Polyester Staple Fell 600 Yuan &Nbsp, The Bottom Is Still Unknown.

　　 PTA below 10000 yuan

The global economy will once again plunge into a recession. futures Prices fell sharply. At the close of 28, the New York Mercantile Exchange's November light crude oil futures closed at $81.21 a barrel, down 8.68% compared with the beginning of September, while the London Beihai Brent crude oil futures in November closed at $103.81 a barrel, down 9.17% from the beginning of September.

Affected by this, coupled with the deepening of the European debt crisis, and the continued negative macroeconomic environment, the PTA futures plunged and returned to the 10000 yuan channel. On the 14 day, the PTA futures market of Zheng Shang's market ended in a big jump. Then, under the influence of the systematic market slump, the price of the PTA fell again. It closed down for nearly ten trading days. As of the 28 closing date, the main 1201 contract ended at 8496 yuan / ton, compared with the settlement price of 13 days in the middle of the month, a sharp decrease of 1698 yuan / ton, or a decrease of 16.66%, reaching the lowest closing price in nearly three months.

At the same time, the PTA futures market slump also transmitted to the PTA spot level, futures driven spot down. The PTA spot market also started a sharp correction in the middle of September. The price of the seller's offer in the intra market market fell from 10700 yuan / ton to the current 9500 yuan / ton in half a month, or 11.21%, and the external market market also declined sharply. The Taiwan goods market quotation was adjusted from 1365 US dollars / ton to about 1220/ tons, or 10.63%.

　　 Cotton market goes down again

With the deterioration of the external macroeconomic environment, the hard won rising momentum of the cotton market was again suppressed, and the market as a whole showed a fall, and the turnover was slower than before. The domestic cotton spot market has been weak in recent years, but the turnover is not encouraging. Judging from China's cotton price index, the current CC Index 328 level is 19980 yuan / ton, CC Index 229 grade cotton is 21435 yuan / ton, CC Index 527 level cotton index is 17243 yuan / ton. On the spot, the lint price of grade four is about 19500 yuan, and the cost of grade three lint is at 20000 yuan / ton, and the settlement price is about 20500 yuan / ton, and the profit is low. Under the influence of production and marketing is not optimistic, it is expected that the possibility of a drop in cotton prices will be greatly increased.

　　 The trend of polyester market is not optimistic.

Along with the emergence of raw materials and the impact of the industrial chain, the market of polyester market has gradually weakened in recent years, and the prices of products in various markets are also decreasing. Judging from the current market situation of polyester chips, the market has become increasingly bearish, the polyester chip market has been weakening, the production and sales have been declining, and the price of the manufacturers has dropped. In the semi optical chip market, the mainstream cash negotiation price is concentrated near 12500-12600 yuan / ton, and the focus of the big optical chip market has also been reduced. The mainstream market cash price has dropped to 12500 yuan / ton. In the short term, the textile industry sales slowed down, the market entered the panic cycle, the trend of polyester market is not optimistic.

　　 Poor yarn demand downstream

The decline of polyester staple market and the sluggish demand in downstream market are still an important leading factor. Judging from the recent yarn market situation, the yarn market is generally showing signs of weakness, of which the downstream pure polyester yarn market price has dropped, and the production and marketing of the market is rather dull. Among them, the market price of 32S pure polyester yarn is concentrated near 17300-17500 yuan / ton, and the market price of 45S pure polyester yarn is concentrated between 18400-18500 yuan / ton. With the reduction in the market of pure polyester yarn, the rate of starting up of yarn manufacturers is not high. In addition, with the approaching of the National Day holiday, the enthusiasm of downstream manufacturers for polyester and short purchasing gradually weakens. The demand for short and short manufacturers is weak, and the market turnover is mainly based on small order replenishment. Manufacturers have to sell prices at actual prices, making the market price different. {page_break}

In a word, both upstream and downstream are adverse to polyester staple market in the near future. The weakening of upstream raw material market has directly affected the market trend of polyester staple fiber, coupled with the sluggish demand for downstream market, many manufacturers have continuously lowered their prices in order to stimulate production and marketing, but the market bearish atmosphere is still growing. At present, negative factors dominate, so it is expected that the future trend of PET staple will still maintain a downward trend, and there will still be some room for further decline. In the latter stage, we still need to pay close attention to changes in the macro situation.