Weekly Market Dynamics (2-8 September 2019)

During the week, the spot price of cotton increased, viscose staple prices continued to bottom, polyester staple prices began to rebound, gauze prices maintained downward.

First, cotton turnover improved, prices rose steadily, and domestic and foreign cotton prices narrowed.

When the new round of tariffs was formally implemented in the United States this week, the Levy of tariffs on textiles and clothing was relatively high and had a great impact on China's textile and clothing exports. Despite the negative effect of tariffs on the market, the market pessimism has improved slightly after the new round of Sino US economic and trade negotiations resumed. Cotton futures prices have risen and spot prices have risen slightly.

In the week, the average price of domestic 3128 grade cotton spot was 12684 yuan / ton, 38 yuan / ton more than the previous week, and the settlement price of Zhengzhou cotton futures contract was 12716 yuan / ton, an increase of 274 yuan / ton compared with the previous week. In the international arena, the average price of the CotlookA index was 69.79 cents / pound during the week, which was 0.03 cents / pound higher than the previous week, and the settlement price of New York cotton futures contract was 58.41 cents / pound, which was 0.08 cents / pound more than the previous week.

In the week, the average price difference between domestic and foreign cotton prices was 530 yuan / ton, down 263 yuan / ton compared with the previous week.

　　 Cotton price trend at home and abroad since 2018

Two, viscose staple fiber prices continue to bottom, polyester staple prices began to rebound.

In the first half of the week, viscose staple market remained stable and prices were stable. In the latter half of the week, prices dropped again under the influence of some large negotiated shipments. Polyester staple fiber fell at the beginning of the week, and the price rebounded at the weekend with the rise of polyester raw materials, but the overall average price decreased slightly compared with the previous week. The average price of viscose staple fiber was 10820 yuan / ton, compared with the previous week, 194 yuan / ton, and the average price of polyester staple fiber was 7124 yuan / ton, compared with the previous week, it dropped 23 yuan / ton.

　　 The price trend of chemical fiber short fiber since 2018

Three, the price of gauze remains low.

Entering the traditional peak season, the downstream replenishment has increased slightly, and the market has improved slightly. According to the varieties, the overall atmosphere of the conventional cotton combed yarn is better than before, and the price is stable and weak. The conventional cotton combed yarn and high count yarn are still in general, and some of the low price concessions go to stock. In the week, the average price of 32 domestic cotton combed yarn was 20218 yuan / ton, down 160 yuan / ton compared with the previous week.

When the purchase volume increased, the import yarn was still available, but due to the abundant supply of cotton yarn, the price of the imported yarn was much lower and the price was still weak. The price of 32 pure cotton combed yarn and 32 pure cotton combed yarn in India is still in the hang up phenomenon. During the week, the average price of 32 Cotton Combed Yarns in India was 201370 yuan / ton, which was 120 yuan / ton lower than the previous week's average price, higher than the average price of 32 cotton combed yarn in China, 152 yuan / ton, and the average price of 32 cotton pure cotton carpets in Vietnam was 19800 yuan / ton, which was 180 yuan / ton lower than the previous week, and the average price difference between domestic and 32 cotton pure cotton combed yarn was 418 yuan / ton, which was increased by 20 yuan / ton compared with the previous week.

During the week, the gray fabric market was slightly warmer, especially in the big factories. The orders for small and medium-sized factories were still poor, and prices continued to remain weak. In the week, the average price of pure cotton grey fabric (32*32130*70 2/1 47 "twill") was 5.07 yuan / m, which was 0.07 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 international economic environment is complex and changeable, and the situation is grim. It is estimated that the new cotton market will be available in late September and later than last year, and the purchase price of new cotton will be lower than that of last year. At present, although the downstream orders have increased slightly, the price of gauze remains weak due to the high inventory in the early stage of textile enterprises. We should pay close attention to the purchase price of seed cotton and the impact of Sino US trade negotiations on the market in the near future.