Viscose Staple Fiber Market -- Generally Stable (10.10)

　　 Viscose staple fiber The price is generally stable and the trading atmosphere is general. Viscose staple fiber market prices are generally stable, the general trading atmosphere, downstream procurement to maintain rigid demand small single replenishment, the overall production and marketing failed to be flat, some manufacturers have increased inventory pressure. Price There is little change. The middle end talks about 11900-12100 yuan, the high-end is 12300-12400 yuan / ton, and the low price turnover is relatively smooth.

Xiao Xiao Sirospun Tight cotton yarn shipped smoothly, cotton mill quotes more than 300 yuan exploratory pull up. Siro 30S newspaper in 17600-17800, tight race 40S in the 20500-20800. after the viscose staple market buying slightly less, the market is expected to be weak. Pay attention to tomorrow's industry meeting.

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In September 17th, Xinjiang cotton target price subsidy implementation plan was released, Zheng cotton futures market responded immediately, broke through the previous low point support, plummeted for two consecutive days, and finally closed at 13110 yuan / ton limit. Cotton spot market prices also dropped significantly, just more than 10 days, or nearly 10% decline. At the same time, the prices of downstream cotton yarn have also dropped.

Xia Ting pointed out that although the "Kim Gu" season at the moment, but the downstream fabric manufacturers remain high inventory, careful purchase of cotton yarn, cotton yarn sales therefore blocked. Cotton prices continue to be on the spot for cotton prices. At present, textile companies are more afraid to buy Cotton in large quantities, and cotton stocks generally only maintain 10-15 days.

As raw material support weakened and chemical fiber market was hurt, most of the chemical fiber products market in September weakened, especially the whole industrial chain led by PTA, the most obvious decline. Among them, PTA (Hua Dong) ranked second in the textile sector decline, down 7.93% in September. The PTA raw material PX market in September also fell more than 7.85%.

Looking forward to the four quarter, Xia Ting believes that the textile market will continue to weaken. The reason is: on the one hand, high inventory, high production, labor costs, tight funds and other issues have long plagued downstream textile enterprises, weak demand is still the main factor restricting prices.

On the other hand, the cost of raw materials has weakened. The cotton price will be returned to market after Xinjiang cotton direct subsidy rules fall. The price difference between domestic and foreign countries will shrink, and the cotton market will remain weak in the future. Cotton prices will fluctuate at 14000 yuan / ton in 10-11 months, and cotton yarn will drop by 500-800 yuan / ton. For the chemical fiber market, the supply pressure of raw materials PX will continue to increase, and the latter will still be in the weak position.

Summing up analysis, Xia Ting believes that the textile market will still be in decline in October, but taking into account the traditional demand season or postponed to October, the decline will slow down compared with September, the lowest around 900 points.