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    Digestion Of Domestic Demand, Limited Yarn Consumption Waiting For Recovery

    2020/5/29 10:27:00 0

    Yarn


    According to statistics from business community data, in May 27th, the spot price quotations of 1.4D polyester staple fiber and 32S polyester yarn in Jiangsu, Zhejiang and Shanghai areas were running smoothly, and the average price of 1.4D polyester staple fiber was about 6720 yuan / ton, up 120 yuan / ton compared with the beginning of May, or about 1.82%; the average price of 32S polyester yarn market was around 13060 yuan / ton, which was slightly lower than that in early May, with a reduction of about 120 yuan / ton, or about 0.9%. With the steady progress of resuming production and resuming production at home and abroad, the terminal consumer market has already passed a relatively low period, and the domestic cotton textile market has slightly improved.

    As for raw materials, as of May 26th, the upstream PTA industry started to operate at about 87.14%, which was boosted by the rebound in crude oil prices and the revival of domestic terminal demand. Since May, the price of PTA has been rising, or the price of downstream products has been supported.

    Supply and demand, Jiangsu and Zhejiang loom start up in mid May to 66.8%, the downstream textile enterprises are in low inventory status, but the stock decline is not obvious, yarn stocks remain high, coupled with 6-8 months of textile terminal demand in the off-season, businesses mostly shipped mentality, due to low price reasons, some parts of the textile enterprises inquiry orders increased, turnover increased slightly. Textile market orders transactions slightly warmer, especially regular yarn 32, 40S shipped more smoothly.

    Market: as domestic textile products are mainly dependent on exports, international orders are falling rapidly. By the middle of May, the export volume of conventional textile yarns and clothing orders dropped by 15% in the first quarter, or with the restart of the European and American economies, foreign trade orders will resume in the next two months.

    Futures: today, Zheng cotton main company rose slightly, up 10, or 0.09%, closing 11630 yuan / ton, the highest 11685 in the intraday and the lowest 11570. Yesterday, ICE cotton was closed for the day of memorial day.

    After market forecast: Although the order of textile enterprises in recent years has a slight warming trend, but mainly for domestic demand slowly rising, domestic demand digestion degree is limited, the final textile market recovery needs to wait for the international situation to turn better and export volume increase. At present, yarn pressure of yarn enterprises has been released slightly, but the inventory consumption rate of weaving mills is slow, and the consumption capacity of terminal clothing is still weak.


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