The Price Of Seed Cotton Has Risen Slightly, And Textile Enterprises Are Facing The Present With Caution.

Last week (October 2019 11-17), cotton market adjustment, gauze Market slightly better, polyester sticky market stability.

Cotton. Affected by the easing of trade wars and the continuous emission reduction news, the purchasing power of cotton seed mills increased and the purchase price showed a small upward trend. The average price of seed cotton purchase in Kuitun was 3128 yuan / kg (39% lint) and about 11700-11900 yuan / ton of lint cotton in the area of 4.9-5. With the gradual listing of new cotton, the sales pressure of Chen cotton increased. It is reported that at present, the "double 29" gross weight pick up price in North Xinjiang is priced at 12500-12600 yuan / ton. The price of new cotton in Sichuan is about 13000 yuan / ton.

Polyester and short. Polyester raw material PTA/MEG appeared obvious downtrend, polyester and short cost support message, superimposed downstream demand, poor follow-up, polyester short market or once again into the weak. This week, Sinopec's Sinopec's short price is 7650 yuan / ton, and the price of chemical fiber and polyester in Sichuan is about 6500-6800 yuan per ton.

Textile enterprises. Although it is now the golden autumn October, it is difficult to see the "golden nine silver ten" scene in the textile market. At present, spinning enterprises maintain production and continue to focus on stock. Textile enterprises are looking forward to the future market. Under difficult circumstances, enterprises will operate cautiously, continue to pay attention to the progress of trade negotiations, do a good job in purchasing raw materials this year, and look forward to the improvement of downstream consumption.