Cotton Spot Listing Paction Daily: October 13Th Warehouse Incremental Cut

In October 13th, the spot trading of the national cotton trading market was 9450 tons, a decrease of 790 tons compared with the previous day.

The order volume increased by 130 tons today, with a total order of 29350 tons.

Today, spot trading is more open to contracts, higher in the morning market, more stable in the afternoon, and the average price is rising.

Spot listing pactions have the following characteristics: first, stable pactions, and in recent months, contracts continued to slump.

The main contracts MA1412, MA1501 and MA1503 were 2310 tons, 3880 tons and 2020 tons respectively.

The remaining contracts were in a slump.

Two, the order quantity increased, the MA1501 order increased by 200 tons on the same day, and the order quantity of other contracts changed little.

The current MA1501 order of 11010 tons is still a major order contract.

MA1410 ordered 1130 tons in recent months.

According to our website survey, the purchase price of Xinjiang seed cotton increased slightly this week compared with last week.

According to feedback from cotton enterprises, cotton seeds sold by cotton farmers this year are very few, which is much lower than the same period last year.

Although the price has been raised this week, the sales volume is still small.

Abroad: cotton prices in India have been stable in recent days, and the price of S-6 ginning plant is about 70-71 cents / lb. In addition, it is understood that the super tropical cyclone "hadhade" landed in the eastern coastal area of India, and the maximum wind speed reached 195 km / h.

Demand is mild, acrylonitrile is stabilized and stabilized mainly (10.6-10).

This week (October 6-10) the domestic acrylonitrile market remained stable.

The factory quotes to maintain stability, and Sinopec East China listed in October to 14900 yuan / ton, the price of Sinopec is 14600-14900 yuan / ton, Qilu Petrochemical reported to 15000 yuan / ton, Fushun Petrochemical quoted price to 14700 yuan / ton (factory).

Jilin Petrochemical has been reduced to two lines, and its overall operation is less than 50%.

The acrylonitrile plant of Qilu Petrochemical Company is running normally, and the acrylic fiber plant maintains 80% load.

Traders hold a small number of goods, but the market atmosphere is light.

The buyers in the lower reaches are obviously in the mood of buying, but the market atmosphere is not enough. The acrylonitrile market has slowed down from last month.

Business analysts expect that the acrylonitrile market will remain stable in the near future.

Cost support weakened polyester market will continue to decline (10.6-10)

This week (10.6-10) polyester filament market increased, with FDY and POY falling most obviously, FDY dropping 4.53%%, POY down 3.26%, DTY 1.50% down.

Most of the factories in Shengze, Tongxiang, Shaoxing, Xiaoshan and other places decreased by 200 yuan / ton compared with last week, with a small part of 300-400 yuan / ton.

With the increase of inventory pressure, the volume discount of polyester products in factories is increasing.

The overall market performance is "light", and the pessimistic mentality is thicker.

Cost support collapse is the main reason leading to the current round of decline. International crude oil prices are weakening. Brent crude dropped nearly 10% in the past month. Polyester crude filament material has obviously declined under the decline of crude oil.

From the perspective of downstream market, though the amount of polyester held by warp knitting machine and circular knitting machine is not large, the rate of starting warp knitting machine and circular machine has been restored to the level before the national holiday. However, the downstream weaving procurement has a cautious mentality, and there is not much phenomenon in bulk buying.

Xia Ting, a business analyst, believes that with the weakening of cost support, the downstream weaving manufacturers and purchasing companies are cautious in purchasing. It is expected that the polyester filament market will have a downward trend in the future.