The Latest News Of Sino US Negotiations Reveals That The Spot Market Will Continue To Be Stable And Weak.

The first week of 2019 is a new year.

US stocks bottomed out and international crude prices fell upward.

The central bank has cut down the deposit reserve ratio by 1 percentage points and will release about 1 trillion and 500 billion yuan.

Although many favorable factors are coming, it does not seem to have lifted the current sluggish spot market. The market has been in a moderate atmosphere. Only the ongoing negotiations between China and the United States are more attractive. I believe the industry is looking forward to it.

In from January 2nd to 4th, domestic cotton futures prices differentiated and international cotton prices continued to fall.

In January 4th, the domestic cotton 3128B price index was 15352 yuan / ton, down 31 yuan / ton compared with December 28th, or 0.2%; the price index of the main contract closing price of zhengmian futures was 14920 yuan / ton, up 90 yuan / ton compared with December 28th, or 0.6%, at the beginning of this week, the price of zhengmian futures continued to rise slightly; the international cotton M price index was 13691 yuan / ton, compared with December 28th, it dropped 323 yuan / ton, or decreased 2.3%.

In from January 2nd to 4th, the short fiber price index continued to be weak.

In January 4th, the price index of polyester staple fiber was 8750 yuan / ton, down 1.24% yuan, or 1.24%, compared with December 28th. In view of the upward adjustment trend of upstream crude oil and polyester raw material prices, the price of polyester staple fiber will increase slightly; the viscose staple fiber price index is 13690 yuan / ton, down 30 yuan / ton compared with December 28th, or 0.2%, sticky short, lack of big single stimulation, low market actual demand, lack of confidence in the industry, some factories tend to stop repair, and the latter market continues to be weak.

In from January 2nd to 4th, the overall price of yarn market continued to be weak.

In January 4th, the price index of cotton yarn 30S was 18320 yuan / ton, 50 yuan / ton lower than the December 28th price, and 0.27% decline; the pure cotton yarn 32S price index was 23180 yuan / ton, compared with December 28th, it fell 40 yuan / ton, or 0.2%; "double section" is so plain that the yarn market has not gone up half a bit.

Recently, the Sino US negotiations have been opened and the US stock market has risen sharply. According to the latest news, China and the United States have put pressure on the Chinese delegation to give specific plans or timetables to ensure that the Chinese side will fulfill their commitments. The description is not hard to imagine. The negotiation is the deepening and implementation of the details, which will obviously be a lengthy process.

In the short run, the raw material and yarn spot market will continue to be stable and weak in the short term.