Yesterday, when the futures opened, Zheng Cotton 2109 increased its positions and the Zheng Cotton 09 contract finally closed at 16,745 yuan/ton, an increase of 225 yuan/ton. This information was widely forwarded on social platforms, seeming to reveal a new round of market conditions. dawn.
Futures market performance on July 14
Cotton prices are rising like crazy
In fact, the prices of raw materials are no longer rising every day or two. In recent weeks, Zheng cotton futures and cotton spot prices have been on an upward trajectory. Since the day when the reserve was sold off on July 5, reserve cotton has been favored by the downstream market, and the transaction rate has continued to be high, which has promoted fierce bidding and price increases. In the first week of the reserve sale, the reserve cotton transaction rate was 100%, and the average transaction price was 16,398 yuan/ton. The price is 17,743 yuan/ton at a discount of 3,128 yuan. This price is not low, especially now that it is still in the traditional off-season, which provides support for the cotton market that is already in the upward channel.
Oil prices are high and polyester is operating strongly
International oil prices rebounded to high levels and fluctuated. Affected by this, polyester staple fiber has generally strengthened recently. On July 14, polyester staple fiber 2109 closed at 7312 yuan/ton, an increase of 56 yuan/ton. As futures prices rebound, the spot price has tentatively risen. The current polyester staple fiber spot price is mostly 7,000-7,200 yuan/ton. OPEC+, which the market is paying attention to, failed to reach an agreement on increasing oil production in August and will maintain the current production level next month. This means that the supply shortage may intensify and miss August when the demand for polyester staple fibers is strongest in the second half of the year. At present, Brent crude oil prices are near $75 a barrel, their highest level in nearly two years. Polyester staple fiber prices tend to fluctuate strongly amid high oil prices.
Viscose suddenly rises
Follow As usual in previous years, viscose staple fiber has habitually reduced prices and increased volume in the off-season. However, in July this year, viscose staple fiber suddenly rose after running smoothly in the early stage. According to market analysis, the main reason was the rise in vortex spun rayon yarn and the rise in cotton and polyester. Viscose This wave of small increases has caused the viscose staple fiber factory’s accounts receivable to withdraw quickly. Driven by the increase in raw material prices, the increase in rayon yarn has far exceeded that of viscose staple fiber, driving the withdrawal of funds from rayon yarn. On July 14, the price of mid-range viscose staple fiber goods was 12,800-13,100 yuan/ton, and the price of high-end goods was 13,100-13,200 yuan/ton. The actual transaction can be negotiated. Recently, the price of dissolving pulp, the main raw material of viscose, is still at a high level. As the traditional off-season is coming to an end, there may be room for growth in viscose staple fiber in the later period.
Spandex continues to rise
This year , driven by the changes in industry supply and demand and the substantial increase in raw material prices, the price of spandex continues to rise. At present, the price of domestic spandex 40D has risen to 77,000 yuan/ton, and the price of 20D has risen to 90,000-95,000 yuan/ton. Since the beginning of this year, spandex has increased by 86%, an increase of more than 150% compared with the same period last year. At present, industry supply and demand are still very tight, and industry inventory remains at the lowest level of 12-14 days, a new low in the past four years. China Yarn Network believes that spandex may reach a new high in the third quarter. On July 14, Xinxiang Chemical Fiber Egret spandex 40D was quoted at 75,000 yuan/ton.
Spandex inventory (days)
Cotton yarn prices rise
Affected by the increase in raw material prices and the increase in demand for reshoring foreign trade orders, the downstream yarn market has a strong willingness to raise prices, and the order schedules of yarn mills have increased, most until mid-August, and some Large enterprises have scheduled orders until early September. Last week, there was news that the price of some varieties of pure cotton yarn increased by 500 yuan/ton, and even the highest price increase reached 1,000 yuan/ton. Most yarn mills quoted prices higher than the market transaction price. At present, orders for high-count pure cotton yarn are slightly better than those for low-count yarn, and cotton yarn traders have higher inventories.
In the gray fabric market, the demand in the downstream clothing market is weak, follow-up orders are weak, product inventory is high, upstream yarn prices are relatively high, and product profit margins are small, which may affect the near future. Cotton mills raise prices again. As of July 8, the average operating rate of air-jet looms across the country was 62.00%. For circular knitting machines, the average operating rate was 52.71%. The current order performance is mostly for autumn and winter fabrics and low-end fabrics.
With high crude oil prices and strong fluctuations in Zheng cotton, combined with the return of overseas orders and the peak season approaching, the textile market is promising in the future.</p
