The Price Of Polyester And Staple Manufacturers Is Basically Stable.

Polyester short market horizontal finishing, manufacturers

Basically stable, wait-and-see atmosphere dominated, Jiangsu and Zhejiang 1.4D direct spinning polyester and short market mainstream reported 6200-6300 yuan / ton factory, the actual deal negotiations.

Fujian polyester short quotation is stable, 1.4D direct spinning.

The mainstream newspaper was 6300-6350 yuan / ton short delivery, and the actual business negotiations, the early PTA futures opened after the narrow fluctuations.

After the holiday, the short term and the downstream market recovery stage, the recent wait-and-see atmosphere dominated.

Shandong,

The quotation is stable, 1.4D direct spinning polyester short mainstream newspaper sent to 6250-6350 yuan / ton, the downstream cotton mill started sporadically, raw material enquiry procurement has not yet fully started.

Shengze market pure polyester yarn price stability, wait-and-see atmosphere is the main, 32S mainstream newspaper 10100 yuan / ton up and down, 45s mainstream quotation 11200 yuan / ton nearby.

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Domestic large reserves of cotton to go out of stock, mainly through the reduction of new supply and improve consumption in two aspects.

On the one hand, cotton production has started, and related agencies survey shows that in 2016, domestic cotton planting intention continued to decline.

On the other hand, the increase of cotton consumption can only be achieved by reducing the price difference between domestic and foreign cotton and enhancing the competitiveness of domestic cotton yarn.

However, the downward trend of cotton prices is not unlimited. It requires two factors to consider comprehensively the pressure of financial expenditure and the competitiveness of domestic textile industry.

First, if domestic cotton prices are too low, the low cost will increase the pressure of fiscal expenditure, whether from the perspective of target price subsidies or from the perspective of reserve cotton rotation.

Second, if the domestic cotton price is not low enough, the foreign cheap cotton will continue to impact the domestic market through the form of low price cotton yarn, reducing domestic cotton consumption, and is not conducive to the smooth operation of the reserve cotton destocking.

Judging from the reserve price of reserve cotton in recent years, the price in November 2013 was 18000 yuan / ton, which dropped to 17250 yuan / ton in April 2014 (in proportion to imported cotton quotas in proportion to 3:1), and the bid price in July 2015 continued to be reduced to 13200 yuan / ton (2011 domestic cotton).

If the market does not recognize the price of reserve cotton, reserve cotton will continue to sell at a reduced price.

Therefore, after the strict control of cotton imports, the low price of domestic cotton prices is mainly determined by the competition situation of cotton yarns at home and abroad.

Since 2014/2015, China has strictly controlled the import quota of cotton, and the import volume of cotton has been greatly reduced.

But cotton yarn imports have no quota restrictions, and import tariffs are low.

In 2015, the cotton reserves came out from 7 to August. Given the expected reduction in cotton production and the decline in cotton imports in 2016, there was strong market expectation in the two quarter. However, the price is in step or gradually adjusted.

Cotton prices in the first half of the year are expected to show a downward trend, and cotton prices at home and abroad will reach a dynamic balance in the second half of this year.