Short Staple Manufacturers Offer Stable Prices

The actual discount rate has been slightly expanded.

1.4D direct spinning polyester and short market mainstream newspaper 7100-7300 yuan / ton factory.

Fujian polyester short market quotation is stable, 1.4D direct spinning polyester and short market mainstream reported 7200-7350 yuan / ton short delivery, the actual business negotiations, early PTA futures opened after weaker margin.

Calm and wait-and-see atmosphere, but a slight increase in the scope of negotiations, later concerned about the trend of oil prices and PTA futures.

Shandong,

The short quotation is steady and slightly weak, 1.4D direct spinning polyester short mainstream newspaper 7100-7200 yuan / ton to arrive, the paction talks, the downstream digestion early reserves, the morning inquiry light.

Shandong Changyi market pure polyester yarn quoted price is stable, the market paction is sparse, the mainstream of 32S yarn is 11000 yuan / ton, imitating the large yarn 9300 yuan / ton.

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At present, the cotton futures market is encountering "late spring cold", and ICE cotton price has fallen continuously and hit a new low.

Affected by the global stock market crash and the fall in commodity prices, the price of cotton spot market has dropped along with the news that the reserve cotton is out of stock.

Cotton enterprises are eager to sell new cotton, hoping to rush out of stock before coming out of the market.

At present, textile enterprises have basically started production, but at the beginning of the market, the overall market has not yet started.

The intention of downstream customers to enter the market is not strong, and the participation of traders is lower than in previous years. Insiders say that because of the strong market atmosphere, cotton prices still have the possibility of falling, and textile enterprises are mostly waiting for raw materials to purchase.

There are three main factors leading to the decline of Zheng cotton futures price. The main reason is that there are three main reasons: first, the current market is very concerned about how to store the national cotton store. Many cotton enterprises worry that the large number of low price stores will further reduce the cotton prices. This is also the main reason for the recent decline in domestic cotton prices; two, the domestic and international economic growth prospects are still not optimistic, the demand for downstream cotton products is sluggish, and the international cotton prices continue to decline to a greater impact on the domestic cotton market.

At present, there are great differences in the price trend of domestic cotton in the late stage.

Although some futures analysts are still looking at the price of cotton, but because domestic cotton prices have been in line with the cost of imported cotton, and domestic cotton planting area is expected to continue to decline, many cotton enterprises think cotton prices are close to the bottom.

Wei Gangmin, chairman of Henan TongZhou Cotton Industry Co., Ltd., said: "investors who may be concerned about the fluctuation of cotton prices have seen the current situation. At present, cotton prices have fallen below 10000 yuan / ton from 13000 yuan / ton in the beginning of the year, and the overall trend is still falling rapidly, and the fall process has not yet been completed."

He said that the sluggish economic recovery and the national reserve cotton throwing and storage still dominated cotton prices. Cotton prices remained unoptimistic before the implementation of the policy of dumping and storage. The real turning point would come from the implementation of the policy of dumping and storage.

Merchants futures researcher also said that the low price of the national reserve cotton will be a big probability event, and cotton prices still have room to fall.

The United States Department of Agriculture recently released the next year's global cotton market forecast report also shows that 2016/2017 global consumption growth is weak, low chemical fiber prices and China's national cotton store plan will bring continuous pressure on international cotton prices.

The USDA report thinks that because China's cotton production and demand gap has increased, and the price of rumoured rounds will be reduced, the number of Chinese reserve cotton throwing and storing in 2016/2017 may increase.