Staple Fiber Staple Market Stability Is The Main Volume Is Difficult To Follow Up

Today, the short market is stable and small, and manufacturers are watching more and more. The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester and short market is 6850-6950 yuan / ton, and there are not many enquiries. Today, Fujian polyester maintains a stable wait-and-see situation, and the trading atmosphere is mediocre. The mainstream of 1.4D direct spinning polyester and short market reports 6900-7000 yuan / ton short delivery, and the downstream is mainly consumed raw material inventory.

Shandong, Hebei The market has been reduced by 1.4. Direct spinning polyester and short The mainstream newspaper was delivered to 6950-7050 yuan / ton. Sinopec weekly guidance price high impact, state owned goods reluctant to sell mentality increased. Shengze Market The yarn market is stable and small. Pure polyester yarn prices remain stable, general cargo, 32S mainstream newspaper 11200 yuan / ton up and down, 45S mainstream reported 12200 yuan / ton nearby.

A large number of short and short manufacturers moved to the lower reaches of the stock market, the pressure on the inventory eased, the willingness to lower the goods will be weakened, and the expected high price of Sinopec's short and short settlement price is relatively large. It is expected that the short and staple market will remain stable in the short term, and the possibility of a small rise will not be ruled out, but the volume will be difficult to follow up.

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At present, the domestic demand growth in the cotton market has been restored. Relevant statistics show that in September last year, the retail sales of clothing and needle textiles in Enterprises above designated size were 18 billion 980 million yuan, an increase of 3.59% over the same period last year, representing a slight increase in the growth rate of 1.5% over the same period last year. From 1 to September last year, the total retail sales of clothing and needle textile products in Enterprises above designated size were 167 billion 980 million yuan, an increase of 3.3% over the same period last year, a slight increase of 0.16 percentage points over the same period last year.

China cotton information network survey data show that as of the end of December last year, the textile enterprises inventory of cotton was 596 thousand and 700 tons, an increase of 95 thousand and 700 tons from last month. However, it should be noted that the increase in industrial inventories is mainly due to the increase in procurement of New Territories cotton by some textile enterprises in order to obtain more cotton quotas. In addition, the import quota of cotton in 2014 will be used up at the end of February this year, and the textile enterprises will also increase the purchasing power of imported cotton. Looking at the historical data, the cotton inventory of textile enterprises has been low in 2014, which shows that the consumption of downstream cotton is not optimistic.

According to the latest data from the General Administration of customs, in November 2014, China exported about 24 billion 345 million US dollars in textile and clothing, a decrease of 0.47% over the same period last year, a decrease of 17.08 percentage points from the same period last year, a decrease of 8.27% in the ring ratio, and a 9.81 percentage point increase in the reduction compared with the same period last year. From 1 to November 2014, China's textile and apparel exports totaled US $272 billion 817 million, an increase of US $14 billion 743 million over the same period last year, an increase of 5.71% over the same period last year, an increase of 6.06 percentage points over the same period last year. The export pressure of textiles is still large.

This year, China has adjusted the import and export tariffs of some commodities, and has continued to implement a sliding tax on certain quantities of cotton imported from the tariff quota. The information is quite different from the principle of non issuance of quotas in 2015. The adjustment of import policy actually loosened the import threshold of textile enterprises without tariff import quota. It is expected that cotton will fall to a certain extent in the future or arouse the enthusiasm of domestic textile enterprises.

To sum up, I believe that the domestic cotton prices will continue to market in the late stage, and the policy impact will gradually weaken. But in the context of low speed textile industry, cotton prices are expected to continue to be weak. However, considering the annual overall supply and demand pattern in a favorable direction, medium and long term cotton prices are expected to rebound. As for the extent of the rise, constrained by the weakness of textile consumption and the high inventory of cotton in China, it is hard to predict big market. (