Sino US Trade War Upgrades Raw Material And Yarn Prices Down Again

Last week (18-23 August), the Sino US trade war escalated, the domestic market began to billows again, the outflow of non sentiments broke out, and the voice dropped sharply. The price of raw materials is down again, and the yarn is being dragged down again.

Raw materials for cotton. The turnover rate is relatively stable, and the price is down. It can be seen that the spot market is deserted, and the spot market is deserted, and a few cotton processing enterprises in southern Xinjiang, such as Kuitun and Changji, are offering "double 28" and "double 29" cotton picking quotations as low as 12000-12300 yuan / ton (later flower, impurity 3.5% and above), and the "double 30" machine picking cotton is also lower than 12500 yuan / ton. Other enterprises have sharply lowered the price in the same step and have a strong mentality of going stock. Recently, Xinjiang cotton is coming to the boll opening period. It is estimated that from the end of August to the beginning of September, the cotton in the southern Xinjiang area will be developed ahead of time. Before mid September, the hand picked cotton will be gathered in the middle of September. During the week, Zheng cotton was hovering low. As of Friday (23), Zheng cotton main contract CF1909 closed 12300 yuan / ton, up 40 yuan / ton, the market pessimistic sentiment is stronger, the parties wait and see; the reserve cotton market.

Other raw materials. Polyester staple prices fell slightly. As of 24 days, Jiangsu and Zhejiang 1.4D*38mm polyester short fiber reported 7250 yuan / ton, compared with August 19th fell 100 yuan / ton, sales volume in general, large single volume can be negotiated. Viscose staple fiber price volatility dropped, Shandong 1.5D*38mm viscose staple fiber reported 11600 yuan / ton, 1.2D*38mm viscose staple fiber reported 11500 yuan / ton, compared with August 19th fell 200 yuan / ton, the actual deal can be discussed.

Pure cotton yarn. According to the introduction of enterprises in Shandong and Hebei, the Sino US trade war has escalated. Zheng cotton has fallen sharply. It is expected that the export of textile and clothing will be affected, and many textile mills should reduce the price of yarn. On the 24 day, a factory in Shandong has a high price of 20600 yuan / ton for the pure cotton yarn. The current price is 20600 yuan / ton. The 32S high quality knitted pure cotton yarn is quoted at 22000 yuan / ton, down 300 yuan / ton compared with August 19th. It is understood that at present, the pressure of textile mills is mainly reflected in three aspects: first, it does not comply with orders, many manufacturers in August basically did not receive orders, can only hope in 9-10 months; two, the downstream market mentality is generally pessimistic, take the goods generally not active, mostly in the form of credit; three, the backlog is serious, due to the rapid decline in raw material costs, the cost of pre production yarn is too high, has caused the upside down.

Other yarns. Week, polyester yarn prices are mainly vulnerable. On the 24 day, a 32S polyester yarn of a factory in Shandong was quoted at 16300 yuan / ton (opening the factory). It is flat compared with August 18th. The largest quantity can be negotiated. A factory in Shandong has 17500 yuan / ton of 30S cotton yarn, which is flat compared with August 18th, and sales volume is generally large.

Imported yarn. Recently, the price of imported yarn has dropped by two times. Among them, Pakistan, India 8S-16S siro spinning continued weak, India, Vietnam, Indonesia and other origin 32 or more counts of combed yarn sales continued to slump, cloth factories and middlemen mostly single purchase, reduce or even do not keep raw materials inventory. At present, there are about 120 thousand tons of import yarn library, and still high.