Viscose Staple Market: Weak Market (10.23)

　　 Viscose staple fiber Weak market performance and general trading atmosphere. Viscose staple fiber market performance is weak, the middle end talks about 100 yuan or so, the higher turnover is maintained at around 12000 yuan, slightly lower negotiation more than 11800-11900 yuan. High-end manufacturers are relatively stable, the mainstream manufacturers to negotiate implementation to maintain at 12200-12300 yuan, some traders Source of supply The lower turnover is 12000 yuan / ton.

　　 Sirospun 30S newspaper at 17800-18000 yuan, tight race 40S at 20700-21000 yuan, high quality clinch a deal more than 21000 yuan, part of Fujian produced lower price in the vicinity of 20500 yuan. At the end of the month, market funds were tight and market trading was weak.

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Recently, Wang Jianhong, Deputy Secretary General of the China Cotton Association, said at the 2014 Zhengzhou agricultural products (cotton) futures forum that in September 2014 - March 2015, the national cotton store would be stopped. Unless the market was in short supply, the market would not be released.

This year's cotton production of 6 million 600 thousand tons, plus 894 thousand tons of quotas, is a total of 7 million 500 thousand tons of supply, enough to meet domestic consumption from now until next March, so during this period, the possibility of national cotton storage is less likely.

Whether or not to throw the store after March? There are about 11000000 tons of stock in the national reservoir, partly due to a long storage time and a serious decline in the grade. If we do not throw it again, the pressure of the relevant departments will be very great. Once the huge inventory is listed, the domestic cotton price rise will be very heavy. From a fundamental point of view, the contract in recent months is significantly stronger than the far month contract.

In addition, from 9 to November, the target price will be priced. During this period, if domestic cotton prices fall sharply, the subsidy will be further increased, which will certainly increase the financial pressure of the state.

In short, the global cotton stocks continue to rise; due to the decline in China's imports, the US cotton future sales are not optimistic; India's output is increasing, it is urgent to find a sales market, and will compete with the US cotton. The international cotton price is difficult to shake off the weak pattern. Although the supply of cotton contracts in recent months has been tight, the supply of new cotton has gradually increased, and the space for the rise in recent months has been limited.