July 20 - July 26, 2020

Raw material side: international cotton prices fell, domestic cotton prices rose first and then fell. Viscose staple fiber prices continue to fall, polyester staple fiber prices stop rising;

Product side: the market is still depressed, gauze prices fell slightly.

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Cotton: in that week, Sino US relations were further tense, and macro environmental turbulence intensified. New York Cotton Futures showed a downward trend during the week, and the cotook a index price also showed a small decline, lower than the futures price. At home, Zheng cotton futures rose first and then fell, and the spot price kept the same up and down trend with Zheng cotton futures. At present, the downstream market is weak, cotton textile enterprises cotton procurement is more cautious, plus the reserve cotton rotation, cotton spot trading atmosphere is not good.

Chemical fiber staple fiber: in that week, the viscose price reached a new low, and the viscose staple fiber price dropped to 8300 yuan / ton at the weekend. In order to win orders and increase sales volume, some large viscose staple fiber factories had a centralized discussion, which had a great impact on the market, and the quotation of small factories fell, but the price drop did not stimulate the sales volume of the current week. In terms of polyester staple fiber, in the first half of the week, the price of polyester staple fiber continued to decline. In the second half of the week, affected by the rise of crude oil and polyester raw materials, the price of polyester staple fiber began to rise slightly, but the overall average price of the week was lower than that of the previous week.

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Cotton yarn: this week, the market is still relatively low. At present, the sales orders are mainly from the domestic market, and the products are mainly low and medium count yarn, and the price competition is fierce. The yarn inventory of cotton spinning enterprises is increasing, more than one month, and some enterprises have inventory of more than two months. As a result, it is difficult to cash flow and enterprises are forced to reduce production or stop production. In terms of imported yarn, the continuous decline of domestic cotton yarn price has led to the decline of imported yarn competitiveness. The domestic imported yarn market demand is light and the price is mainly stable. In that week, the price of 32 cotton combed yarn in India was 156 yuan / ton lower than that of domestic cotton yarn, while that of Vietnam was 206 yuan / ton lower than that of domestic cotton yarn.

Grey cloth: in that week, grey cloth market changes little, mainly domestic orders, and orders are small quantity pricing. The overall operating rate of the weaving factory continued to decline, and the product inventory continued to accumulate, with an average inventory of more than 1 month. Some enterprises doing high-end products said that the recovery of foreign trade orders was less than expected, and the inventory continued to increase.

Future prospects

At present, the global epidemic is still spreading. On July 26, more than 1000 confirmed cases were confirmed in at least 15 countries. The situation of epidemic prevention and control is still grim. On the domestic side, the epidemic situation has been repeated, but after half a year's hard work, we are confident that the domestic epidemic can be effectively controlled. According to the survey conducted by the China Cotton Association, most entrepreneurs still have certain confidence in the future market. The emergence of the epidemic situation forced cotton textile enterprises to strengthen technical transformation and constantly tap the potential of the domestic market. Facing the "big test" of industrial chain upgrading, the enterprises expressed the ability and confidence to do the best.