The Price Of Yarn Is "&Nbsp".

Cotton prices downward, downstream demand downturn, domestic

Since October, the atmosphere of domestic yarn market has been weakening, spinning enterprises,

Due to the difference of raw material and business mindset, the price adjustment of cotton yarn is obviously smaller than that of chemical fiber yarn. Because of the shortage of new orders in October, the downstream textile mill is not enthusiastic enough to buy yarn. Under the premise of lack of confidence in the market, most of the enterprises carefully control the total inventory.

In October, the average price of cotton in China dropped slightly, and the average price of domestic 329 grade cotton to plant was reduced by 315 yuan / ton, a decrease of 1.58%, while the Chinese yarn index CYC32 was reduced by 650 yuan / ton, a decrease of 2.36%, and the pure cotton yarn decreased by more than that of raw cotton.

In October, domestic cotton was listed on a large scale in succession, and the purchase and storage of national cotton stores also closed for nearly a month after the national day. The enthusiasm of cotton enterprises to keep in storage continued to rise, and in the middle of October, the purchase price of cotton for large domestic textile enterprises was gradually introduced, and some relatively low grade cotton purchasing prices showed a sharp decline, resulting in a strong market atmosphere. Most textile enterprises also sighed that the domestic cotton prices were too high, so they were looking for and buying cotton imported from Australia cotton, West African cotton and American cotton.

After the weak spot price of cotton, the domestic cotton yarn price has also launched a new downward operation. Air spinning, ring spinning combs and combed yarn all have a reduction of 1000 yuan ~2000 yuan / ton. At present, the price of the small and medium-sized textile enterprises JC40S after tax is 31500 yuan / ton, and the large spinning enterprises are around 32500 yuan / ton, and the shipment is slow.

In addition, the supply of high quality C40S is also increasing. Most enterprises offer 29000 yuan ~29500 yuan / ton, and the market continues to be mainly bulk cargo, with large demand.

Combs C32S supply is more abundant, the price downward is also obvious, knitting C32S Foshan Guangdong area pre tax market price is only about 25600 yuan / ton, and many textile enterprises, the yarn price is only 26800 yuan / ton, high yarn is 28000 yuan / ton.

With the increase of yarn in textile enterprises, the willingness of enterprises to increase shipments has been enhanced, while the cotton price has not been changed. The surrounding chemical fiber products have increased. Under this environment, textile enterprises have gradually revealed the demand for production reduction and production restriction. Some small and medium-sized textile enterprises have already moved, and the subsequent demand is difficult to pick up.

{page_break}

Pure polyester yarn prices continue to decline, continue to drop space narrowing

In October, the price of polyester staple and pure polyester yarn continued to decline, especially in the late mid October. The products of polyester industry were not performing well this month, and the price of polyester staple fiber continued to decline, of which 1.4D * 38mm accumulated a decrease of 1120 yuan / ton in the month, a drop of 8.42%, while the Chinese yarn index pure polyester yarn had been reduced by 700 yuan / ton in the month, a drop of 4.14%, while the short fiber dropped sharply, while the pure polyester yarn price dropped actively, but the difference between the different regions was different from the fall.

In October, the orders for downstream orders were not good enough. The price of pure polyester yarn before and after national day was reduced by 300~500 yuan / ton, and then the price of polyester staple fiber continued to decline. The average price of polyester staple fiber 1.4D * 38mm fell from 12180 yuan / ton at the end of the month to 13300 yuan / ton in the beginning of the month, and the market bearish atmosphere was spreading. The pure polyester yarn fell down positively. Especially in Fujian and Guangdong provinces, the Changle cotton mill in Fujian once hoped to protect the price through the way of reducing production and limiting production. However, because of the incompatibility of the external environment and the differences in operational thinking among different enterprises, the yarn price continued to fall deep.

In October, when the price of pure polyester yarn in Fujian, Guangdong and Jiangsu and Zhejiang provinces was high, there was a difference of 1000 yuan / ton, and when there was a low price, there was a price difference of 500 yuan / ton.

Lack of market demand, whether traders or textile enterprises, are mainly shipped, the price drop accelerated.

At present, the knitting T32S used in Fujian and Guangdong is as low as 14100 yuan / ton before tax, and the total after tax is less than 15000 yuan / ton. Therefore, according to the current cost accounting of polyester and short raw materials, it has already lost money, and the price of knitting T32S after tax is still 15300~15500 yuan / ton in Jiangsu and Zhejiang provinces, and the price is slightly higher than that in Fujian and Guangdong.

As raw materials continue to decline, coupled with insufficient yarn trading, textile companies have strong willingness to reduce inventories. Traders are also actively emptying inventory and switching to on-demand purchases.

From the perspective of industrial chain, the price of staple fiber and yarn has already taken a certain resistance to decline, and the pattern of subsequent weak finishing has not changed, but the space of continued decline has narrowed.

Panic spread of human cotton yarn selling bearish atmosphere spread

In the early days of the national day, due to the end of the order of the downstream weaving mills and the small number of new orders, the atmosphere of the lighter atmosphere was concentrated. During the next national day, the price of cotton yarn was greatly reduced by 1000 yuan / ton, and the manufacturers fell actively. The raw viscose staple fiber continued to depreciate. Despite the implementation of the monthly closing operation, the low price of short fiber prices had been lowered. In the month, viscose staple fiber 1.5D * 38mm has been reduced by 1300 yuan / ton, a decrease of 6.57%, while the Chinese yarn index human cotton yarn CYR30 has been downgraded by 1450 yuan / ton, a decrease of 6.08%.

Viscose products are in the lead this month, and there are bigger bad factors, whether viscose staple or downstream textile factory orders.

Among them, viscose staple fiber increased unilaterally after 8~9 month, but the downstream is not too optimistic, nor has it been stocked too much. Subsequently, due to the increase in the quantity of cotton pulp and short staple, the cost of viscose staple fiber has continued to fall, and the downstream channel of viscose staple fiber has been gradually opened up. After the completion of orders in the downstream factories in the end of September, there were few new orders in October. Therefore, the enthusiasm of buyers for cotton yarn in each mill is not high. Most of them have consumed inventory, and have reduced load, reduced production and limited production to control the total inventory; in the light of this "silver ten" market, enterprises are cautious.

At the end of October, there was a sharp drop in the price of people's cotton yarn in Fujian and Guangdong provinces. The pre tax market price of knitting R30S yarn was only around 19500 yuan / ton, which was only 19700 yuan / ton, and the market panic selling atmosphere was thicker. The viscose staple fiber manufacturers carried out the monthly closing operation. However, the bearish atmosphere spread, and some traders bought and sold the price frequently. The viscose staple fiber 1.5D * 38mm already had the price of 16500 yuan / ton, which was in line with the market's low expectations for viscose staple fiber prices.

As far as viscose industry chain is concerned, there is still room for further decline, and will gradually return to its original value chain of industrial chain.

{page_break}

Weak market structure difficult to change, replenishment market implies opportunities

Cotton concentration and listing in all parts of the country, cotton production and quality improvement has been a foregone conclusion. At present, the national cotton purchasing and storage policy is stable, and the cotton enterprises' enthusiasm for storage is still acceptable. The price of textile enterprises has been kept under constant pressure, and some textile enterprises have increased the proportion of imported cotton. Because of the obvious price advantage of some cotton importer's cotton resources at present, the continuous impact of cotton import and cotton imports is expected. The downward trend of cotton prices still exists in the future market, but it is supported by State purchasing and storage prices, and the space is limited.

The downstream weaving mills added new orders slowly after October. After watching the market and the early arrival of the Spring Festival this year, most of the mills kept low inventory operations, so the demand for production reduction and production restriction was also obvious. If the subsequent order performance was still poor, the overall boot rate would continue to fall.

In addition, due to the unsmooth production and sale of gauze in October, the enterprises once again formed a certain number of stocks. Therefore, in the late period, there is a need to actively reduce inventory cash and prices may continue to be explored.

From the end market, there may be a wave of replenishment demand for domestic garment enterprises before and after the middle and late 11.

At the same time, at the end of October, although the total volume of orders has obviously shrunk, there will be some short lists, urgent orders and supplementary orders. Therefore, in the operation mode of low raw material inventory in the middle and lower reaches, we should pay attention to every stage of replenishment market.

At present, the judgement for the medium and long term market is still weak, but remind enterprises to pay attention to the assurance of the stage replenishment market. At present, the probability of rising yarn price is not high, and the subsequent price fall will continue. Therefore, it is suggested that enterprises should replenishment of the stock as needed, control the total inventory of the finished products, and grasp the cash flow at the same time, and the raw materials can be absorbed in batches.