Cotton Spot Prices Continue To Sell Weak Textile Enterprises Difficult Financial Constraints

Last week, cotton spot market continued weak adjustment trend, polyester sticky prices began to fall, gauze market pressure.

Last week, the cotton spot market continued weak adjustment trend, the market is difficult to have confidence in the downstream demand for good, the overall spot market was deserted, it is reported that the spot part of Xinjiang Kashi partial pledge has a phenomenon of dumping, the pledged side is the return of funds, the low price volume is acceptable, the base price quoted in the big CF1909 contract 100 liters. Henan, a merchant Xinjiang warehouse 3129 class Xinjiang corps, the price quoted by machine is 14450 yuan / ton. Shandong one merchant Xinjiang storehouse 3128 class Xinjiang cotton machine quoted price is 14350 yuan / ton (public, the self mention), the shipment is not many, only can discuss. Cotton spot cotton picking cotton in the Sichuan area is about 14300-14400 yuan / ton, the reserve cotton is about 13600-13800 yuan / ton, and the price is determined according to the quality.

Last week, polyester raw materials PTA and MEG continued to be weak, and the weaker demand for downstream was relatively low. Polyester staple fibers also showed weakness in poor sales. This week, Sinopec's Sinopec short sale price of 8650 yuan / ton, Sichuan chemical fiber and polyester short 7300-7500 yuan / ton.

Recently, textile enterprises are facing double pressures of sales and financial constraints. Downstream cloth factory procurement quantity is very small, the whole market atmosphere is very cold. In the case of lower consumption, the stock of spinning enterprises continues to increase, and autumn orders are also hard to save. Textile workers are under great pressure.