Polyester Staple Market: Five Year Low (12.17)

The price of PET staple has reached a 5 year low and the market mentality is pessimistic.

Oil prices continue to fall, polyester market looks at the air atmosphere. Today, polyester and short prices have gone down. The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester and short market has reported 7750-7850 yuan / ton, but the inquiry is still scarce.

Shandong,

The market is still short and the trend is 1.4.

The mainstream newspaper was sent to 7900-7950 yuan / ton, the enquiry atmosphere was weak, bulk trading was the main market, and the market mentality was pessimistic.

Today, the price of Fujian polyester and short manufacturers continues to fall 50 yuan / ton, 1.4D direct spinning polyester short mainstream newspaper 7750-7800 yuan / ton short delivery, downstream cautious watch, purchase intention low, trading resistance is still obvious.

Shengze market yarn market overall weak.

Some varieties were slightly down, 32S mainstream 12100 yuan / ton up and down, 45S mainstream 13100 yuan / ton nearby.

Polyester Market bearish sentiment is still dominant, although polyester and short prices hit a 5 year low, but the cash flow is better.

Judging from the current situation, raw materials are still lacking support for downstream products, and it is expected that in the short term, polyester and short prices will continue to be explored.

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As of December 16th, seed cotton sales in Jiangsu, Hubei and Anhui came to an end. Among them, the mainstream price of seed cotton in Anhui, Anqing and Chizhou reached 3.00-3.05 yuan / jin (lint 39-40%, moisture 10%), which was unchanged from 15.

"Cotton farmers do not have cotton, they can receive thousands of jins a day."

Mr. Zhang, director of a ginning factory in Chizhou, said that their factory had stopped collecting at the moment.

The price of seed cotton in Dafeng, Yancheng and other places in Jiangsu is 3.10-3.15 yuan / jin (lint 40%, moisture 10%), unchanged from 15.

The cotton mill reflects that the price of seed cotton has been fluctuating at the level of 3 yuan / Jin in recent years, but the quality is decreasing, and the purchase is mostly dominated by flower production.

On that day, the price of Yancheng grade 4127 cotton was 12800 yuan / ton (gross weight, with the same ticket), and the 3128 level price was 13000 yuan / ton.

At present, most cotton areas in Jiangsu have a bias in lint quality, and cotton mills don't have many cotton stocks.

Spot prices of real estate cotton in Hubei, Anhui and other places rose slightly, of which 3128 cotton lint prices in Hubei, Wuhan and Jingzhou were 13300 yuan / ton, and the 2227 level price was 13000 yuan / ton, all of which rose 100-200 yuan / ton compared with last Friday (12).

Analysis of the reasons for the rise is: first, the cotton mill has already stopped collecting, concentrate on selling cotton, and has strong price intentions; two, the inquiry price of textile enterprises has increased, and cotton enterprises have increased their prices to make up for losses; the three is the recent narrow fluctuation of Zheng cotton futures in the 13000 yuan / ton line, and some enterprises' confidence has increased.

According to the cotton growers, most cotton plants have been hit hard this year, especially in the worst case.

A cotton farmer named Liu Xing in Hubei Suizhou said that the average loss of 70 mu of cotton planted this year was 30 yuan / mu, and the year was five hours.

"Cotton will not grow next year."

Old Liu Xin was cold and cold. He said that although the climate and soil in Hubei were suitable for growing cotton, the benefits were not good for several years. Cotton farmers mostly abandoned cotton and cotton instead of cotton. In addition, the price of cotton was low this year, while grain prices rose steadily. On the other hand, they saw visible profits, and on the other hand, they planted their hearts with fear.

It is understood that in 2014, cotton farmers in the Yangtze River Valley mostly suffered a slight loss or break even, and cotton planting enthusiasm was hit hard. Some important cotton areas in Hubei, Jiangsu and Anhui would disappear in 2015.

Up to now, the Yangtze River Valley has maintained less than 10% of the 400 type of enterprises acquired. In Jiangsu, Dafeng and Yancheng, there are basically no acquisition enterprises. Only 400 of the 400 enterprises are left behind.

This year, the 400 type enterprises have three characteristics: first, suffer from the heavy pressure of the 200 type enterprises, there are still many 200 type enterprises to buy at present. The small cotton in the market occupies half of the market. Two is that enterprises generally have no rice pot. Most of the 400 type enterprises have less than 1000 tons of lint processing so far, and more than 3000 tons are not common. Three is "overcharge, loss, loss and loss".