According to the price monitoring of the SunSirs, the domestic pure polyester yarn and polyester cotton yarn market this week is mostly flat, the transaction is relatively insufficient, the price is stable and sorted out, and the market is volatile. As of March 18, the average market price of pure polyester yarn remained at 14475RMB/ton last week; The polyester cotton yarn Market averaged 21420RMB/ton, up 0.75% from the previous year.

This week, the prices of pure polyester yarn and polyester cotton yarn are weak, the shipment is generally depressed, and there is no sign of improvement in demand, while the yarn factory is maintaining a high startup rate. There is no sign of improvement in demand in mid March, the inventory continues to accumulate, and the adjustment of supply and demand pattern will continue to reduce the processing fee of yarn. The weak consolidation of pure polyester yarn is dominated by the market wait-and-see mentality, the shipment mentality is stronger, and the space for price negotiation is expanded. The polyester yarn trading focus in Guangdong fell to around 13000, and some parts of Jiangsu and Zhejiang are still relatively strong, but the overall market is weak and it is difficult to hide the decline. The price of pure polyester yarn in Fujian decreased, T32S reported 13300-13500RMB/ton, 13700 higher. Through preferential negotiation, the price of polyester yarn continued to fall, with great differences between high and low prices. Polyester cotton yarn trading is also poor, and the market atmosphere is low. Due to the severe epidemic situation, many places in Shandong stop shipping. The market generally reflects that there are few orders, the price is stable and slightly weak, the market is mainly on the sidelines, and the transaction is light; TC65 / 35 32S in Shandong reported 19500-20000RMB/ton, including tax.

Raw cotton: the price reduction and delivery of some ginning plants and the price support of most state-owned ginning plants coexist. Although the loan repayment demand of ginning plants gradually increases, the selling pressure is not large for the time being. Downstream orders continue to be poor. For the reduction of cotton consumption, the downturn of procurement demand, and the short-term domestic cotton price may maintain a wide fluctuation trend, but we need to pay attention to whether the downstream startup can be maintained in the later stage and the goods sold by the ginning plant, and be vigilant against relevant risks. American cotton: the inspection volume of American cotton accounts for 100.5% of the total estimated output. The weekly signing of American cotton exports increased slightly and the weekly shipment decreased more; Brazilian cotton: conab's latest report raised cotton output, making it difficult for textile enterprises to pass on high cotton prices to the downstream; Pakistan cotton: the conflict between Russia and Ukraine has led to poor demand for imported cotton and sluggish yarn transactions. The comprehensive blockade of India and Bangladesh during the epidemic is good for Pakistan's textile exports; Indian cotton: the cotton price rebounded, the weekly listing volume of cotton increased, and the import and export of cotton decreased in January; In March, although USDA continued to reduce the ending inventory of global cotton, excluding the impact of India, the ending inventory of global cotton increased by 60000 tons. With the acceleration of the substitution effect of chemical fiber on cotton textile products, the substantial compression or even loss of processing profits of textile enterprises, and the reduction of load and cotton import by textile enterprises, the probability and space of USDA reducing global cotton consumption in the later stage increased significantly. However, in the short term, China may significantly boost foreign cotton after issuing 400000 tons of sliding tax quota, and the cotton index in the short-term ice period may fluctuate in the range of 110-120 cents / pound.

Raw material polyester is short: due to the emergence of many epidemics in various parts of China, the overall demand expectation in the later stage is worried. In the traditional "peak season" in March, the market performance is not good. Direct spinning polyester staple has recently reduced production and guaranteed prices. Crude oil fluctuates violently. Before the end of the conflict between Russia and Ukraine, it is difficult for the market to restore calm. In the case of high fluctuation, the mentality of the upstream and downstream is generally unstable, and the downstream just needs to purchase. Crude oil rose again in the night trading last night and today, and the polyester short is strong and volatile. With the implementation of the polyester short maintenance plan, the processing fee may be repaired. This morning, Jiangsu and Zhejiang polyester staple fiber manufacturers maintained stability, and the trading atmosphere was relatively light. The mainstream quotation was around 7600-8000RMB/ton, and the actual order negotiation was 7400-7650RMB/ton. The price focus of Shandong and Hebei markets fell, and preferential shipment was negotiated. The quotation of Fujian manufacturers basically remained stable, and the production and sales continued to be light.

Downstream demand: Recently, the domestic epidemic has spread at many points. All regions have increased prevention and control measures and adhered to "dynamic clearing", which has a certain impact on the production, transportation and sales of some yarn mills and the business of traders in some light textile markets. With the escalation of epidemic prevention and control, the clothing markets in Jiangsu, Zhejiang and Guangdong were closed, and there was a large backlog of clothing inventory in spring, affecting subsequent orders. Under the premise of the gradual increase of yarn inventory and the tightening of working capital, the expectation of phased reduction and shutdown is enhanced. In March, the procurement of raw materials such as domestic yarn mills in China has not improved much. Due to the lack of consumption power in the downstream, the cloth factory is cautious in procurement. A textile enterprise in Shangqiu reported that at present, it is mainly to complete the pre Festival orders, and the orders are maintained until mid March. With the gradual end of the early orders, the business pressure of the enterprise has also increased. It is expected that the raw material procurement of enterprises in the later stage will be used and bought at any time. The person in charge of a textile enterprise in Nanyang said that although foreign orders have been replenished recently to alleviate some pressure, according to the current market situation, it is expected that the cold state of the market may last until about July.

Future forecast: the epidemic situation and weak demand drag down the overall market. The peak season in March is not prosperous. With the increase of inventory, the pure polyester yarn and polyester cotton yarn market will be more and more under pressure. The price of pure polyester yarn is expected to fall, and polyester cotton yarn may also fall.

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