October 10Th: Cotton Quotes Fell Sharply

In October 10th,

Cotton China's main port price declined overall, and the decline of varieties was generally around 1 cents.

At present, there is a lack of effective demand in the market. Textile mills ask less and buy less. With the coming of new cotton scale, cotton prices will hardly rise.

In addition, the market is waiting for USDA to announce the supply and demand report. If the pressure of global supply is further enhanced, the price of cotton will continue to decline.

In October 10th, the international cotton index (SM) 79.38 (cents / pound, the same below) dropped 80 points, folded the general trade port delivery price 14372 yuan / ton (calculated according to the sliding tax, the exchange rate was calculated at the Bank of China's middle price), the international cotton index (M) 75.25 cents, fell 78 points, folded the general trade port delivery price 14005 yuan / ton.

Main day

In the SM 1-1/8 grade cotton, the price of the American C/A cotton is 80.35 (cents / pound, the same below), and the general trade port delivery price is 14473 yuan / ton (calculated according to the sliding tax, the same below).

E/MOT cotton quotation is 76.35, discount general trade port delivery price 14114 yuan / ton.

Australia cotton quotation is 86.81, discount general trade port delivery price 15093 yuan / ton.

Uzbekistan cotton quotation is 84.60, discount general trade port delivery price 14876 yuan / ton.

The quotation for West African cotton is 70.18, and the general trade port delivery price is 13595 tons.

India cotton quotation is 79.43, discount general trade port delivery price 14389 yuan / ton.

The US E/MOT M 1-3/32 "grade" cotton price is 74.15, and the general trade port delivery price is 13924 yuan / ton.

In October 11th, Zhejiang Hongjian group's polyester DTY was reduced by 100~200 yuan / ton, FDY and POY all down by 100 yuan / ton.

DTY150D/48F reported 10800 yuan / ton, FDY150D/36F reported 9200 yuan / ton, and POY150D/48F reported 9000 yuan / ton.

Market prices of polyester staple fiber continued to weaken in Shandong in October 11th

In October 11th, the market price of polyester staple fiber in Shandong continued to weaken, the atmosphere of the paction was sluggish, and enquiries were scarce. 1.4D direct spinning polyester short mainstream newspaper was sent to 8700-8800 yuan / ton, and the downstream continued to wait and see.

In October 11th, the market mindset of polyester staple fiber in Jiangsu and Zhejiang provinces was not good enough, and the market focus was still low. Jiangsu and Zhejiang 1.4D direct spinning reported 8650-8750 yuan / ton factory, and the enquiry was weak.