Sino US Trade Upgrade August Viscose Staple Market Difficult To Turn Over

According to the price data of business associations, by August 7th, the average price of 1.2D*38mm viscose staple domestic market was 11825 yuan / ton, up 0.11%, or 13 yuan / ton, basically flat, down 17.42%, or 2495 yuan / ton. Tangshan leads the country's highest price of 12500 yuan / ton, and the price of the big factory is maintained at around 11800-12100 yuan / ton.

The price of domestic cotton lint is stable. The start-up rate of enterprises is low, the output of short cashmere is limited, and the price of cotton seed is strong, which supports short staple market, but the pressure of environmental protection has been relatively large. The factory operation rate of downstream factories is relatively low, and the price of imported short staple is low. Manufacturers purchase high priced short staple, and the market volume is limited, and the price of domestic short staple is limited, which is expected to be short-term or stable. The quality cotton short staple in Shandong is quoted at 3700-3900 yuan / ton. The quality of Shanxi is better than the price of 4200 yuan / ton, and the price is not in the market. The price in Jiangxi is 3800 yuan / ton, and the local price is 3500 yuan / ton. The overall price is flat, but the turnover is light.

As of August 6th, the average price of 30S cotton yarn in Shandong area was 17033 yuan / ton, down 1.83%, or 317 yuan / ton, down 14.62%, or 1917 yuan / ton. The price of the middle end factory is between 16300-16500 yuan / ton, and the price of the high-end factory is about 17500 yuan / ton. Affected by the decline in raw materials and orders, some cotton mills began to leave for the summer, and the operating rate of enterprises decreased. Due to the escalation of Sino US trade, orders for textile exports to the lower reaches are less, yarn prices are not good, and the price of spot yarn in some areas has dropped sharply. Zheng cotton futures prices fell, the negative cotton yarn spot market, most areas of the stock backlog phenomenon is called normal, yarn prices stable and weak situation is difficult to change, but the second half of the order season is coming, manufacturers have a very psychological price.

Recently, Trump issued a tweet that the trade negotiations are still in progress, but the United States will impose a 10% tariff on the remaining 300 billion dollars of Chinese products from September 1st onwards. According to the latest statistics of the US Department of Commerce, in June, the United States maintained an increase in China's clothing imports, an increase of 3.6% over the previous year, an increase of 2% over the previous year and a 1.6% decline in the unit price. In the global market, the United States will not encounter suppliers like China, low price, and can provide large quantities of goods on time. So how the US wants to get rid of its dependence on the Chinese market, not only the demand is not decreasing, but it is increasing, so from September 1st, American buyers will be forced to pay the 10% tariff.

Business analysts believe that the upstream cotton lint price is stable, but there is always no market price. Futures lint plummeted, downstream yarn market continued to weaken, the textile industry still has difficulties. The escalation of trade conflicts between China and the United States has brought a series of impacts to the domestic economy. The RMB exchange rate has broken 7, the stock market has plunged sharply, and the cotton futures in the upper reaches have fallen sharply, and the yarn prices have generally fallen, which has brought a great blow to the garment industry. Viscose staple fiber prices are expected to continue downward in August, a decrease of 300-400 yuan / ton.