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    Ji Lu Yu: Yarn Market Continues Weak Adjustment

    2014/11/7 13:11:00 6

    Ji Lu YuYarnMarket Adjustment

    At present, the cotton and yarns in Hebei and Shandong provinces continue to be vulnerable to adjustment.

    Generally speaking, there are many uncertain factors in the cotton market. The spinning enterprises are afraid to blindly produce, the operating rate is still insufficient, the orders are reduced, and the cost is increasing. Many enterprises are still sticking to the deficit operation, the capital gap is bigger, the vicious circle.

    The near future,

    cotton yarn

    The market is still under the impact of low price of imported yarn and is not very competitive.

    Sales of high count yarn rebounded.

    The price of C40S is still around 24500 yuan / ton.

    The order of polyester cotton yarn is acceptable, but with the following

    Polyester fiber

    The raw materials were downgraded slightly, and the downstream fabric mills demanded price reduction from time to time.

      

    Spinning enterprises

    In order to maintain their livelihood, they will not be allowed to sell on credit while they are going to make a living.

    Hebei textile enterprises T65/C35 21S customers give the price: 16500 yuan / ton factory.

    Viscose fiber prices are still slightly downward trend, the yarn market continues to be sluggish, there is no sign of warming up.

    Related links:

    Recently, the US dollar continued to strengthen, WTI crude oil fell below 80 US dollars / barrel platform, and commodities reappeared weak.

    As the most vulnerable species in chemical futures, PTA's main contract quickly fell below the low of 5502 yuan / tonne in mid October, and is now dropping to 5300 yuan / ton.

    Looking at the PTA industry chain, cost down and supply easing are two main factors.

    The price of most Petrochemical intermediate products has moved down rapidly as the crude oil continues to fall.

    PX has fallen significantly in the past month, and FOB Korean spot price has fallen directly from the US $1000 / ton mark near the end of September to US $1200 / tonne.

    PX is weak. Besides the impact of falling crude oil, the huge supply is also an important reason.

    Although the price of PX has dropped recently, the operation rate of Asian PX devices has hardly been adjusted, and the PX market is facing a high inventory problem.

    In September, the import volume of PX in China has historically broken through the 1 million tons mark, reaching 1 million 6 thousand tons, adding more pressure to the fragile PX market.

    From the profit situation, as the price of PX falls, PX production profit is compressed.

    In November, PX and stone naphtha oil price dropped to below US $300 / tonne. It has entered a deficit state, but the loss is not large, and the loss time is not long, so the power of suppliers to reduce production substantially is not large.

    The failure of the US $1000 / ton mark also greatly undermined market confidence, and the cost of PTA continued to move down to suppress PTA futures prices.


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    Read the next article

    The Picking Rate Of Cotton Seed In South Xinjiang Is Slow.

    At present, many cotton fields in Akesu have not been picked yet. The picking rate in some fields can only reach 60%, which is delayed compared with the previous years. However, the recent frost weather is not common, and has little effect on the quality of seed cotton temporarily.

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