Viscose Staple Fiber High-End Production And Marketing To Better
Viscose staple fiber market prices slightly divergent operation, first High-end manufacturers After the introduction of maintenance news, the high-end production and marketing situation is good, the downstream stock intention is thickening, and the center of gravity is strong at 13500-13600 yuan.
Fujian siro spinning 40S market quoted price at 19000-19200 yuan, selling Guangdong market order is weak, local textile mill starts to go down. Viscose staple fiber manufacturers slightly divergent operation, the latter price is stable, mainly downstream. Gauze There was no sign of improvement.
Mid market manufacturers Order There is a hundred yuan discount, and the price is good at 13200 yuan. The main stream of the middle end is still trading at 13300-13400 yuan, and some manufacturers themselves are in tight supply, and the implementation is raised to 13500 yuan / ton.
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The US GDP growth has been good to stimulate the US dollar strength, and the Fed meeting statement affirmed the US economic activity and the labor market improvement, caused the market to worry about the Federal Reserve raising interest rate, estimated that the US Federal Reserve raised interest rate steadily for the first time, the Greek crisis in the euro area eased, the economic climate index increased, the Chinese manufacturing data fell, and the economic downward pressure did not decrease.
For a long time, the cotton market will continue to suffer from oversupply for a long time. The rising trend is difficult to form. It is estimated that cotton prices will continue to be weak in the coming week, and there may still be some downsides. New cotton will have some small opportunities to be noticed before coming to the market.
This week, the market is still not new. The trend of cotton prices is directly disturbed by the external market. The Fed has raised interest rates, the main countries' stock market has not performed well, and commodity prices have fallen. So far, these negative effects will not disappear for a while. They will continue to exist and will continue to ferment, which will adversely affect cotton and other bulk commodities. The global high inventories of cotton prices continue to exist and need to increase the demand and reduce production to mediate this excess supply situation. But in reality, the demand side is slow to improve, and the growth of cotton consumption in Southeast Asian countries is dragged down by China's demand. The planting area of the United States has been reduced, but the growth of cotton is excellent and the yield per unit area is expected to increase. The increase in output in India and Brazil is partly offset by the reduction of cotton production in China and other countries.
China's own inventory process is slow and its inventory is huge. The quota of imported cotton will continue to be limited in the future. The pattern of oversupply will still take a long time. But this does not have any market opportunities for the market. The market has also had a long time to digest the oversupply factors. The weather has become a crucial factor in the future. The cotton crops in Xinjiang, the main cotton producing area of Texas and the main cotton producing areas in the United States are suffering from high temperature. They need to cool down and have enough rainfall. The cotton planting in Dezhou is late. If the frost comes early, it will have obvious effects on the cotton output in the area. The rainfall in the core cotton area of India is also less. The continuous rainstorm in Pakistan cotton area has also caused floods, which has a certain impact on cotton production. The weather factors in the future are the most potential and most favorable factors, which may be the main force to support the rebound of cotton prices.
China's domestic market is dull, cotton price trend is not warm, market demand is low, cotton reserves are scarce, it can be said that it is better than nothing. 10 million of the reserve cotton stocks are difficult to digest at present, but they should always be put into the market. Under the control of the state, the cotton reserves should be reduced to a reasonable level, and the future cotton reserves will continue to be implemented.
New cotton is also on the market, the supply of the market is increasing, and the demand for improvement is slow. It is foreseeable that in the future, domestic cotton oversupply will be more prominent and will continue to suppress cotton prices, but it will be supported by cost and the country has certain market support intentions. The market has already digested the bad profits through the big fall, and the possibility of a big fall in the future will be smaller. The domestic cotton price and the international cotton price difference will gradually shrink, and the impact of the imported yarn will also weaken, which will help stabilize the domestic cotton price. In the long term, the 1601 month contract will have strong support near 12000. In addition, we should pay attention to the weather conditions. The key factors of cotton longevity are weather factors, and the yield and quality of cotton. This may be a potential advantage in the near future.
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