Viscose Staple Market Bearish Atmosphere Convergence

The center's focus is 11400 yuan, and the initial 11500 yuan has rarely been traded. The focus of the high-end paction is basically maintained at 11600 yuan / ton, with a low turnover of 11500-11550 yuan / ton.

The market is generally expected to bottom up, but at present, the market remains highly concerned about the stage, the market hoarding operation is still rare.

Fujian area

Prices are generally stable, compact Siro spinning 40S cotton yarn.

Negotiation of 19300-19500 yuan / ton, solid offer talks.

today

The stock market has been greatly improved by oil price futures, and polyester staple fiber has been warming up, with a daily production and sales of up to 300-1000%, and downstream replenishment.

Viscose staple fiber market attention has also been improved, and some centralized replenishment operations are expected to arrive soon.

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The target price policy of domestic cotton market was formally implemented in 2014/2015, and the principle of marketization was adopted in the acquisition of new cotton.

Judging from the acquisition of seed cotton this year, the acquisition began in mid September last year. By the end of December, the average purchase price of seed cotton in the whole country was roughly 2.88-3.51 yuan / Jin, and mainly concentrated below 3 yuan / Jin, and the price of cotton seed converted to grade 328 was 12520-12950 yuan / ton.

This year's overall purchase price is significantly lower than last year, the lowest point in nearly 5 years.

Policy factors support the formation of cotton prices.

Although the domestic cotton market is facing various pressures and difficulties, the information disclosed from the policy aspect is positive and positive.

That is to say, from the attitude of management, it is not expected that cotton prices will continue to fall too much.

First of all, the new year will strictly control the import policy, which will alleviate the pressure of market supply. Under the influence of this policy, the market predicts that domestic cotton imports will fall to around 1 million 500 thousand tons in 2014/2015, basically making up the gap between domestic supply and demand.

Secondly, at the beginning of 2015, the domestic export tax rebate rate was increased.

This policy will enhance the boom of the textile market and support its upstream cotton consumption.

In addition, the suspension of the reserve policy also has a supportive effect on cotton prices.

Since the domestic cotton stocks of 3/4 are state reserve stocks, as long as the state stores stop auctioning reserve cotton, they will not have a big impact on the market.

In the normal annual supply and demand, there is still a certain gap in the domestic cotton market.

Therefore, the time and mode of the late national reserve will greatly affect the market.

Overall, the current domestic cotton prices are still in the process of bottoming out, and under the influence of relevant policies, the downlink space is not large.

But before the appearance of the bottoms, there will be no blind bottom hunting. The occurrence of the price shifting from the bear to the bull will come from the real pformation of the supply and demand side.