The Rebate Consolidation Of Polyester Market Is Stable.

Polyester and polyester in Fujian today

Smooth, 1.4D direct spinning polyester short market mainstream newspaper 6900-7000 short delivery, morning PTA futures go up after the whole round, downstream inquiry purchase temporarily show lukewarm.

Shandong and Hebei markets are stable and short quotation, 1.4 direct spinning polyester short mainstream newspaper 7150-7250 arrived, the actual deal can be negotiated, the market cautious wait-and-see atmosphere still exists.

The market returns to the whole market, and the price of the staple manufacturers keeps stable. The mainstream of 1.4D direct spinning polyester and short market in Jiangsu and Zhejiang is reported to be 7100-7150, and the actual deal can be negotiated.

Pure polyester yarn price center of gravity stable, 32S mainstream offer 11200 yuan / ton up and down, 45s sales slightly better than other specifications, mainstream quotation 12200 yuan / ton nearby.

Short term market or price reduction is mainly based on stable prices.

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ICE cotton futures fell on Thursday. The most active December contract fell 0.31 cents, closing at 62.40 cents, with poor economic outlook and weak demand in China. Cotton prices continued to bear pressure. The US Department of agriculture's export sales report released on Thursday showed that in the week ending September 10th, the US 2015/16 cotton export net sales of 96600 packs, an increase of 16% over the previous week, rising 46% compared with the previous four weeks, and the main export destinations are Vietnam, Mexico and Turkey.

China, the world's largest cotton consumer, has not been actively buying, and the market is still worried about the decline in demand in China and the poor prospects of the cotton market. And the growth of other emerging economies in China and other countries is weak, which may reduce demand for commodities including cotton.

ICE cotton futures fell slightly higher after the fall, uplink resistance larger, the price center of gravity moved down, will continue to adjust the low and then slightly downward trend, December contract below the short-term support in the vicinity of 61 cents.

New cotton seed cotton has been picking up gradually, but there is not much purchase scale. The price of seed cotton is worse than that of cotton farmers. The mentality of selling is rather strong. Considering the weakness of current market and the poor demand prospect, the enthusiasm of cotton enterprises is not high.

The market has no obvious advantages, and many have no optimistic outlook on the future. Zheng cotton futures recorded a five day decline in the shade, and the market continued to be weak. It still maintained the short board. After that, the trend was still down, and the short-term support below the 1601 month contract was near 12300.

Zheng cotton futures contract continued to decline in 1601 months, down 35 yuan, closed at 12440 yuan, clinch a turnover of 46060 hands, holding about 307 thousand hands.

On the spot, China's cotton price yesterday pointed out that the cotton price was 13058 3128B, the cotton price rose 1 points, the spot price was stable in the near future, the new cotton has not been listed yet, the high-quality lint resources available in the market are less, the existing high-quality lint is favored by the textile enterprises, the sales progress is fast, the textile enterprises also expect the market to be clear, and the new cotton will be listed as soon as possible, so as to obtain more high-quality resources.