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    Weekly Market Dynamics (16-22 September 2019)

    2019/9/24 13:19:00 0

    Market Quotation

    When the price of raw cotton at home and abroad first increased slightly, then the price of chemical fiber staple increased, and the price of polyester staple fiber was higher than that of viscose staple fiber.

    First, Sino US trade negotiations have changed frequently, and domestic and foreign cotton prices have risen slightly overall.

    At the beginning of the week, cotton prices continued to rise at home and abroad. The trend of Sino US trade negotiations once again turned cloudy and cloudy, and cotton prices began to rise and fall. On the whole, cotton prices at home and abroad rose compared with the previous week, and cotton prices in foreign countries rose more than domestic cotton prices. On the data side, the average price of domestic 3128 grade cotton spot was 12942 yuan / ton, which rose 109 yuan / ton compared with the previous week, and the settlement price of Zhengzhou cotton futures contract was 12998 yuan / ton, up 67 yuan / ton compared with the previous week. In the international arena, the average price of CotlookA index was 72.50 cents / pound during the week, up 1.86 cents / pound compared with the previous week, and the settlement price of New York cotton futures contract was 61.19 cents / pound, a decrease of 0.07 cents / pound compared with the previous week.

    In the week, the average price difference between domestic and foreign cotton prices was 348 yuan / ton, down 209 yuan / ton compared with the previous week.

       Cotton price trend at home and abroad since 2018

    Two, viscose staple fiber prices began to rebound, polyester staple fiber prices increased

    At the beginning of the week, viscose staple prices rebounded slightly, and as the downstream orders gradually increased, the factory gradually increased the offer. Polyester staple fiber prices followed the trend of crude oil and polyester raw materials, rising rapidly at the beginning of the week, and somewhat lower at the weekend. The overall average price increased significantly compared with the previous week. The average price of viscose staple fiber was 10656 yuan / ton during the week, up 146 yuan / ton compared with the previous week, and the average price of PET staple was 7652 yuan / ton, up 343 yuan / ton compared with the previous week.

       Price trend of chemical fiber staple since 2018

    Three, the price of gauze remains low.

    When the weekly cotton yarn market was better than before, the overall operation of the market was still weak. From the product point of view, the flow of pure cotton yarn is still available, but the combed cotton yarn market has improved slightly, but it is still relatively dull. The high pure cotton yarn market is still sluggish, and the stock of spinning enterprises is hard to drop. The price is still weak, and the average price of 32 cotton combed yarn in the week was 20172 yuan / ton, down 11 yuan / ton compared with the previous week.

    During the week, the import yarn market was running smoothly, the shipment speed was slow, and the spot market price remained stable overall. During the week, the average price of 32 Cotton Combed Yarns in India was 20300 yuan / ton, which was 25 yuan / ton lower than the previous week's average price, higher than the domestic cotton yarn price; Vietnam's average price of 32 cotton combed yarn was 19750 yuan / ton, compared with the previous week, the price dropped 25 yuan / ton, and the average price difference of 32 cotton carding yarn was 422 yuan / ton, which was reduced by 14 yuan / ton compared with the previous week.

    In the week, the market of grey fabric still maintained a small single mode, and the price was weak. Some companies with low seasonal demand and higher inventory levels raised the offer, but the overall price remained downward. In the week, the average price of pure cotton grey fabric (32*32 130*70 2/1 47 "twill) was 4.93 yuan / m, compared with the previous week, the price dropped by 0.05 yuan / meter.

       Price chart of cotton yarn at home and abroad since 2018

       Price trend of gauze since 2018

    Four, outlook for the future

    At present, the launch of cotton reserves is coming to an end this year. The new cotton market will start soon. Sino US trade negotiations frequently change, and market uncertainty is relatively large. In the near future, we should continue to pay attention to the purchase price of cotton in Xinjiang and the fluctuation of international cotton prices. The market is expected to maintain the current development trend is more likely, gauze price difficult to get out of the predicament.

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