Cotton Raw Material Wait-And-See Strong Downstream Gauze Market Weak And Stable
Last week (November 2019 15-22), the market for cotton raw materials wait-and-see strong, downstream gauze Market maintained weak and stable, chemical fiber stability and sticky.
Raw materials for cotton. Cotton spot market adjustment to take the initiative, general discussion, cotton ginning factory slightly reluctant to sell emotions, waiting for next month cotton storage wheel into specific circumstances, to see whether it can raise the spot price, a Hebei businessman 3128 class Xinjiang machine picking cotton new price at 13400 yuan / ton (gross weight, within the self mention), merchant shipping mainly, can be discussed. A 3129 class regiment of a business in Henan picked up new cotton and offered a price of 13450 yuan / ton (public and Xinjiang Library).
Polyester and short raw materials. Polyester raw material MEG has been pulled up in the short term supply shortage, and downstream demand is relatively poor. The polyester and short market is showing a weak adjustment pattern. This week, Sinopec's Sinopec short and current price is currently 7250 yuan / ton, and the price of chemical fiber polyester in Sichuan is currently around 5800-6000 yuan / ton.
Textile downstream. Recently, Sino US trade negotiations have been pushed forward, and the reserve cotton wheels have been put into the announcement, and the spot prices of raw materials have stabilized, and futures prices have risen at a stage. The textile market has a good trend. The price of goods has been accelerated and prices have been flat. Because there are many uncertainties in the market, the pressure of stock going is persisting.
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