Textile City: All Cotton Cloth Climbed.

According to the statistics of a week, the total sales of woven and knitted cotton fabrics (including all cotton grey fabrics, cotton dyed fabrics, cotton mesh gauze and some cotton and ramie cloth) in the light textile city cotton fabric market, which are mainly made of cotton fabrics such as c/c clothing and decorative fabrics, increased by more than last week.

along with

The expansion of demand, and the lack of marketing advantages of conventional varieties, prompted the price of all cotton varieties to compete at a competitive disadvantage, and the price is stable and the price is falling.

Climb up.

The demand for goods is different from that of the old and new ones. The old varieties are slightly more scattered than the last week, sending large quantities of small quantities in large quantities. The demand for new varieties is smaller than that of last week.

Marketable varieties were the first to receive multiple batches of goods.

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Raw materials market, oil prices fell below 40 U.S. dollars, after six and a half new low, rebounded sharply.

Asia's PX and MEG declined significantly, but raw material PTA and PET chip market prices did not follow the trend of crude oil in the middle and the last half of the year, but relatively strong. In the last ten days, the market ended the consolidation trend and followed the international crude oil and stock market to fall sharply. Even if the central bank failed to double up, it would be difficult to lift the trend.

New York crude oil futures plummeted and rebounded after low innovation.

Global oil supply continues to be at a relatively high level, the US dollar's exchange rate rises, and China's economic growth slows down to curb oil demand and other factors to suppress oil prices. Oil prices have fallen below 45 US dollars and US $40 respectively.

In August 24th, oil prices fell from 5.5% to $38.24 in 6 and a half year lows because of the decline in Chinese demand and the growing supply of US crude oil.

However, on the three day of the month, due to the surge in the US and US stock market and better than expected US economic data, and the market questioned the long-term oversupply of global crude oil supply, oil prices surged by more than 27%, the biggest three day increase in 25 years, and the price rebounded to 49.2 US dollars per barrel in August 31st.

In August, the main crude oil contract rose by 2.08 US dollars, or 4.41%.

The continuous decline of crude oil, coupled with the commissioning of Ningbo CICC PX plant and the decline of domestic PTA operating rate, resulted in loose PX prices.

Since August, PX Taiwan has fallen by 78 US dollars (-9.07%) to US $752 / ton, and PX (FOB Korea) has fallen by 11.4% to 737 US dollars / ton, which is close to historical lows.

In the same period, naphtha dropped more than 18.2% in the same period. In addition to processing costs, there was still a profit margin of about US $75 / ton in PX production, so there would be no device overhaul in the near future.

The market outlook is concerned about whether crude oil can overshoot or rebound.