than ten years. He told reporters that the recent price of cotton futures is higher than the forward price, indicating that cash is tight.

It is reported that cotton purchase later this year, although the purchase price rose, but

According to Zhang Hongzhou analysis, the reason for the rising cotton price is that the textile demand is good and the domestic supply is insufficient.

In 2010 cotton production is estimated to be about 7 million tons, with a supply gap of about 3000000 tons, accounting for about 30% of the total demand.

In addition, at the end of August, cotton domestic industrial and commercial inventories were at least about 2000000 tons, compared with 3 million to 4 million tons in normal years.

The rise of cotton prices has a great impact on the two major substitute staple fibers and viscose staple fibers, of which polyester staple has the most benefit.

Wang Qian, editor in chief of China textile net, points out that the price difference between polyester staple and cotton is usually between 3000 and 4000 yuan / ton, and the price of polyester staple is 13000 yuan / ton now, while cotton price has risen to 24000 yuan / ton, and the spread of price to 11000 yuan / ton is bound to raise the price of polyester staple fiber.

At the same time, the upstream price of polyester staple fiber is relatively stable, which is conducive to opening the gross space of polyester staple fiber.

Another important factor is that since 2007, the production capacity of PET staple fiber has increased very little.

Polyester staple fiber listed companies include Huaxi Village, S Yihua, Jiangnan high fiber.

Among them, Huaxi Village yesterday and the day before yesterday has two consecutive trading day trading.

But the rising cotton prices have made tremendous pressure on cotton enterprises, such as Huamao stock, Huafang textile, Zhejiang Fu run, Huarun Jinhua, Xinye textile, Huafu color spinning and so on.

Polyester staple or best substitute

Cotton prices, like rocket launches, have gone through an unprecedented surge. They are now breaking through the historical high of 22600 yuan / ton, with the highest increase of 120.70%.

In the spot market, the spot price of grade 328 cotton rose from the 18000 yuan / ton in the early September to the current 22250 yuan / ton, a record high since 2002.

In China's textile fiber consumption structure, cotton, viscose staple fiber and polyester staple fiber dominate. Cotton spinning enterprises spin it into cotton and blended yarns, and then weave yarn and viscose filament and polyester filament into cotton and blended fabrics by weaving enterprises.

Due to the limitation of output, the proportion of cotton in textile fibers has gradually decreased, while the proportion of chemical fiber has increased steadily. Polyester fiber accounts for the largest proportion in chemical fiber, and its proportion increases rapidly. The substitution effect on cotton is most obvious.

At this stage, cotton prices are at historically high level. Downstream weaving enterprises are facing higher cost pressures and have to find cheaper alternatives. Therefore, demand for polyester is increasing and prices continue to look good.

Because the amount of polyester filament is larger than that of polyester staple fiber, in the long run, the shortage of cotton is mainly made up of polyester filament.

We expect that the gap between supply and demand of cotton will still exist in the future, and the price of cotton will continue to rise. The "substitution effect" of polyester will continue to be realized, and polyester filament is expected to enter the "super boom cycle".

In addition, the price of international crude oil has been stable, and the price of polyester raw materials has stabilized, which has also promoted the steady rise of polyester filament prices to a certain extent.

Research shows that the traditional polyester industry is mainly affected by market supply and demand, and the fluctuation of product prices is obvious, so it is difficult for enterprises to obtain sustained and stable returns.

Therefore, enterprises urgently need to develop differentiated and functional polyester filament, increase the added value of products and the economic benefits of enterprises, and promote the pformation from quantity to benefit.

The differential polyester filament is mainly made of several modifications, such as shape (fine denier, profiled section, etc.), high performance (high strength, high modulus, low shrinkage, etc.), high function (high sensibility, hygroscopicity, moisture permeability, water repellency, antistatic and electrical conductivity, ion exchange and antibacterial property).

Among them, fine denier and ultra fine denier as the main differentiated varieties of polyester filament, technology is basically mature, product size and quality are relatively stable.

To sum up, under the background of high cotton price and polyester "substitution effect", the development of fine denier and super fine denier polyester filament can not only make up for the market demand, but also improve the characteristics of the fabric to make it more competitive.

Xinmin technology and other related differentiated polyester filament enterprises will benefit.