Changshu Market: Raw Material Cost Collapse, Polyester Stocks Rising

From the market variety trend, FDY68D/24F, 75D/36F can barely move in a week, it is mainly used by the demand of the knitting machine; the market competition in the market of FDY75D big bright silk is fierce, the market center price is 7900-8000 yuan /T, and the price of individual factory falls to about 7800 yuan /T.

FDY150D/96F has a certain demand in the big circle machine, and the price trend has been adjusted downward. The center quoted price in the market is between 6900-7000 yuan /T.

In the DTY market, the 150D/144F market is in a state of "low volume and price". The main reason is that Taicang has a large supply of elastic wires and runs out of the market price trend. At present, the market center price is about 9000 yuan /T, while the supply of DTY150D/96F, 288F (fixed weight) market is balanced, and the purchase and purchase amount of DTY75D/144F downstream has increased slightly, mainly for the production of short pile fabrics.

DTY75D/72F (net) market has small batch purchase, mainly on the warp knitting machine, producing velvet, loop flannel and so on.

In addition, due to the slowing down of velvet fabrics, the sales volume of polyester cotton yarn is not large in this market.

Downstream

Look, warp knitted, round woven fabrics.

Sales showed no obvious signs of increase, warp knitting machines and circular machines were all in a state of decline, but downstream weaving and bomb companies had the intention of purchasing materials for bottom up.

For the Changshu market, it is estimated that the next week will be weaving downstream.

There will be a willingness to make up in the bomb business, and the volume of polyester market will enlarge.

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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.