Weekly Market Dynamics (February 3, 2020 -2 9)

Raw material end: New Year's cotton price is low, and then gradually rises, viscose market basically stagnation, polyester staple fiber price reduction.

Product end: the downstream market is postponed, and the quotation for gauze is basically maintained.

First, cotton prices are lower in the new year, and the turnover rate of cotton reserves has risen sharply.

Affected by the outbreak of new coronavirus pneumonia, the opening price of cotton futures has dropped sharply after the Spring Festival, and spot quotas have also been lowered. With the release of a series of policies and implementation of prevention and control measures, the spread of the epidemic has been gradually curbed, and market confidence has gradually increased, and cotton prices have started to pick up. In order to strengthen the prevention and control of pneumonia in the new coronavirus infection, the state extended the Spring Festival holiday in 2020, so the cotton market basically had no market price in the week. Specific data, domestic 3128 spot cotton spot average price 13020 yuan / ton, compared to the Spring Festival before the decline of 820 yuan / ton, Zhengzhou cotton futures contract settlement price 13105 yuan / ton, compared with the Spring Festival before the 410 yuan / ton; CotlookA index average price 76.56 cents / pound, compared to the Spring Festival before the fall 2.64 cents / pound, New York cotton futures contract settlement price 67.75 cents / pound, compared to the Spring Festival before the decline of 2.28 cents / pound.

In terms of cotton reserves, the volume of incoming imports increased substantially, and the price of storage and storage was higher than that of the market. The turnover rate of cotton reserves rose sharply, and the turnover rate was 98%.

During the week, the difference between cotton prices at home and abroad was reduced again, and the difference between inside and outside cotton prices was 27 yuan / ton.

　　 Cotton price trend at home and abroad since 2019

Two, viscose market is basically stagnant, polyester staple fiber price reduction.

Affected by logistics and downstream demand, the stock of viscose enterprises continued to accumulate, and the supply of raw materials in some small factories was insufficient. Most enterprises started to start after February 9th, and the offer remained before the Spring Festival. Polyester staple fiber, although polyester raw material market gradually recovered, but downstream demand is less, so polyester and short quotation down. Specific data, viscose staple average price of 9500 yuan / ton, and the price before the Spring Festival is flat, the average price of PET staple fiber 6860 yuan / ton, compared with the Spring Festival before the fall of 150 yuan / ton.

　　 Price trend of chemical fiber staple since 2019

Three, the downstream market is postponed to start, and the price of gauze is basically maintained.

Affected by the epidemic, except for the Xinjiang region, most textile enterprises are expected to commencement of operation after February 10th, and the Hubei area with serious epidemic situation is expected to start at the end of February. When the cotton yarn market is basically running, a few companies have quotations, and prices are basically maintained before the Spring Festival. Specific data, the average price of 32 cotton combed yarn in China is 20420 yuan / ton, which is 40 yuan / ton before the Spring Festival.

During the week, the import yarn market was basically on holiday. The price remained unchanged during the week before the Spring Festival. The price of 32 pure cotton yarns in India once again exceeded the price of the domestic same yarn. According to specific data, the average price of 32 Pure Cotton Combed Yarns in India is 20600 yuan / ton, which is equal to the price before the Spring Festival, which is higher than that of the domestic 32 cotton combed yarn 180 yuan / ton. The average price of 32 cotton carding yarn is 20400 yuan / ton, which is equal to the price before the Spring Festival, and the average price difference of 32 cotton carding yarn is 20 yuan / ton.

In the week, the grey fabric market has not yet been reopened, and most of the mills have a wait-and-see attitude. Specific data, the average price of pure cotton grey cloth (32*32130*70 2/1 47 "twill) is 4.80 yuan / m, which is equal to the price before the Spring Festival.

　　 Price chart of cotton yarn at home and abroad since 2019

　　 Price chart of gauze products since 2019

Four, outlook for the future

At present, some spinning mills have been officially started. Due to factors such as traffic control and other factors, it is difficult for workers to go to posts, and raw materials and products can not be transported according to plan. Although there are many problems to start, but in order to help SMEs return to work and resume production together, in February 10th, the Ministry of industry and information issued the notice on coping with the epidemic of new coronavirus pneumonia to help SMEs to resume work and resume production and tide over difficulties. It clearly will take 20 measures to fully protect enterprises' orderly return to work and resume production, further strengthen financial support for SMEs, and further strengthen financial support for SMEs, so as to help SMEs strengthen their confidence and strengthen measures to achieve orderly resumption and resumption of production and tide over difficulties. It is believed that with the joint efforts of all parties, enterprises will overcome temporary difficulties and achieve full recovery.