Polyester Staple Market: High Price Resistance (11.25)

Polyester staple fiber manufacturers are slightly cautious in pushing up, and the resistance to high prices is obvious.

Raw material is high, but PTA futures are going down. The short and short manufacturers are slightly cautious. The main focus is to follow up the paction. The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester and short market is reported to be 8350-8400 yuan / ton.

Fujian

Polyester and short staple market consolidation is the main trend, 1.4D direct spinning polyester and short market mainstream newspaper 8450-8500 yuan / ton short delivery, downstream pursuit high will not strong, wait-and-see mentality thickening.

Settled in Shandong and Hebei, the market is short and short quotation is stable and small dynamic, 1.4D direct spinning polyester short mainstream newspaper 8450-8500 yuan / ton to deliver, high price goods resistance is obvious.

The price of cotton yarn in Shengze market continued to decline.

Some varieties of prices rose, 32S mainstream 12700 yuan / ton up and down, 45S mainstream 13500 yuan / ton near.

Polyester market fundamentals are better, polyester and short industry inventory is low, is expected to be short in the short term easy to rise or fall.

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Low cotton prices will be conducive to the overall development of the cotton textile industry, Yang Shibin said, China's cotton prices in the 13000-14000 yuan range, will be more conducive to the cotton textile industry.

The difference between domestic and foreign cotton prices will be narrowed to less than 2000 yuan per ton.

It helps to enhance the international competitiveness of China's textile industry.

In terms of total volume, low cotton prices will enhance the demand of cotton market and facilitate the recovery of cotton textile industry scale.

China Cotton Association and China Textile Industry Federation told great wisdom news agency that in 2014, China's cotton consumption is expected to grow 500 thousand tons to 8 million 500 thousand tons.

The risk of low cotton price for cotton textile industry lies in whether the prices of cotton yarn and cotton cloth and other products in the related enterprises are "anti - fall".

Affected by the decline in raw material prices, downstream textile prices are also partly under pressure.

However, judging from the market performance in 2014, Lu Tai A (000726.SZ) and Huafu color spinning (002042.SZ) and other enterprises performed well.

Sun Weiting, chairman of Huafu color spinning, told Da wisdom news agency that the sales price of the company dropped by less than that of raw materials.

Lu Tai A, the third quarter of 2014, the price of shirts and dyed fabrics and sales volume did not decline compared with the same period last year, but because of the company's 130 thousand acres of cotton cultivation business, the decline in cotton prices dragged down the related business revenue.

Cotton price trend is unknown, such as continuous downward exploration, may also have a certain impact on the sales of cotton textile industry market.

Recent market discussions show that cotton prices have fallen sharply, leading to cautious orders for cotton textile downstream customers.

Stable cotton prices will help restore orders, leading enterprises and enterprises with differentiated competitive products will have stronger bargaining power.