Eastern Silk Market: The Volume Of Raw Materials Is Slightly Less Than That Of Last Week.

The price of three big flat fabrics is weak and half price is down.

The quotation of 210T light spinning is still in the range of 1.36 yuan / m. however, as the downstream weaving enterprises are worried about the market outlook, there has been a slight concession in the actual paction price during the paction.

The price of water spray is still stable.

Among them,

The supply of 14*3*30 is increasing this week.

Terry cloth price steady trend, one of the "trlon" specifications 17*30X160cm market smooth.

Jacquard "leading" weaving products not only have a steady price trend, but also the sales volume has increased recently. Among them, the sales of black silk plum blossom is relatively smooth, but at present, the downstream weaving capacity is not low.

According to the survey, the rate of production and sale of flat grain is about 80%.

The oversupply of the market is obvious, and the stock is overflowing.

Therefore, there is a downtime phenomenon in downstream weaving. It is expected that there will be a trend of "steady down" in the next week.

The market volume of knitted warp knitted mesh fabric has increased slightly, mainly for the use of

The demand for lining material has increased, prompting its knitting warp knitted fabric to turn better.

Pure polyester yarn 80/20 or 90/10 interlaced with DTY100D interlaced wire and pick up fabric, but the market price of products is stable.

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According to the report of the international cotton advisory board (ICAC), the global cotton output in 2015/2016 will reach 23 million 110 thousand tons, down 11.7% from the same period last year, and the consumption will be 24 million 370 thousand tons, up 0.54% from the same period last year. The cotton stocks will be 21 million 920 thousand tons at the beginning of the year, and the final inventory will be 20 million 650 thousand tons. We believe that the global cotton inventory needs to digest for several years or more, and the huge stock pressure will hinder the rise of the international cotton price.

We expect that the global cotton planting area in 2015/16 will be reduced by about 2% over the previous year.

In 2015, the total output of cotton in China was 5 million 605 thousand tons, a decrease of 9.3% over the same period last year, and the total consumption was about 7 million 500 thousand tons, a decrease of 6.25% compared with the same period last year, with a terminal inventory of about 11 million 980 thousand tons, a decrease of 6.77% over the same period last year.

Due to the sharp decline in cotton prices in the past three years and below the cost of planting, the confidence in cotton planting has been frustrated for a long time to be repaired, and the attractiveness of the 2016 competitive crops (grains and soybeans) is expected to continue to improve.

It is estimated that cotton output will be about 5 million 300 thousand tons in 2016, down 9.3% compared with the same period last year, and the total cotton consumption will be about 7 million 300 thousand tons, down 2.7% from the same period last year.

We expect that the supply of cotton in China will be short of 2 million 500 thousand tons in 2016, but the stock is still near the 12 million ton high. The task of going to stock is still not finished, and the downstream market has not been improved. In 2016, there is no room for substantial increase in cotton prices, but the partial rebound is not ruled out.

On the whole, we believe that cotton prices are still at the low level of the bear market cycle. Only after the late inventory has been improved, the cost and benefits of planting cotton have been improved and the situation has been improving.