Demand weak cost unsupported, polyester yarn polyester cotton yarn weak adjustment
According to the price monitoring business, this week (6.27-7.1) in the upstream polyester staple fiber and Zheng cotton futures continued to fall under the drag, pure polyester yarn and polyester cotton yarn market in poor demand also showed a decline, mainly to preferential negotiations shipment. As of July 1, the average market price of pure polyester yarn in 14475 yuan/ton, compared with the beginning of the week fell 3.34%, up 2.66% year on year. The average market price of polyester cotton yarn was 20600 yuan/ton, down 1.44% from the beginning of the week.
This week, the raw materials continue to decline over the weekend, the spot price fell to the range of 8300-8500, polyester yarn again followed the fall of raw materials, down 200-300 mainly, T32S in Fujian reported 12500-13000 yuan/ton, shengze market mainstream at about 12500-12700 yuan/ton, The T50S mainstream is around 14200-14400 yuan/ton; The market price of tc 65/35 32S is in disorder. Tc65/35 32S is lower than 18000 and higher than 19000. CVC is lower than 23000 and higher than 24000. The market wait-and-see mood is strong, the overall trading is general, polyester yarn slightly better than polyester cotton yarn, and over the weekend, polyester cotton yarn factory cut production news, this week open probability continues to decline.
Polyester staple fiber market this week presents a continuation of the downward trend. The polyester staple fiber market also declined in the face of poor demand under the macro bearish situation and the drop in the cost of polyester raw materials. However, the overall decline was less than that of raw materials under the mentality of partial factory discount. The processing costs were effectively repaired, the cash flow returned to positive value, and the price dropped sharply. Futures fell too fast, the basis gradually strengthened to 09 contract +350 to +650 or so self-lift. As of July 1, the main stream of 1.4D negotiation in Jiangsu and Zhejiang is 8300-8500 yuan/ton or so, and a single negotiation. Cost is unsupported, demand is weak, polyester staple fiber is still weak adjustment, pay attention to the recent restart of some factory devices.
This week, the cotton market trading is still cautious, the futures market long and short both sides of the game fierce, panic has been released, cotton prices appeared a brief rebound, followed by commodity prices fell into the slump tide again. From June 27 to July 1, 2022, the average price of national cotton price B index, which represents the market price of standard grade lint in the mainland, was 18,316 yuan/ton, down 1,580 yuan/ton, or 7.9%, compared with the previous week. The average settlement price of the main contract of cotton futures in Zhengzhou Commodity Exchange was 17,400 yuan/ton, down 1297 yuan/ton, or 6.9%, compared with the previous week.
According to the feedback of textile factories in Jiangsu and Zhejiang, as of the middle and late June, the order volume of printing and dyeing factories in Suzhou, Changzhou, Shaoxing and other places is still low, and the opening rate is generally 60-70%, which indicates that the orders of terminal fabric and clothing customers are still not ideal. In Shaoxing, Zhejiang province, the overall opening rate of rapier and air jet looms is about 60%, and the yarn consumption is only 35-40% in the peak period of the previous two years. On the one hand, there are few orders with short orders and more small orders. On the other hand, the impact of the us and EU on the escalation of the cotton ban in Xinjiang is still growing. The industry should not only observe and understand how the US Customs and Border Protection traces back to the source and how to enforce the law, but also think about how to provide evidence standards to foreign buyers.
Future forecast: global economic recession "haze" enveloped, cost no support, weak demand is difficult to change, yarn factory is facing more and more capital and inventory pressure, recent production reduction phenomenon has increased, polyester yarn, polyester cotton yarn opening probability is in the downward channel, is still weak adjustment.
Source: Business Society
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