Weekly Market Dynamics (9-15 September 2019)
During the week, cotton prices both rose at home and abroad, and polyester staple prices rose slightly. Viscose staple prices first fell and then rose, and gauze prices continued to fall.
First, Sino US trade releases favorable signals and cotton prices both rise at home and abroad.
The Sino US economic and trade consultations have gone through several ups and downs. At present, China and the United States have agreed to hold the thirteenth round of high-level Sino US economic and trade consultations in Washington at the beginning of October. Futures prices rose higher than spot prices, and foreign cotton prices rose more than domestic cotton prices.
In the week, the average price of domestic 3128 grade cotton spot was 12833 yuan / ton, up 149 yuan / ton compared with the previous week, and the settlement price of Zhengzhou cotton futures contract was 12931 yuan / ton, up 215 yuan / ton compared with the previous week. On the international side, the average price of CotlookA index was 70.64 cents / pound during the week, up 0.85 cents / pound compared with the previous week, and the settlement price of New York cotton futures contract was 61.26 cents / pound, up by 2.85 cents / pound compared with the previous week.
In the week, the average price difference between domestic and foreign cotton prices was 557 yuan / ton, up 27 yuan / ton compared with the previous week.
Cotton price trend at home and abroad since 2018
Two, viscose staple fiber prices fell first and then increased, PET staple prices rose slightly.
At the beginning of the week, viscose staple fiber prices continued to decline before the week, volume increased in mid week, prices began to rebound, but the rise was small, so the average weekly price was lower than the previous week. Polyester staple fiber in the first half of the week, polyester raw materials tend to be strong, prices rose slightly. In the second half of the week, polyester raw materials stopped rising, and the price of polyester staple fibers rose steadily. The average price of viscose staple fiber was 10510 yuan / ton, compared with the previous week, 310 yuan / ton, and the average price of polyester staple fiber was 7309 yuan / ton, up 185 yuan / ton compared with the previous week.
Price trend of chemical fiber staple since 2018
Three, the price of gauze is difficult.
It has been more than two weeks to enter the traditional textile peak season, and the downstream market has been better than before. It is understood that the market in Guangdong is better in recent years, but there is still a gap compared with previous years. The market is still quite different among the varieties. The conventional combed yarn is still relatively good, and the conventional combed yarn is weak. The high pure cotton yarn has not been improved and the price is basically stable. In the week, the average price of 32 domestic cotton combed yarn was 20183 yuan / ton, down 35 yuan / ton compared with the previous week.
In the week, the import yarn market improved, orders increased and prices remained stable. During the week, the average price of 32 Cotton Combed Yarns in India was 20325 yuan / ton, which was 45 yuan / ton lower than the previous week. The average price is still higher than the price of the same cotton yarn. Vietnam's average price of 32 cotton combed yarn is 19775 yuan / ton, which is 25 yuan / ton lower than the previous week, and the average price difference of 32 cotton carding yarn is 408 yuan / ton, which is reduced by 10 yuan / ton compared with the previous week.
In the week, the cotton fabric market was slightly warmer, but far from the previous years. From the point of view of orders, small orders are the mainstream, big single is less, and price competition is fierce. Coupled with the pressure of inventory in the weaving mill, it is still mainly based on the withdrawal of funds and the price is stable and weak. In the week, the average price of pure cotton grey fabric (32*32 130*70 2/1 47 "twill) was 4.98 yuan / m, compared with the previous week, the price dropped by 0.09 yuan / meter.
Price chart of cotton yarn at home and abroad since 2018
Price chart of gauze products since 2018
Four, outlook for the future
Recently, relevant agencies in China and the United States have disclosed that China will purchase US agricultural products and benefit us cotton prices. But at present, it is in the season of new flower listing, and the pressure of cotton supply is coming. It is unlikely that cotton prices will rise substantially. Although "Kim Gu" has come, but "fineness" is not enough, the price of gauze in the near future is still somewhat difficult.
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