The Quotation Of Polyester And Short Manufacturers Increases The Number Of Enquiries, And The Turnover Atmosphere Improves.

The overnight crude oil and early morning futures trend is better. Today, the price of the polyester and short manufacturers is raised by 100 yuan. The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester and short market is reported to be 7850-7950 yuan / ton.

The quotation of polyester and staple manufacturers in Fujian today is mostly raised by 100 yuan, 1.4D direct spinning.

The mainstream offer is 7800-7950 yuan / ton short delivery, and the morning enquiry is better than the previous one.

The Shandong and Hebei markets have increased short and short quotations, and 1.4 direct spinning polyester and short mainstream newspapers have been delivered to 7900-8000 yuan / ton.

Pure polyester yarn price stability, inquiry volume change little, 32S mainstream offer 12300 yuan / ton up and down, 45s mainstream quotation 13400 yuan / ton nearby.

Afternoon

Futures closed up 72 points, the performance is relatively good, need to pay close attention to the current international crude oil futures closing price, if there is no significant fluctuations, manufacturers or stabilize wait-and-see possible.

Later, attention should be paid to crude oil, PTA futures and polyester and downstream cotton mill maintenance.

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In the near future, the trend of long staple cotton is not satisfactory.

In June 3rd, the mainstream quotation of 137, 237 and 337 grades of long staple cotton in Xinjiang Akesu market were 28000 yuan / ton, 27100 yuan / ton, 26200 yuan / ton respectively, all down 100-200 yuan / ton compared with May 29th.

According to the introduction of some cotton ginning plants in Awati County, the long staple cotton has just entered the substantive sales stage. The general mood of stock is urgent and the price is not stable, but the sales situation is not optimistic.

In the mainland market, long staple cotton is also facing challenges.

In June 3rd, a cotton trader in Ji'nan, Shandong said that the price of the 137 grade a Xinjiang production area was 28400-28500 yuan / ton, which basically fell back to the level in early May. The 237 and 337 level quotations were also in the 27300-27400 yuan / ton, 26400 yuan / ton line.

According to the cotton trader, there has been no marked acceleration in the long run out of the long staple cotton in the near future.

Cotton Traders and cotton brokers are waiting.

In Xinjiang, few cotton merchants have been asked for long staple cotton.

A Akesu market source said that the recent textile enterprises in Shandong, Jiangsu and Sichuan and Chongqing regions had reduced the number of inquiries and goods by at least 60% compared with the first half of May.

The long staple cotton market has been so cold and cheerless, which has led many market participants to decline in confidence, and it is estimated that the long staple cotton may enter a downward path in the near future.

There are also market participants who believe that the recent weakness, decline, or the accumulation of power for the latter part of the rise.

There are several reasons for the stagnation of long staple cotton in the near future. First, the banks have tightened the loan recently, and the psychological pressure of the cotton mill is heavy.

During this period, we often hear that the ginning factory intends to "dump goods" in order to repay the loan. To some extent, it brings instability to the long staple cotton market. Second, the recent electronic discs are not enough to cause instability.

Since the end of May, the CF1509 contract of Zheng cotton futures has been fluctuating at the level of 13000 yuan / ton, which gives the bullish people great psychological pressure.

Third, the expected yield increase of long staple cotton.

According to the data of Xinjiang's agricultural sector, the total output of long staple cotton in 2014 was around 70 thousand tons, and the area of long staple cotton increased by more than 30% over the past year. Even some market participants estimated that in 2015, the output of long staple cotton or 100 thousand tons in the first place reached a record output.

Fourth, some people are pessimistic that the price of combed high count yarn with long staple cotton as the main cotton will go down sharply.

This has given heavy weight to the long staple cotton market.