The Three Raw Material Markets Are Stable, Weak And Sticky.

The demand for cotton is sluggish and quality is low, and with the advent of the new cotton market,

In order to raise funds for the purchase of funds, spot cotton market continued to fall.

By the end of the week, the 328B cotton price index was 13138 yuan, down 0.2% from last week and 0.9% in July.

It is reported that the recent Anhui east to the local level 3 lint quotes 13500 yuan / ton, 3 times 12800 yuan / ton, 4 level good 12500 yuan / ton, 4 times 12300 yuan / ton.

Zheng cotton futures trading is still sluggish, prices continued to fall slightly, the main contract weekend settlement price of 12673 yuan, down 0.4% compared with last week, in July, a total decline of 537 yuan, or 4.1%.

Viscose staple fiber

Keep stable, cotton mill multi dimensional quantitative needs replenishment.

A certain amount of replenishment is maintained in the downstream, and the stock of viscose industry is still on the low side, though the viscose staple fiber started to pick up this week.

Price is still strong, mid end offer 13300-13500 yuan / ton, actually clinch a deal 13200-13300 yuan / ton.

The high-end offer price is 13600 yuan / ton, and the focus of the paction is 13500-13600 yuan / ton.

Jiangsu siro spinning cotton yarn has some tentative pull up.

It is expected that the viscose staple fiber will be stable in the later stage.

Last week, polyester staple fiber was arranged sideways, and the quotations from manufacturers were basically stable.

The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester staple price is 6950-7050 yuan / ton, and there are many concessions in the negotiations.

With the replenishment of raw materials and periodic replenishment, the weekend's center of gravity rose slightly, and the manufacturers quoted a price increase of more than 100 yuan. The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester staple price was 7050-7150 yuan / ton, and Fujian was 6750-6900 yuan / ton, and Shandong and Hebei were 7050-7150 yuan / ton.

In the later stage, we still need to pay attention to crude oil, PTA futures and polyester and downstream cotton mill maintenance.

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Despite the decline in the area of cotton planting in the world, the supply pressure of cotton market in 2015/2016 has not been reduced under the hedging of raising per mu yield and decreasing the rate of abandonment.

China's cotton producing areas are also facing these risks.

The global demand and demand forecast for July released by the International Cotton Advisory Committee (ICAC) considers that the global cotton planting area in July is expected to be 31 million 300 thousand hectares, down 6% from the same period last year. However, it is partly offset by the decrease in the rate of abandoned cultivation and the slight increase in yield per unit area.

At the same time, it is estimated that the world's cotton production is 23 million 900 thousand tons, a decrease of 9% compared with the same period last year. It is estimated that the global cotton consumption will be 24 million 900 thousand tons, an increase of 2% over the same period last year.

Although the gap between production and demand reached 1 million tons, but due to the estimated global cotton ending inventory in 2014/2015, 21 million 900 thousand tons, an increase of 9% over the same period, and the inventory consumption ratio of 90%, so in 2015/2016, the global stock still has 20 million 900 thousand tons, down only 5% from the same period last year.

USDA's forecast is more pessimistic. In its July global cotton production and demand report, it said that China's cotton inventories will increase by 544 thousand tons in the 2015/2016 year, as a result of the decrease in China's cotton consumption and the significant increase in the amount of chemical fiber and imported yarn. This will stimulate the global end market stock to increase by about 400000 tons.