Cost Raises Pet Staple Rebound (10.20-24)

According to the price monitoring of the business community, the market of polyester staple fiber dropped first and then rose, and the weekly decline was 0.77%.

In the first half of the week, the market continued its weakness last week, hitting a new low in the year. The price of factories in Jiangsu and Zhejiang provinces is around 8100 yuan / ton.

Affected by cost boosting, some manufacturers began raising their quotations at 100 yuan per ton on Wednesday and four.

PTA market has been affected by polyester production and sales in the lower reaches of the market. The decline has slowed down and there has been a slight rebound. The market is still waiting for the monthly settlement price to be announced.

Downstream yarn market to buy or not to buy the mentality of the market, replenishment increased, polyester yarn market stability, small movements, sales are relatively calm.

Xia Ting, a business analyst, believes that the supply of PX exceeds the demand in Asia, the price of crude oil falls, the PTA operating rate is high, and the spot market is abundant.

And after nearly two days of centralized shipments, the current overall polyester short paction heat has cooled.

The polyester staple market is expected to be stable and weak.

Cotton spot listing pactions Daily: volume increased in October 24th

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In October 24th, the spot trading of the national cotton trading market was 8210 tons, an increase of 2450 tons compared with the previous day.

The order volume is reduced by 1780 tons today, and the total order is 22350 tons.

Today's spot trading contracts vary widely. The trend is relatively stable during the day, and the average price is close to falling.

Spot trading on the spot has the following characteristics: first, increase in pactions, no special active contracts.

There was no MA1502 turnover on that day, MA1501 was 1360 tons, and the remaining contracts were 2200-2500 tons.

Two, the order quantity is reduced. The order quantity of MA1411 and MA1501 decreased by 1520 tons and 260 tons on the same day, and the remaining order quantity remained unchanged.

The main order contract MA1501 orders 8930 tons.

China: Recently, the acquisition of new cotton seed cotton has been stabilized, and spot prices are still strong. Besides, machine picked cotton can also form a certain amount of supply; the overall price of whole cotton yarn is stable and weak, and the volume of trading has not changed significantly compared with the previous few days, and the downstream reaction is cold.

Abroad: cotton prices in Pakistan are stable, cotton farmers are reluctant to sell, and textile enterprises are cautious in purchasing. In the past few days, rainfall in the Mato Grosso cotton region of Brazil has sufficient water to facilitate crop sowing.