Weekly Market Dynamics (June 1, 2020 -6 7)

Raw materials: cotton and chemical fiber staple prices are rising.

Product side: signs of off-season show, cotton yarn prices are weak and stable, gray fabric prices fell slightly.

　　 Cotton

As countries gradually unsealed, the international market slowly revival, coupled with the India locust disaster speculation, when the domestic cotton futures spot prices have risen. However, cotton prices have not risen much, thanks to the escalating protests against racial discrimination in the United States and the lower recovery in the downstream market. When Zhou, cotton textile enterprises in China had no strong desire to replenishment, cotton traded generally.

Chemical fiber staple

When the price of viscose staple fiber was maintained a week ago, the downstream demand remained relatively low, and the volume of trading within the week was low. At the end of the week, the viscose factory quotations loosened and fined to about 9080 yuan / ton. The overall center of gravity of polyester keeps rising and the price of polyester staple is increasing. In the second half of the week, the desire of OPEC to meet ahead of schedule fails, and the current implementation rate of oil producing countries is worrying.

　　 Cotton yarn

At present, the recovery of the downstream market is slow, and the traditional textile off-season is coming. The operating rate of cotton textile enterprises has declined slightly compared with the first half of May, and the overall operating rate has basically remained at around 50%. In addition to some cotton spinning enterprises' orders, the industry as a whole is in a state of insufficient orders, especially combed yarn and high count yarn, with low demand and low price. Import yarn, a small part of India cotton mill started up to 4-6, mostly in production inventory, Vietnam cotton mill boot slightly pessimistic week, India and Vietnam 32 pure cotton yarn quotes remained stable, the average is lower than the domestic cotton yarn 400 yuan / ton.

Grey

During the week, the grey fabric market was lighter than the previous week, and the atmosphere in the off-season increased. Weaving factory said that the current masks orders gradually reduced, the number of conventional varieties increased, most enterprises began to operate at a low rate, and later had a willingness to reduce production. In terms of price, most textile mills are in a state of loss when the week falls further. If the order is not significantly improved, the production will be further increased.

Outlook for the future

At present, the uncertainty of the international economic environment has further increased, and the demonstrations spread from the United States to many countries around the world have not only exacerbated the spread of the virus, but also hindered the process of global economic recovery. In order to promote the recovery of domestic market consumption, representatives at the two sessions have just been actively admonition, and the governments of various countries and regions have taken measures to boost consumption and promote economic stability. Therefore, the industry must strengthen confidence and overcome difficulties and advance steadily.