Will The US Working Group'S Visit To China Be Good For The Short Staple Market?

Recently, the continued downturn in US stocks and the lack of impetus for the rise of commodities have made the overall atmosphere of the textile market continue to be vulnerable to adjustment.

Sticky short prices continued to be stable, weak, polyester short price fell, cotton yarn market weak collation, pure cotton yarn market is still dull.

On the morning of January 4th, China and the United States held a deputy ministerial level call to confirm that the deputy trade representative of the United States, Mr Green, will lead the US working group to China on from January 7th to 8th and actively and constructively discuss with the Chinese Working Group on implementing the important consensus of the two heads of state in Argentina.

Will this critical moment be beneficial to the current sluggish staple market?

Viscose staple fiber prices were stable and weak, and the price of cotton yarn continued to decline slightly.

In January 4th, the viscose staple fiber price continued to end at 13500-13700 yuan / ton, high-end 13900-14100 yuan / ton, the overall price is stable and weak, the factory's actual inventory continues to rise, upstream raw material market short staple, cotton pulp and other prices continue to be weak, there is no actual purchasing intention downstream, at this stage viscose staple fiber price stability is weak.

The price of cotton yarn continued to decline slightly. In January 4th, the ring spinning R30S quoted 18320 yuan / ton, a decrease of 50 yuan / ton compared with last Friday, and the market trading was flat.

Polyester staple fiber prices decline, pure polyester yarn stability.

In January 4th, the quotation of polyester staple fiber was on a downward trend, and the actual delivery was rather cold. The mainstream of 1.4D polyester staple in Jiangsu and Zhejiang was quoted at 8700-8850 yuan / ton. It was negotiated or 8650-8750 yuan / ton in length. The price of Fujian polyester staple 1.4D direct spun polyester staple was quoted at 8750-8900 yuan / ton, and the mainstream quotation of Shandong and Hebei polyester staple.4D direct spinning polyester staple was discussed near 8750-8900 yuan / ton.

The pure polyester yarn is in the consolidation stage, and the price is steady at the stage. The upstream raw material market trend fluctuates repeatedly, and the demand enthusiasm at the end of the downstream is weak. In the short term, it is still dominated by disadvantaged finishing.

At present, the 90 days of negotiations between China and the United States for the implementation of tariffs and other initiatives have been in the past one month, and the textile market is hard to make a big change in the current situation. But professional analysis, market oriented economic system development, such a market trend is normal, and the latest information on Sino US trade further consultation, and the rumor of financial markets related to full scale reduction, will soon benefit the current market situation, and major futures prices will rise slightly. Today's domestic and international cotton futures market has been reflected.