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    Weekly Market Dynamics (23-29 September 2019)

    2019/10/9 10:45:00 0

    Market Quotation

    When the price of cotton fell both at home and abroad, the price of polyester staple fiber rose and fell, and viscose staple prices rose steadily, and the price of gauze remained weak.

    First, the spot price of cotton both at home and abroad has dropped, and the difference between domestic and foreign cotton prices has narrowed further.

    When Zhou was influenced by Trump's speech, the market confidence was once again hit, plus the new cotton market, the supply of cotton resources in the market was adequate, the pressure of the package insurance was once again highlighted, cotton prices fell, the weekend fell, and domestic cotton prices fell more than foreign cotton prices. On the data side, the average spot price of domestic cotton grade 3128 was 12692 yuan / ton, compared with the previous week, 250 yuan per ton, and the settlement price of Zhengzhou cotton futures contract was 12516 yuan / ton, down 482 yuan / ton compared with the previous week. In the international arena, the average price of the CotlookA index was 71.46 cents / pound during the week, which was 1.04 cents lower than the previous week, and the settlement price of New York cotton futures contract was 60.59 cents / pound, a decrease of 0.6 cents / pound compared with the previous week.

    The difference between domestic and foreign cotton prices continued to shrink, and the spot price of cotton both inside and outside was almost flat. In the week, the average price difference between domestic and foreign cotton prices was 276 yuan / ton, down 72 yuan / ton compared with the previous week.

       Cotton price trend at home and abroad since 2018

    Two, viscose staple fiber prices rose steadily, polyester staple prices fell

    During the week, the viscose market basically fulfilled orders, and prices remained at the weekend prices. Some factories deliberately increased their quotations, but the actual turnover was limited, and the average price in the week was higher than the previous week. At the beginning of the week, the price of polyester staple fiber continued to decline in the previous week, and then continued to decline. The price of PET staple fiber dropped again after two weeks of rising. The average price of viscose staple fiber was 10718 yuan / ton during the week, up 62 yuan / ton compared with the previous week, and the average price of PET staple was 7361 yuan / ton, which was 291 yuan / ton lower than the previous week.

       Price trend of chemical fiber staple since 2018

    Three, the price of gauze remains weak.

    At the beginning of the week, the price of cotton yarn remained the week before, and cotton prices fell on the weekend. Especially after the fall of Zheng cotton, the market wait-and-see sentiment rose, and regional prices dropped. In the week, the average price of 32 domestic cotton combed yarn was 20142 yuan / ton, down 30 yuan / ton compared with the previous week.

    When the price of imported yarn remained stable, the market overall mentality remained pessimistic. In the week, the average price of 32 Cotton Combed Yarns in India was 20300 yuan / ton, which was the same as the average price of the previous week. The average price is still higher than the domestic cotton yarn price. The average price of 32 cotton pure combed yarn in Vietnam is 19742 yuan / ton, which is 8 yuan / ton lower than the previous week, and the average price difference of 32 cotton pure cotton combed yarn is 400 yuan / ton, which is 22 yuan / ton lower than the previous week.

    In the week, the overall market of the whole cotton fabric market fluctuated little, and it was still dominated by pre digestion orders and inventory. At present, it still has difficulties in taking the goods as a whole, and prices are stable or falling. In the week, the average price of pure cotton grey fabric (32*32130*70 2/1 47 "twill") was 4.90 yuan / m, which was 0.03 yuan / meter lower than the previous week.

       Price chart of cotton yarn at home and abroad since 2018

       Price chart of gauze products since 2018

    Four, outlook for the future

    Recently, the United States has suppressed Chinese enterprises in the financial and Internet sectors. The uncertainties in Sino US relations have further increased and market risks have intensified. At the invitation of the US side, the Chinese delegation will hold a new round of Sino US economic and trade consultations in the US in from October 10th to 11th. At present, "Kim Gu" has passed, the market is not as warm as expected, the "silver ten" market is still in the doldrums, the market price in the short term to maintain a weak probability.

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