The textile market continues to be sluggish. In the cotton textile industry, the upstream cotton lint and the downstream cotton yarn both fell. The chemical industry fiber industry chain PTA rose slightly, but it only continued to rise last week. The silk yarn market seems to be bottoming out, but there is limited upside support.
In the fourth week of November, the textile market continued its trend last week. It continued to be sluggish, and the vast majority of raw material products continued to recover slightly. The cotton textile industry chain almost replicated the trend of the previous week. The downstream cotton yarn fell first. The upstream lint was consistent with its trend and fell slightly. In the chemical fiber industry chain, although the PTA market has risen slightly in the middle of this week, it has continued to rise from last week's false trend, and the weekend has rapidly recovered, showing only a slight increase. The overall industry continued to be sluggish this week, and the market is still lacking support.
Cotton textile industry chain: If the market is duplicative, this week and last week's cotton textile market proves this point. Since the recent cotton market has not seen any major movements, there has not been strong support for buying and storage, so the cotton market is still weak this week.
From the perspective of the classified products, the price of the pure cotton yarn market has dropped to 22,500 yuan per ton at the weekend, which is 1.3% lower than the 22,800 yuan/ton at the beginning of the week, indicating that the market is still weak.
The lint market follows the trend of cotton yarn. The price of grade 3 inland lint has been hovering around 19,000 yuan/ton, and the price of grade 3 Xinjiang cotton has already fallen back to less than 20,000 yuan/ton. Compared with the beginning of the week, real estate cotton is not serious, but the desolation has continued to the textile industry.
For enterprises, the spot market transactions were very light. Cotton enterprises were mainly engaged in deposits, and cotton collection and storage had not been particularly favorable to support news and could only temporarily maintain product stability.
The rebound in lint market mainly depends on the status of export orders, and in the short term, there are almost no favorable factors. It is expected that the slight decline in lint prices will continue.
Chemical fiber industry chain: From the perspective of the price trend of PTA, the overall market trend of the chemical fiber industry chain is relatively stable, unlike the cotton textile industry chain.
Of course, the small increase in the PTA market is related to the “limit production insured†policy implemented by the industry in recent days.
In recent days, the industry has responded to the current industry crisis by limiting production insured prices. This measure effectively boosted the spot market, causing PTA prices to rebound before the beginning of the week, thus supporting the PTA market.
However, the downstream polyester products are obviously not so fortunate, and the trend of the market continues to be weak and there is a small drop. The PX upstream product PX market remains weak and there is no sign of any recovery or support. Therefore, in the short term, the market outlook for the chemical fiber industry may still be weak, and the weaker range is the general direction.
Cocoon silk industry chain: This week's silk market seems to be a sign of bottoming out. Cognac raw silk has fallen slightly, and most of the main disk is floating green. However, there was no major turmoil in the market and only a narrow range consolidation. In the recent weeks, the price of reel remained firm, holding at the bottom line of 300,000/t.
However, there are few market prices on the weekend, and there are not many main positions on the market. The downturn in the consumer market is an important reason for the lack of support in the silk market. In addition, the current national autumn harvest is fully over. The current situation of downstream purchases in the industry is normal, and the upward support for the prices of silk reels has declined.
The silk industry in this period has relatively more benefits. Obviously, more than 90,000 yuan / ton of dried cocoon and 31 million yuan / ton of silk are more stable for thick and silk factories than the previous bumps.
Taken together, this week's textile market continued its downturn, and over time, the entire textile industry has seen a more serious pessimistic atmosphere. Both businesses and markets have experienced a depression.
On the corporate front, due to the escalating financial crisis and the impact of the weather, textile exports were sluggish, and the traditional clothing and consumer spending season in many domestic cities did not come, resulting in weak downstream consumption, increasing the company’s inventories and decreasing production volume. The temperature is not hot and lacks support for upstream support.
In the fourth week of November, the textile market continued its trend last week. It continued to be sluggish, and the vast majority of raw material products continued to recover slightly. The cotton textile industry chain almost replicated the trend of the previous week. The downstream cotton yarn fell first. The upstream lint was consistent with its trend and fell slightly. In the chemical fiber industry chain, although the PTA market has risen slightly in the middle of this week, it has continued to rise from last week's false trend, and the weekend has rapidly recovered, showing only a slight increase. The overall industry continued to be sluggish this week, and the market is still lacking support.
Cotton textile industry chain: If the market is duplicative, this week and last week's cotton textile market proves this point. Since the recent cotton market has not seen any major movements, there has not been strong support for buying and storage, so the cotton market is still weak this week.
From the perspective of the classified products, the price of the pure cotton yarn market has dropped to 22,500 yuan per ton at the weekend, which is 1.3% lower than the 22,800 yuan/ton at the beginning of the week, indicating that the market is still weak.
The lint market follows the trend of cotton yarn. The price of grade 3 inland lint has been hovering around 19,000 yuan/ton, and the price of grade 3 Xinjiang cotton has already fallen back to less than 20,000 yuan/ton. Compared with the beginning of the week, real estate cotton is not serious, but the desolation has continued to the textile industry.
For enterprises, the spot market transactions were very light. Cotton enterprises were mainly engaged in deposits, and cotton collection and storage had not been particularly favorable to support news and could only temporarily maintain product stability.
The rebound in lint market mainly depends on the status of export orders, and in the short term, there are almost no favorable factors. It is expected that the slight decline in lint prices will continue.
Chemical fiber industry chain: From the perspective of the price trend of PTA, the overall market trend of the chemical fiber industry chain is relatively stable, unlike the cotton textile industry chain.
Of course, the small increase in the PTA market is related to the “limit production insured†policy implemented by the industry in recent days.
In recent days, the industry has responded to the current industry crisis by limiting production insured prices. This measure effectively boosted the spot market, causing PTA prices to rebound before the beginning of the week, thus supporting the PTA market.
However, the downstream polyester products are obviously not so fortunate, and the trend of the market continues to be weak and there is a small drop. The PX upstream product PX market remains weak and there is no sign of any recovery or support. Therefore, in the short term, the market outlook for the chemical fiber industry may still be weak, and the weaker range is the general direction.
Cocoon silk industry chain: This week's silk market seems to be a sign of bottoming out. Cognac raw silk has fallen slightly, and most of the main disk is floating green. However, there was no major turmoil in the market and only a narrow range consolidation. In the recent weeks, the price of reel remained firm, holding at the bottom line of 300,000/t.
However, there are few market prices on the weekend, and there are not many main positions on the market. The downturn in the consumer market is an important reason for the lack of support in the silk market. In addition, the current national autumn harvest is fully over. The current situation of downstream purchases in the industry is normal, and the upward support for the prices of silk reels has declined.
The silk industry in this period has relatively more benefits. Obviously, more than 90,000 yuan / ton of dried cocoon and 31 million yuan / ton of silk are more stable for thick and silk factories than the previous bumps.
Taken together, this week's textile market continued its downturn, and over time, the entire textile industry has seen a more serious pessimistic atmosphere. Both businesses and markets have experienced a depression.
On the corporate front, due to the escalating financial crisis and the impact of the weather, textile exports were sluggish, and the traditional clothing and consumer spending season in many domestic cities did not come, resulting in weak downstream consumption, increasing the company’s inventories and decreasing production volume. The temperature is not hot and lacks support for upstream support.
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