Xinjiang Cotton Spinning Enterprises Preferred Cotton Quotes Overall Decline

In October 15th, the price of China's main port of import cotton fell overall, of which Brazil cotton and India cotton fell 3.3 cents and 1 cents respectively, while the other varieties fell by about 0.5 cents.

Due to successive rainfall in the cotton producing areas of the United States, the decline in cotton quality will weaken the competitiveness of the United States cotton in the international market.

Some foreign businessmen said that the quality of Xinjiang cotton is good this year. In the absence of quotas, Xinjiang cotton will become the first choice for textile mills.

October 15th, international

Index (SM) 79.12 (cents / pound, the same below), down 89 points, discount general trade port delivery price 14348 yuan / ton (calculated by sliding tax, the exchange rate is calculated according to the Bank of China's middle price), the international cotton index (M) 74.89 cents, down 89 points, discount general trade port.

13975 yuan / ton.

The prices of main varieties are as follows:

In the SM 1-1/8 grade cotton, the price of the American C/A cotton is 80.60 (cents / pound, the same below), and the general trade port delivery price is 14496 yuan / ton (calculated according to the sliding tax, the same below).

The US E/MOT cotton quotation is 76.10, and the general trade port delivery price is 14092 yuan / ton.

Australia cotton quotation is 87.07, discount general trade port delivery price 15119 yuan / ton.

The price of tancotton is 84.85, and the general trade port price is 14900 yuan / ton.

The quotation for West African cotton is 70.90, and the general trade port delivery price is 13653 tons.

India cotton quotation is 78.59, discount general trade port delivery price 14313 yuan / ton.

The US E/MOT M 1-3/32 "grade" cotton price is 73.90, and the general trade port delivery price is 13902 yuan / ton.

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According to I statistics, as at the end of 9 in 2014, the total capacity of China's primary polyester staple fiber was about 6 million 390 thousand tons. In the first three quarters, only 120 thousand tons of Huahong in Shandong and 20 thousand tons of new capacity of Xiamen Hongxin were added.

In the fourth quarter, the volume of new production capacity of the polyester staple fiber industry is expected to reach 430 thousand tons. Among them, Ningbo Dafa 80 thousand tons of low melting point polyester staple fiber new device has started commissioning in the second half of March. It is expected that qualified products will be available in mid and late 10, and the new capacity of Fujian Jinxing and Shan Li chemical fiber 350 thousand tons of polyester staple fiber will be put into operation in October.

Subject to technical barriers, the current domestic low melting point polyester staple fiber production capacity is less than 200 thousand tons. After the stable operation of Ningbo Dafa new plant, it will have a huge impact on the original supply pattern of low melting point staple fiber.

During the National Day holiday, international oil prices and gold prices fell sharply. The fragile confidence of the commodity market was suppressed, and the confidence in the global economy was insufficient.

From the perspective of polyester industry chain, the load of PTA industry rose to 7 in September. In October, it is expected to maintain 70%~75% level. While the supply is increasing, the pressure of raw materials manufacturers will also be increased, and the new contract of raw materials for polyester manufacturers will be signed in 2015.

Although the cash flow of polyester staple fiber and downstream polyester yarn industry has been effectively improved in September, due to its tight capital and expected market expectations, the willingness to purchase large quantities of raw materials is generally not strong.

The stock of staple fiber increased during the National Day holiday. In the first half of October, inventory continued to become a consensus among manufacturers.

Judging from the production situation of the downstream polyester yarn industry, the fourth quarter of the cotton mill regards the recovery accounts as the primary task, and the production and marketing are more orderly and the staple fiber stocks are at a low level.

The author believes that the current stock of polyester staple fiber does not have a sharp decline in the short term, nor can it form a strong support for the price.

On the whole, the polyester industry chain's bad factors are gathering, and the upstream raw materials continue to fall is a big probability event, which will drive the price of polyester staple fiber lower.

In addition, the new capacity may be put into operation in October, and the overall mindset of the staple market is empty.

If the cash flow can be maintained after long vacation, and the stock will go smoothly, the average load of polyester staple fiber industry will rise moderately in the second half of the month.