Weekly Market Dynamics (14-20 October 2019)

When the market was pessimistic, the price of raw cotton increased, viscose staple prices were stable, polyester staple prices rose first and then fell, and the price of cotton yarn increased slightly at the end of the product.

First, domestic and foreign cotton prices are rising, and domestic and foreign cotton prices continue to hang upside down.

Recently, Sino US economic and trade consultations have made substantial progress. The United States has suspended tariffs on China's imports of $250 billion, which originally came into force in October 15th, and China agreed to buy 40 billion to 50 billion dollars of agricultural products from the United States. Affected by this news, domestic and foreign cotton futures prices rose sharply.

On the data side, the average price of domestic 3128 grade cotton spot was 12640 yuan / ton, which rose 200 yuan / ton compared with the previous week, and the settlement price of Zhengzhou cotton futures contract was 12645 yuan / ton, up 347 yuan / ton compared with the previous week. The international average price of CotlookA index is 74.3 cents / pound, up 2.33 cents / pound compared with the previous week, and the settlement price of New York cotton futures contract is 63.8 cents / pound, up by 1.19 cents / pound compared with the previous week.

When the spot price of cotton was kept upside down at home and abroad, the spread of domestic cotton prices was lower than the spot price of foreign cotton on average 314 yuan / ton.

　　 Cotton price trend at home and abroad since 2018

Two, viscose staple fiber prices are basically stable, polyester staple prices rise first and then fall.

In the week, viscose staple fiber market remained stable. The price at the beginning of the week decreased slightly compared with the previous week, and then operated smoothly. In contrast, polyester staple fiber prices fluctuated slightly. At the beginning of the week, the price of polyester staple fiber increased, but the price began to weaken with the decline of polyester raw materials and downstream demand. The average price of viscose staple fiber was 10734 yuan / ton during the week, and the price was flat with the previous week. The average price of PET staple was 7180 yuan / ton, up 17 yuan / ton compared with the previous week.

　　 Price trend of chemical fiber staple since 2018

Three, cotton yarn prices rose slightly, gray cloth prices remain in the early stage

When the inquiry price of cotton yarn market increased in the week, some enterprises reflected the improvement of orders. The main reason was that the "double eleven" order was launched, and the two was that cotton prices rose to stimulate downstream demand. Three, the Sino US trade released good news and increased market confidence. In the week, the average price of 32 domestic cotton combed yarn was 20133 yuan / ton, up 31 yuan / ton compared with the previous week.

During the week, the import yarn market was stable and the trading was normal, and the market changed little. The average price of 32 Cotton Combed Yarns in India is 20290 yuan / ton, which is 10 yuan / ton lower than the previous week, which is higher than that of the domestic cotton yarn 157 yuan / ton. The average price of 32 cotton carded yarn in Vietnam is 19650 yuan / ton, which is 10 yuan / ton lower than the previous week, and the average price difference between domestic and 32 cotton pure cotton combed yarn is 483 yuan / ton, up by 41 yuan / ton compared with the previous week.

There is an increase in orders for weaving mills. However, due to the serious backlog of previous inventory, enterprises mainly focus on stock elimination, and prices remain in the early stage. In the week, the average price of pure cotton grey fabric (32*32130*70 2/1 47 "twill") was 4.88 yuan / m, which was 0.01 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

It is understood that the capital of the US dollar will attend the APEC summit meeting held in Chile in November, and it hopes to sign a trade agreement there. Therefore, during this period, cotton price oscillation is expected to dominate. Recently, the downstream market has slightly improved, but some enterprises believe that the sustainability is slightly worse, and the price of gauze remains weak in the short run.