Changxin Market Polyester Market Weekly Review: Still Weak

Polyester filament market continues to be weak, the price trend is still declining, but DTY price decline is smaller.

From the market variety trend, the polyester FDY75D big bright silk still has the demand in this market, but the price is low, the actual paction price of the silk price is at the lowest 6800 yuan / ton, used for weaving five satin and satin.

The light grade can be slightly lower.

Current downstream

Gradually there are signs of unsalable sales. It seems that the market of polyester filament market is weak. But at the end of the year, it will be more or less necessary to buy more tickets. Therefore, there will be a slight upward trend in volume, but the price of polyester filament will be dominated by weak adjustment.

Polyester staple fiber prices are also weak, the current market average price of 6550 yuan / ton.

The price of DTY products has also shifted down, for example, DTY150D/144F's current central price is around 7800 yuan / ton, which is slightly looser than that of last week.

The DTY75D/72F network has increased in volume this week. The reason is that it interweaves with 75D/144F or DTY100D/144F to produce spring Asian textile printing and polishing fabric.

With wide usage and large sales volume, the production capacity has increased slightly and the sales volume of DTY75D/144F and 100D/144F has also been increased.

On the contrary, the production of polyester and taffeta, semi elastic spring and sub spun fabrics were not well sold, and it affected the sales of FDY63D class. At present, the market turnover was reduced, the quoted price was about 7500 yuan / ton, and the actual paction price was lower.

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More than half of new flowers are sold, and low-grade flowers are unsalable.

This year, the sale of spot terminals is obviously similar to that of last year. Textile enterprises mainly seek high-grade cotton in the spot market, and the sales of low grade cotton are very unsatisfactory. This is already evident in this year when the new cotton seeds come into the market.

In the early years of seed cotton listing last year, many spot traders and ginning plants rushed to the Xinjiang plant to seize cotton and a large number of lint piled up in the intermediate links.

In the subsequent supply season, but the demand is not up to the case, many companies choose to wait for the stock market, wait and see the market practice, and finally a large number of low-grade cotton left in their hands, there have been varying degrees of loss.

Only by adopting the principle of "fast forward and quick exit" can enterprises barely defend their profits.

This year, the middlemen who experienced last year's situation were very cautious from the acquisition of seed cotton, not only to catch the quality of new flowers, but also to pay much attention to purchasing prices to control costs, and more enterprises choose to pay attention to hedging opportunities in the difficult situation of spot sales.

In the case of the same spot last year, the best way for spot enterprises to cash the remaining cotton is to make warehouse receipts. The price discovery function of the futures market will guide these cotton to a reasonable price range.

In terms of demand, the textile industry is depressed because of the macroeconomic constraints.

Over the past two years, the domestic textile industry has seen a sharp decline.

China's huge economic growth cycle has pushed the cost of domestic manufacturing continuously higher. The high cost of raw materials and high wage cost make domestic manufacturing industry no longer competitive in the international market.

On the contrary, production advantages of some emerging Southeast Asian countries such as India and Vietnam are beginning to emerge.

At the same time, the macroeconomic downturn has caused a series of impacts such as the low domestic consumption demand and the tight cash flow of enterprises.

In addition, the market is expected to move closer to the market.

The price of dumping will largely determine the ceiling of cotton prices next year.

Moreover, after the result of the dumping and storage paction in July, the state's accelerated digestion of cotton reserves is likely to be a big probability event.

Recently, the market began to send news about dumping and storage. The market has speculated about the time of throwing and storing and the price of throwing and storing. As long as the state gives clear signals of dumping and storage, the market will give a reasonable price.

Looking ahead, cotton futures prices will eventually return.

At present, Xinjiang 3128B class cotton picking spot price is about 12400 yuan / ton, as the disk represents more low-grade cotton prices, the current 1601 contract price discount spot 300 yuan / ton is a reasonable interval.

Taking into account the pressure on the far price of the month and the pressure on the upper cover, the bull market is a small probability event, and the 1601 contract is more likely to shock around the 12000 point before maturity.

At present, the 1605 contract discount spot is 900 yuan / ton, the base is bigger, and the spot price trend later may continue to be weak.

From the perspective of capital, the advantage of short capital is very obvious. The probability of continued downward pressure on capital in the long run is very large.

However, taking into account the seasonal factors of cotton, we should pay attention to the risk of return to base.