Cut Production, Cotton Market Yarn Order Increase, Stock Reduction

On the 25-31 day of October, the cotton market began to warm up, the spot quotation remained strong, the downstream demand was relatively poor, the polyester and short market maintained a weak pattern, and the gauze performance remained normal.

Cotton: Xinjiang's cotton production has been continuously fermented. Before the North Xinjiang reduced production, the two days in the southern Xinjiang produced a news of reduced production again, triggering a rush for the cotton mill, raising the seed cotton purchase price, and adding the price of cottonseed, and the spot quotation of the new cotton was relatively strong. It is understood that the purchase price of real estate cotton in Anhui area is 3128 yuan, 12700-12900 yuan / ton (gross weight to factory), and the price of new cotton in Sichuan is 13500 yuan / ton (to factory). Even so, most businesses still reflect that the overall cotton spot shipment is not smooth and sales pressure is high.

Polyester short: polyester raw material PTA/MEG slightly down, but downstream demand is relatively poor, polyester and short market to maintain a weak pattern. During the week, Sinopec Sinopec in Sichuan province had a settlement price of 7450 yuan / ton, and its chemical fiber and polyester price was about 6200-6500 yuan / ton.

Textile enterprises: in the case of continuous reduction in cotton production, the cotton market is slightly stronger in the short term, and the cost of raw materials for textile enterprises has increased. According to most textile companies, the price of yarn is still not ideal in the October when the order volume has increased and the warehouse has been improved. It is not optimistic about the market trend in November.