Weekly Review Of Polyester Market In Changxin (4-9 November)

This week (November 4-9), the market overall situation of polyester trading remained stable, the bulk of the bulk trading volume, polyester quotes unchanged, the actual sales prices vary, individual plant polyester varieties offer moderate correction.

Analysis of the current market situation, although the current polyester spinning factory stock reasonable range, downstream

The boot rate is temporarily stable, but downstream.

In the short term, the market size of polyester market is narrower, and the probability of callback quotation is likely to occur at any time.

Judging from the trend of varieties, FDY has smooth sales in the market, and sales of FDY50D/24F products are better. FDY50D/24F products are mainly used for the production of satin and light spinning fabrics, and the sales of FDY bright 75D series products are general.

Sales of 100D/144F, 150D/144F and 75D/72F products in DTY products are still available, while sales of other specifications and varieties are common. Generally speaking, the sales of fine denier yarn of DTY series products are slightly better than those of coarse denier yarn.

The product is quiet, and it is usually sold in POY.

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ICE cotton futures closed up on Monday. The most active December contract rose 0.24 cents, closing at 61.90 cents. Investors are extending the December contract to March, and March contract is about to become a new main contract. As of November 8th, cotton harvest rate was 58% in the week of November 8th, and 50% in the previous week. The harvest will continue. In the next seven days, the weather will benefit the harvest of cotton and the progress will accelerate.

In recent weeks, sales rose sharply and export shipment data was the highest in the market. Investors are not sure whether the Ministry of agriculture has cut down on cotton export forecasts. Before the report is released, the market's trading performance is cautious, but the extension paction will make the contracts in the near future weaker and the contracts far stronger.

ICE cotton prices have continued to adjust to a low level and have not been out of the woods yet.

Zheng cotton futures contract opened high on Monday, rising 110 yuan, closing at 11735 yuan, closing about 114 thousand hands, holding about 32.5 million hands.

On the spot, China's cotton price index 3128B cotton index yesterday fell 12981 points, down 11 points, the spot market supply was adequate, and cotton spot quotes maintained low adjustment, but due to the existence of gaps in high-grade cotton, the quality of cotton prices was strong in recent textile enterprises.

Taking the length as an example, the price difference between 3128 and 3127 cotton is widened. The length of the 1mm is 400-600 yuan / ton at present, indicating the different attitudes of the downstream spinning and weaving enterprises to the inferior cotton.

The simultaneous reduction of outbound cotton imports and warehouses indicates that market demand for foreign cotton is decreasing, import quotas are tightening and demand turning to domestic will also make this situation normal.

Zheng cotton futures rebounded slightly, but the market was still in short supply.