Weekly Market Dynamics (April 26, 2020 -4 30)

Raw material end: the international cotton price is getting warmer, the domestic cotton price range is oscillating, the price of chemical fiber staple is decreasing, and cotton spinning enterprises are properly replenishment.

Product end: price keeps decreasing, and textile enterprise inventory increases.

　　 Cotton

With the change of the global epidemic situation, countries have adjusted the control measures in a timely manner. Many countries "restart", gradually began to resume work and resume production, and the international cotton price rebounded slightly. The domestic cotton price interval oscillation remained stable basically, and some spinning enterprises were properly replenishment. According to the China Cotton Association Research Association, cotton textile enterprises accounted for 49% of cotton stocks in more than 1 months, an increase of 1 percentage points compared with the previous week.

Chemical fiber staple

During the week, polyester staple prices continued to fall. In mid week, the price decline slowed down with the support of polyester raw materials. Viscose staple fiber demand is low, prices fell to below 9000 yuan / ton, the lowest in history. According to the Research Association of China Cotton Association, when the week, cotton textile enterprises accounted for more than 1 months of chemical fiber stocks accounted for 32%, an increase of 1 percentage points from the previous week.

　　 Cotton yarn

In the week, the cotton yarn market was weakening and the price dropped. Cotton spinning enterprises kept increasing inventories and reduced production. From the coordination research situation of China Cotton bank, the proportion of enterprises with more than 80% of the weekly opening rate was 48%, 1 percentage points lower than that of the previous week, and the proportion of enterprises whose products were stored for 2 months or more was 30%, an increase of 6 percentage points from the previous week. In terms of imported yarn, the price of Vietnamese cotton yarn has slowed down, and 32 Cotton Combed Yarns dropped 100 yuan / ton during the week, and the cotton yarn of the same branch in India dropped by 200 yuan / ton.

Grey

In the week, the grey fabric market remained light, the number of spot orders was small, and the volume of shipments had not been recovered. The weaving factory said that the sales pressure was great. Many factories in order to maintain operation and control costs, they shut down some of their capacity and started less than the cotton mill. With the gradual lifting of the European and American countries, some factories expect the price of export orders to improve.

Outlook for the future

During the epidemic, the first "May Day" holiday was welcomed, and the word "recovery" became the key word. Alipay data showed that the night economy has recovered 90% during May 1. At present, the domestic epidemic control has achieved remarkable results and the economy has been restored orderly, and May 1 has fully demonstrated the kinetic energy of the domestic economic recovery. Although there are still some difficulties in production and operation in the short term, with the gradual recovery of the domestic economy, the downstream demand will gradually improve.