Sichuan: Cotton Price Low Adjustment Gauze Sales Hard To Find Breakthroughs

Last week (June 28th -7 4), the domestic cotton price adjustment, gauze sales hard to find a breakthrough point, polyester sticky prices began to uplink.

Cotton: last week, Zheng cotton futures declined slightly. On the one hand, the Sino US trade consultation just postponed market panic. There are still variables in the latter stage. On the other hand, some downstream orders are transferred to other countries. The orders that have already been transferred are hard to return, and the downstream needs to be restored. At present, the spot price of the cotton market is down again with the futures price, and once again fell into a weak adjustment. Some businesses began to cut the sales base for shipment. The price of a 3128 grade Xinjiang cotton machine in Hebei was quoted at 14700 yuan / ton.

At present, from the three point of view of futures price, spot price and reserve cotton, the price advantage of cotton reserves is obvious, and enterprises are inclined to purchase cotton reserves. According to statistics, Sichuan cotton spot price new cotton hand picking cotton 14500-14600 yuan / ton to send, reserve cotton and cotton 13100 yuan -13900 yuan / ton to deliver, according to the quality of the price.

Textile enterprises: at present, spin enterprises are polarized to the market trend. Some textile enterprises are optimistic about the market outlook. After the good news of the trade war is concluded, the increase of downstream enquiries will be greatly improved. Some textile enterprises believe that trade friction is only a trigger factor for the weakening of demand, and the weakening of macro-economy in the country is the root cause. Even if the trade war negotiations have achieved breakthroughs and mitigation, the demand for warming is still not optimistic.

Polyester and short: driven by polyester raw materials, with the recent cleaning of the polyester staple fiber storehouse inventory, polyester staple fibers follow the upward trend of raw materials. This week Sichuan Sinopec polyester short sale price of 9400 yuan / ton, chemical fiber polyester short sale price of 7000-7200 yuan / ton.