Polyester Staple Fiber Market -- Partly Up (10.23)

Some pet manufacturers have increased the price of PET staple due to the rising cost. Affected by the rising cost, the early Jiangsu polyester and short factory quoted the lead in raising 100 yuan. The mainstream of Jiangsu and Zhejiang 1.4D direct spinning polyester and short market reported 8200-8300 yuan / ton out of the factory, the negotiation space narrowed, the downstream market replenishment increased, the turnover was better. Jiangsu and Zhejiang, the short price increase driven by the Shandong and Hebei market to reduce the supply of short and low prices, some of the offer small exploratory increase, 1.4D direct spinning polyester short mainstream newspaper 8300-8400 yuan / ton to the downstream, there are more moderate replenishment of the market.

morning Fujian The market is short and short quotation is steady. offer More than 50-100 yuan / ton, low supply of goods, 1.4D direct spinning polyester short market mainstream reported 8100-8200 yuan / ton short delivery, the overall turnover is obvious. Some manufacturers have big single low prices, and Jiangsu and Zhejiang polyester and short manufacturers collective shouting and so on. stimulate Over the past two days, the short and short trading atmosphere has been more active, and the downstream market has been active. There are thousands of tons of large single transactions. Today, the production and marketing of polyester and short factories is better, but the difference is relatively high. The mainstream is easily over 100, and the individual production and sales exceed 500%.

Shandong Changyi yarn trading atmosphere slightly more active, home textile orders slightly increased. Pure polyester yarn prices are stable, 21S mainstream reported 12500 yuan / ton, 32S mainstream reported 13000 yuan / ton. In the past two days, polyester and short manufacturers have concentrated their shipments, and the inventory pressure has eased significantly.

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Recently, Wang Jianhong, Deputy Secretary General of the China Cotton Association, said at the 2014 Zhengzhou agricultural products (cotton) futures forum that in September 2014 - March 2015, the national cotton store would be stopped. Unless the market was in short supply, the market would not be released.

This year's cotton production of 6 million 600 thousand tons, plus 894 thousand tons of quotas, is a total of 7 million 500 thousand tons of supply, enough to meet domestic consumption from now until next March, so during this period, the possibility of national cotton storage is less likely.

Whether or not to throw the store after March? There are about 11000000 tons of stock in the national reservoir, partly due to a long storage time and a serious decline in the grade. If we do not throw it again, the pressure of the relevant departments will be very great. Once the huge inventory is listed, the domestic cotton price rise will be very heavy. From a fundamental point of view, the contract in recent months is significantly stronger than the far month contract.

In addition, from 9 to November, the target price will be priced. During this period, if domestic cotton prices fall sharply, the subsidy will be further increased, which will certainly increase the financial pressure of the state.

In short, the global cotton stocks continue to rise; due to the decline in China's imports, the US cotton future sales are not optimistic; India's output is increasing, it is urgent to find a sales market, and will compete with the US cotton. The international cotton price is difficult to shake off the weak pattern. Although the supply of cotton contracts in recent months has been tight, the supply of new cotton has gradually increased, and the space for the rise in recent months has been limited.