Cotton Market Continues To Adjust, Gauze Stop Production Enterprises Increase

2019/6/18 13:37:00 48

Last week (June 10-14), the cotton market continued to adjust, and the chemical fiber market was stable and sticky. In the downturn of the cotton market and the increasing pessimism of the market, the pressure on orders and funds of the downstream enterprises increased, and the price of gauze continued to fall.

Last week, the cotton spot market continued to adjust the trend, the spot spanaction was relatively cold, futures in the overall commodity rebound driven by some of the increase, some futures futures have a bag first as an attitude, the market is still not optimistic about the recent market outlook.

At present, the base price of some warehouse receipts in the market is about 100-200. And the market price of the one price resource is slightly stronger, the goods are not smooth, the stock is acceptable, the market turnover is less, the Xinjiang hand picking cotton 3128 level quoted price is 15700 yuan / ton (gross weight self mention), the stock is more, the single negotiable space is bigger. It is reported that the 800 thousand tons of import quotas issued in June 14th were issued in succession, and the current quota of domestic and foreign quotas has little effect on the domestic market.

Last week, affected by the rebound of crude oil and polyester raw materials, coupled with downstream replenishment, polyester staple fiber market was better in production and marketing, and prices remained stable and inventories were reduced.