Weekly Market Dynamics (October 28, 2019 -11 3)

During the week, domestic cotton prices continued to rise, the international cotton prices frequently oscillate, viscose staple prices were stable and fell, polyester staple prices continued to decline, gauze prices ran smoothly.

First, cotton prices continue to rise, domestic cotton prices rose higher than foreign cotton prices.

In October 30th, Chilean President Pinera announced the cancellation of the APEC summit originally scheduled for November. Subsequently, the representatives of the two governments made speeches, saying they would continue to push forward consultations and other work as planned. The gradual easing of Sino US trade relations slowed down the pessimism of the market, and domestic cotton prices continued to rise, and futures prices rose even more obviously. At present, cotton picking in the northern hemisphere is approaching the end of the season. The global cotton production is in sight, but there is no obvious improvement in the downstream consumption weakness, and the international cotton price fluctuates frequently.

On the data side, the average price of domestic 3128 grade cotton spot price was 12842 yuan / ton, which rose 146 yuan / ton compared with the previous week, and the settlement price of Zhengzhou cotton futures contract was 12977 yuan / ton, up 247 yuan / ton compared with the previous week. The international average price of CotlookA index is 75.63 cents / pound, up 0.26 cents / pound compared with the previous week, and the settlement price of New York cotton futures contract is 64.73 cents / pound, a decrease of 0.01 cents / pound compared with the previous week.

When the spot price of cotton continued to hang upside down at home and abroad, the spot price of domestic cotton was lower than the spot price of foreign cotton on average 341 yuan / ton.

　　 Cotton price trend at home and abroad since 2018

Two, the price of chemical fiber short fiber fell.

When the price of viscose staple fiber was down, the sales of downstream cotton mill did not improve significantly. Affected by the decline of polyester raw materials, the spinning factory has a heavy wait-and-see mentality, and the price of polyester staple fiber has been lowered. The average price of viscose staple fiber was 10648 yuan / ton, compared with the previous week, 92 yuan / ton, and the average price of polyester staple fiber was 6940 yuan / ton, compared with the previous week, it dropped 82 yuan / ton.

　　 Price trend of chemical fiber staple since 2018

Three, the price of gauze remains stable.

When the market of pure cotton yarn was relatively stable, low yarn and air spinning were relatively good, but the downstream market remained relatively low. On the price side, the average price of 32 domestic cotton combed yarn is 20139 yuan / ton, up 4 yuan / ton compared with the previous week.

India's yarn exports have been hit in the past few months. Recently, the price of cotton yarn in India has started to go down. The upside down of domestic cotton yarn prices and India cotton yarn prices for nearly two months has reversed this week. Vietnamese yarn is improving and prices are rising. According to specific data, the average price of 32 Cotton Combed Yarns in India is 20040 yuan / ton, which is 150 yuan / ton lower than the previous week, and the average price difference of 32 cotton combed yarn is 99 yuan / ton, and the average price of 32 cotton pure cotton carpets in Vietnam is 19710 yuan / ton, up 60 yuan / ton compared with the previous week, which is 429 yuan / ton with the domestic average price of 32 cotton pure cotton carpets.

In the week, the cotton grey fabric market maintained a light market situation, and there were not many orders in textile mills. The prices were mainly maintained by small bills and loose orders. In the week, the average price of pure cotton grey fabric (32*32130*70 2/1 47 "twill") was 4.87 yuan / m, which was 0.01 yuan / meter lower than the previous week.

　　 Price chart of cotton yarn at home and abroad since 2018

　　 Price chart of gauze products since 2018

Four, outlook for the future

At present, the "golden nine silver ten" that the market looks forward to has ended, for the weak market quotation, the enterprise expressed anticipation. Although Sino US trade relations are improving, we need to pay close attention to how to develop them later. At present, supply of raw materials is sufficient, demand side consumption is weak, and price rise still has some difficulties.