Weekly Market Dynamics (4-10 November 2019)

Raw material ends: the trend of domestic and foreign cotton prices tends to reverse. Viscose staple fiber is partial light and price is falling, and the price of polyester staple fiber has dropped.

Product end: the price of cotton yarn is firm, and the price of grey cloth keeps stable.

First, cotton prices are rising or falling, and the price of the upside down has been narrowed.

During the week, the two sides agreed to cancel tariffs on a phased basis with the progress of the agreement, which eased the pessimism of the market. Textile enterprises Procurement improved, traders actively hoarding goods, cotton spot market volume increased. Because of the weakness of the downstream fabric market, cotton spinning enterprises still keep safe stock, and the spot price of cotton is not up to a high level, and the futures price rises first and then falls. Specific data, when the week, the average price of domestic 3128 cotton spot 12931 yuan / ton, compared with the previous week rose 89 yuan / ton, Zhengzhou cotton futures contract settlement price 13020 yuan / ton, compared with the previous week rose 43 yuan / ton.

During the week, the textile enterprises in Asia were still cautious about purchasing cotton, while the international cotton spot index fell, and the US cotton futures fell off. Specific data, CotlookA index average price of 74.96 cents / pound, compared with the previous week dropped 0.67 cents / pound, New York cotton futures contract settlement price of 64.12 cents / pound, compared with the previous week by 0.61 cents / pound.

The price of cotton upside down 201 yuan / ton compared with the previous week, and the spot price of domestic cotton is lower than that of foreign cotton spot price 140 yuan / ton.

　　 Cotton price trend at home and abroad since 2018

Two, chemical fiber staple prices continue to fall

At the beginning of the week, viscose staple fiber prices remained unchanged one week ago. With the gradual decline of downstream orders, regional sales prices began to decline, and the overall average price decreased. In terms of polyester staple fiber, the turnover was acceptable at the beginning of the week, and the price remained unchanged for the first weekend. Specific data, viscose staple average price of 10590 yuan / ton, compared with the previous week dropped 58 yuan / ton, polyester staple average price of 6854 yuan / ton, compared with the previous week by 86 yuan / ton.

　　 Price trend of chemical fiber staple since 2018

Three, cotton yarn prices rose slightly, gray cloth prices remained stable.

When the market of pure cotton yarn was relatively stable, the combed yarn and air spinning were acceptable. Under the influence of rising cotton prices, the quotation of cotton yarn market is strong, and the inventory of textile enterprises is lower than before. Specific data, domestic 32 cotton combed yarn spot price of 20320 yuan / ton, compared with the previous week rose 181 yuan / ton.

The import yarn market is stable and weak. In mid week, the price of India cotton yarn has been raised, but the average price is generally consistent with that of last week. Vietnamese yarn prices remained stable, unchanged during the week, but the average price was higher than the previous week. According to specific data, the average price of 32 Cotton Combed Yarns in India is 20040 yuan / ton, which is the same price as that of the previous week, and the average price difference of 32 cotton pure cotton combed yarns is 280 yuan / ton. The average price of 32 cotton pure cotton combed yarn in Russia is 19750 yuan / ton, up 40 yuan / ton compared with the previous week, and the average price difference between domestic and 32 pure cotton combed yarn is 570 yuan / ton.

During the week, the gray fabric market maintained a weak market. Orders were mainly small quantities, large orders were more inquiries, and price competition was fierce. Enterprises generally reflected the difficulty of subsequent orders joining. In the week, the average price of pure cotton grey fabric (32*32 130*70 2/1 47 "twill) was 4.87 yuan / m, which was the same as that of 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

At present, Sino US trade negotiations have been going smoothly, but since Chile cancelled the APEC meeting, the time and place of signing the agreement between China and the United States once again became confusing. The downstream demand side has continued to weaken, and enterprises are still not confident about the market outlook. It is expected that cotton prices will fluctuate in the short term with the Sino US trade, and the price of gauze will be difficult to rise.