Weekly Market Dynamics (8-13 October 2019)

After the national day, market demand is still relatively low. Cotton textile raw materials and product prices vary little during the week. Compared with pre holiday, the price of cotton and polyester staple fiber has declined, and the rest price is basically the same as before the holiday.

First, domestic cotton spot prices have dropped, international cotton spot prices have risen, and internal and external cotton prices have been upside down.

During the national day, the cotton mill started to purchase. The purchase price of seed cotton decreased significantly compared with the previous years, and the spot price of cotton in the domestic period decreased compared with that before the festival. During the National Day holiday and the week after the holiday, the main force of the US cotton futures rose sharply, which led to a rise in the spot cargo and port dollars in the long run. On the data side, the average spot price of domestic cotton grade 3128 was 12440 yuan / ton, compared with the 252 yuan / ton before the National Day holiday, and the settlement price of Zhengzhou cotton futures contract was 12298 yuan / ton, which was 218 yuan / ton lower than that before the national day. The international average price of the CotlookA index was 71.97 cents / pound during the week, which was 0.51 cents / pound higher than that before the national day. The settlement price of New York cotton futures contract was 62.61 cents / pound, up by 2.02 cents / pound before the National Day holiday.

When the spot price of cotton at home and abroad was upside down, the spot price of domestic cotton was lower than the spot price of foreign cotton by 105 yuan / ton.

　　 Cotton price trend at home and abroad since 2018

Two, viscose staple fiber prices rose slightly, PET staple prices fell

When the price of viscose staple was basically maintained before the week, some enterprises began to raise prices tentatively at the weekend after the increase in sales volume of some enterprises, but the actual turnover was still around 17000 yuan / ton. In terms of polyester staple fiber, due to the modest supplement of the pre textile enterprises, the demand after the festival is generally low, and the price is lower than before the festival, and the price varies little during the week. The average price of viscose staple fiber was 10734 yuan / ton, 16 yuan / ton before the National Day holiday, and 7163 yuan / ton of polyester staple fiber, which was 198 yuan / ton lower than that before the national day.

　　 Price trend of chemical fiber staple since 2018

Three, the price of gauze is stable and weak.

After the holiday, the market of pure cotton yarn has changed little. The trading atmosphere is relatively stable, and prices have remained stable. The price will be maintained at the end of September. Conventional yarns are still better than combed yarns. Some enterprises have the phenomenon of low yield and blended yarn. In the week, the average price of 32 domestic cotton combed yarn was 20102 yuan / ton, compared with 40 yuan / ton before the National Day holiday.

During the week, the price of India cotton yarn remained unchanged before the week, and the price remained unchanged during the week. Although Vietnamese Vietnamese cotton yarn shipments are more smooth after the holidays, traders are weak in terms of volume. 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 before the national day, which was higher than that of the domestic cotton yarn 198 yuan / ton. Vietnam's average price of 32 cotton combed yarn was 19660 yuan / ton, which was 82 yuan / ton lower than the price before the national day, and 442 yuan / ton with the average price of 32 cotton carding yarn in China, which was 42 yuan / ton higher than that before the national day.

After the festival, the cotton fabric market maintained the eve of national day, and the trading atmosphere was still good, mostly for the "double eleven" order, and the price was basically weak. In the week, the average price of pure cotton grey cloth (32*32130*70 2/1 47 "twill") was 4.89 yuan / m, which was 0.01 yuan / m lower than the average price before National Day.

　　 Price chart of cotton yarn at home and abroad since 2018

　　 Price chart of gauze products since 2018

Four, outlook for the future

Last weekend, the new round of Sino US economic and trade consultations released good news and market confidence was boosted. At present, the cotton price is very high in the northern hemisphere during the concentrated cotton market, and the probability of short-term fluctuation is expected to be larger. Short term orders can continue, and long-term orders are scarce. The price of gauze is expected to remain stable.