Polyester And Short Market: Upstream PTA Down, Downstream Enquiries Cautious

Polyester and short market stability is the main, Jiangsu and Zhejiang 1.4D direct spinning polyester short mainstream newspaper 6700-6850 yuan / ton factory, the actual deal can be discussed.

Fujian polyester short market quotation is stable, 1.4D direct spinning polyester short mainstream newspaper 6700-6800 yuan / ton short delivery, volume more pactions slightly discount, morning inquiry generally.

Shandong,

Polyester short quotation weak stability, 1.4D direct spinning polyester short mainstream newspaper 6750-6900 yuan / ton delivered to the province, the actual business negotiations, downstream yarn manufacturers wait-and-see mainly, inquiry is cautious.

The market as a whole collated wait-and-see atmosphere, and confidence in the market was slightly less.

Upstream PTA spot market prices are down, and the current PTA market is quoted at 4620 yuan / ton, down 0.17% from the previous day, up 3.96% over the same period last year.

downstream

Market stability, Shandong Changyi market pure polyester yarn quotations are stable, the market is sparse, the original white yarn excellent yarn 32S offer 12000-13000 yuan / ton short delivery, high price 13500-13800 yuan / ton.

Shengze market pure polyester yarn quoted price is stable, sales atmosphere is sparse, 32S mainstream newspaper 11200 yuan / ton up and down, 45s mainstream quoted price 12300 yuan / ton nearby.

Upper reaches

Down, the cost has weakened, the downstream yarn manufacturers wait and see, and enquiries are prudent. It is expected that polyester staple prices will remain stable and weak in the short term.

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According to the "notice on the arrangements for the rotation of cotton reserves in the state", the formula for calculating the selling price of cotton reserves is raised. Twenty-second weeks, the reserve price of cotton reserves increased by 226 yuan / ton to 13670 yuan / ton, which stimulated Zheng cotton to increase its position.

New cotton has sporadic listing, but because of the high horse value, picking and rain, the grade is not high, compared with the reserve cotton prices and quality has no advantage, sales are not smooth, the main source of the market is still the two sales reserve cotton.

It is reported that in September 23rd, China's cotton reserve management company plans to sell 30 thousand tons of cotton reserves (domestic cotton), and the actual turnover is 30 thousand tons, with a turnover rate of 100%. The average price is 14025 yuan / ton, and the 3128 price is 14861 yuan / ton.

According to the statistics of the General Administration of Customs of China, in August 2016, 69 thousand and 300 tons of cotton imported from China decreased by 25 thousand and 600 tons, a decrease of 26.97%, a decrease of 760 tons and a decrease of 1.08% compared with that of the previous year. In 2016, China's total import of 594 thousand and 300 tons of cotton decreased by 514 thousand and 100 tons in the 1-8 months, and the reduction was 46.39%.

Since April this year, Zheng cotton has increased by more than 50%.

Insiders pointed out that the main reason for this increase in cotton prices is "the difficulty of the package inspection", the "heavy accumulation" and the collective rebound of commodities (4044.18,24.410,0.61%).

Gu Bin, chairman of Hefei silver Peng cotton limited company, pointed out that the direct factors that affect the cotton price change in the next year are mainly four aspects: first, how to adjust the new subsidy scheme after the end of the cotton target price subsidy pilot; two, what is the impact of the upgrading of Xinjiang textile production capacity on the supply structure of the whole market; three, the impact of the implementation of the relevant national pportation overload regulations on the domestic cotton market; and four, the impact of the whole macro environment change on cotton prices.

He estimated that the cotton price in the new year will be 14000 yuan / ton as the main axis, fluctuating 1000 yuan up and down, fluctuating frequently, the amplitude smaller and the long-term trend rising.