Weekly Market Dynamics (11-17 November 2019)

Raw material end: cotton price range fluctuated slightly, and the price of chemical fiber staple continued to decline.

Product side: cotton yarn price change little, gray cloth price stability is weak.

First, cotton prices fluctuated slightly, and the internal and external cotton prices increased significantly.

Since the early market has gradually absorbed the cotton price rising sentiment brought by the reserve cotton rotation, the cotton reserve policy was officially announced in November 14th, and the domestic cotton price did not show a sharp rise, which only maintained a slight upward trend in the previous stage. At present, Xinjiang seed cotton purchase process is more than 70%, and the quality of new cotton is lower than that of last year, which will have a certain impact on the production of textile enterprises. In the week, the average price of domestic 3128 grade cotton spot was 12916 yuan / ton, down 15 yuan / ton compared with the previous week, and the settlement price of Zhengzhou cotton futures contract was 13025 yuan / ton, up 5 yuan / ton compared with the previous week.

In the week, the international cotton price rose first and then fell. Affected by the increase in cotton exports in the previous week, US cotton prices remained strong. In the current situation of internal and external spreads continue to hang upside down, domestic cotton imports are flat, and the international cotton price volatility has dropped, but the overall average price is higher than the previous week. Specific data, CotlookA index average price of 75.23 cents / pound, up 0.27 cents / pound compared with the previous week, New York cotton futures contract settlement price of 65.83 cents / pound, up 1.71 cents / pound compared with the previous week.

Domestic and foreign cotton prices have increased significantly. In the week, the spot price of domestic cotton was lower than the spot price of foreign cotton on average 201 yuan / ton.

　　 Cotton price trend at home and abroad since 2018

Two, chemical fiber staple prices continue to fall

When the chemical fiber staple market was relatively calm in the week, textile companies mostly maintained just needed procurement, and factory prices gradually lowered. The price of viscose staple decreased by 380 yuan / ton during the week, and the price of PET staple decreased by 105 yuan / ton during the week. Specific data, viscose staple average price of 10438 yuan / ton, compared with the previous week dropped 152 yuan / ton, polyester staple average price of 6694 yuan / ton, compared with the previous week by 160 yuan / ton.

　　 Price trend of chemical fiber staple since 2018

Three, the price of cotton yarn has changed little, and the price of grey cloth has been stable and weak.

At present, two months from the Spring Festival, textile enterprises are stepping up their efforts to inventory. In the week, the domestic cotton yarn market remained unchanged, and prices remained stable. Market confidence remained weak. Specific data, domestic 32 cotton combed yarn spot price of 20355 yuan / ton, compared with the previous week rose 35 yuan / ton.

During the week, the import yarn market remained stable. The demand for India combed knitted and combed knitted yarn was moderate, and the price rose slightly. According to specific data, the average price of 32 Cotton Combed Yarns in India is 20240 yuan / ton, up 200 yuan / ton compared with the previous week, and the average price difference of 32 cotton combed yarn is 115 yuan / ton, and the average price of 32 cotton pure cotton carpets in Vietnam is 19830 yuan / ton, up 80 yuan / ton compared with the previous week, and the average price difference between domestic and 32 cotton combed yarn is 525 yuan / ton.

In the week, the gray fabric market has a general trading atmosphere, and the orders are mainly old customers, not many new orders, and the market price competition is still fierce. In the week, the average price of pure cotton grey fabric (32*32130*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

On the international side, Sino US trade negotiations have been carried out in an orderly manner, and cotton production in the United States and India has increased. At home, the policy of reserve cotton rotation has been announced, and the reduction of cotton production in Xinjiang is lower than expected. Near the end of the year, the consumption side is still in the doldrums. Textile enterprises are stepping up efforts to go back to stock and return funds. It is expected that the cotton market will fluctuate in a short time and the price of gauze will be weak.