Weekly Market Dynamics (February 10, 2020 -2 16)

　　 Raw material end: The market is deserted, the international cotton price has risen slightly, and domestic cotton prices have stabilized steadily.

　　 Product end: Logistics gradually recovered, the market slowly returned to work, and the number of quotations increased slightly.

First, the international cotton prices have risen slightly, and domestic cotton prices have stabilized and fallen.

When the US cotton futures first rose and then fell, the price of the CotlookA index decreased in the early weeks, followed by a steady rise in futures prices during the week. In the domestic side, the data on the situation of the epidemic blocking operations have improved. However, due to the obstruction of transportation and logistics, the lack of staff, the reduction of market demand, the high cost of production and operation, the shortage of raw materials, and so on, the market has returned to work slowly.

Specific data, domestic 3128 spot cotton spot average price 13283 yuan / ton, compared with the previous week rose 263 yuan / ton, Zhengzhou cotton futures contract settlement price 12990 yuan / ton, compared with the previous week, 115 yuan / ton; the CotlookA index average price 77.21 cents / pound, compared with the previous week rose 0.65 cents / pound, New York cotton futures contract settlement price 68.41 cents / pound, compared with the previous week rose 0.66 cents / pound.

During the week, the difference between cotton prices at home and abroad increased slightly, and the difference between inside and outside cotton prices was 182 yuan / ton.

　　 Two, the resumption of chemical fiber market increased

According to the China chemical fiber industry association investigation and understanding, the current chemical fiber enterprises overall recovery rate is not high, most enterprises are expected to start before the end of February. More than half of the enterprises in polyester and viscose industry have started work, but the load is insufficient. Viscose staple fiber price keep early, polyester enterprise inventory is generally located in high position, polyester short quotation decline. Specific data, viscose staple average price of 9500 yuan / ton, and the price of the previous week is flat, the average price of PET staple fiber is 6590 yuan / ton, compared with the previous week, a decrease of 270 yuan / ton.

　　 Three, the market is slow to resume, and prices remain unchanged.

According to the Research Association of China Cotton Association, as of February 16th, nearly 43% of textile enterprises resumed work. With the strong support of the State Council and the local governments, the resumption of production and production in an orderly manner is still a major problem affecting the resumption and recovery of textile enterprises. Because most enterprises lock in raw materials before the Spring Festival and increase their inventories, about 48% of the enterprises in the survey business can keep their cotton stocks for more than 1 months. About 40% of the enterprises said they were Underworking and the products need to be extended. In terms of market prices, the average price of 32 cotton combed yarn in the week was 20420 yuan / ton, which was unchanged from the previous week.

During the week, some of the cotton traders were operating, but mostly online, and the mainstream market prices were mainly stable. In the week, the average price of 32 Cotton Combed Yarns in India was 20600 yuan / ton, which was the same as that of the previous week, which was higher than that of the domestic 32 cotton combed yarn 180 yuan / ton, and the average price of 32 cotton carded yarn in Vietnam was 20400 yuan / ton, which was the same as that of the previous week, and the average price difference of 32 cotton carding yarn was 20 yuan / ton.

In the past week, large textile mills resumed work. However, due to the fact that the field workers had not yet arrived, the start-up rate of the enterprises was insufficient and the production capacity had not yet fully recovered. According to China Cotton Association Research and understanding, the current downstream printing and dyeing industry started well, but affected by logistics, inquiry is still less, weaving factory quotation to maintain the early stage. In the week, the average price of pure cotton grey fabric (32*32 130*70 2/1 47 "twill) was 4.80 yuan / m, which was the same as that of the previous week.

　　 Four, outlook for the future

At present, locusts and plagues are encountered in the northwest of Pakistan and India. The Minister of finance of Rajasthan, India, wrote to the prime minister, seeking to declare the locusts attack in the country a national disaster. Domestic cotton storage and storage increased, easing the pressure of market supply, cotton spot market transactions light. Recently, relevant state departments and local governments have issued relevant policies to help enterprises resume work and resume production. Most enterprises said they expected to resume work before the end of February. Therefore, in the short term, the market price fluctuation probability is not large, cotton prices are expected to maintain a trend of volatility, gauze prices remain stable.