Major Pressure On Long Staple Cotton In The Near Future

First, cotton yarn entered the traditional off-season, and the price of high count yarn dropped.

If this week, Shandong's long staple cotton combed 50s was quoted at 29100 yuan / ton, 300 yuan / ton lower than the beginning of this month, and 100% long staple cotton combed 80s price 55800 yuan / ton, down 200 yuan / ton compared with the beginning of this month.

Although the price fluctuates little, the signal is still worrying.

Especially 6-8 months for cotton yarn traditional off-season, in this season, cotton yarn prices will fall sharply, no one can be sure.

Two, Zheng cotton futures downward guidance.

The electronic disk is known as "weathervane" and "barometer". Since June, Zheng cotton futures have been oscillating downward. From June 9th, the 1509 contract of zhengmian futures contract closed at 13065 yuan / ton, and the weak pattern made confidence tumbled.

Three.

The impact intensified.

In June 10th, the price of quality cotton in Qingdao and Zhangjiagang was quoted at 15700 yuan / ton, and the M class cotton price with slightly inferior quality was 15300-15400 yuan / ton.

At present, the main port and US cotton stocks are large and have been cleared in the logistics area.

The number is also large, which has a great impact on China.

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Is there really a downward path? Some people in the industry believe that the recent decline in long staple cotton prices is not a turning point, but an adjustment to save energy for the next upward movement.

Therefore, the high point of 30000 yuan / ton of long staple cotton can still be touched.

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1. Crude oil review on the outside market, crude oil futures price fell, New York crude oil price fell 1.67% to 58.14 US dollars, and Brent crude oil price fell 0.98% to 62.69 US dollars.

The trend of oil prices is repeated. Because China's crude oil imports dropped sharply in May, the market was concerned about the global oil consumption prospects. Therefore, oil prices were falling again. It is expected that short-term oil prices will be dominated by shock consolidation, and investors are advised to watch more.

Two, according to statistics released by China National Bureau of statistics, China's consumer price index increased by 1.2% in May, 0.2% in the ring ratio, and 4.6% in the producer price index for industrial producers, and 0.1% in the annulus CPI/PPI.

The above statistics show that China's economy is still in a downturn.

Three, industry dynamics PX prices fell PX prices fell 2 to 893 U.S. dollars / ton FOB Korea, the market generally traded.

The concussion of crude oil price period surprised the market. Most traders were at a loss. But due to the rigid demand in the lower reaches, the price of PX fell less than that of crude oil.

PTA spot price stability PTA spot price is flat at 4950 yuan / ton; external disk production is flat at 720 US dollars / ton, general turnover.

At present, the operating rate of PTA is 66%.

Polyester prices are mainly stable, downstream polyester market atmosphere is generally stable, prices are stable or falling, semifinished PET chip price is 6875 yuan / ton, price fell 50-50 yuan / ton, bottle grade polyester chip price 6875 yuan / ton, price fell 50-50 yuan / ton.

Polyester filament market atmosphere is general, the price is stable, DTY150D price clinch a deal interval in 9100-9200 yuan / ton, the price is flat.

The price range of POY150D is 7500-7600 yuan / ton, the price is flat; the price range of FDY150D is 7600-7750 yuan / ton, the price is flat; the market atmosphere of filament is general, most factories produce and sell 6, and the higher is 9.

The price range of short silk is 7800-7900 yuan / ton, and the price is stable.

Four, the period price performance from the performance of the period price, the main contract closed at 5124 yuan / ton, the price fell 34 yuan / ton, or 0.66%, the volume shrinking, the position reduced 10 thousand and 200 hands.

Five, a comprehensive review of the PTA concussion shocks and a reduction in volume.

The stock market is in a doldrums. Due to poor consumption, spot prices barely maintain the current price, while polyester is still giving way, but the paction can not be magnified. The PTA operating rate is maintained at 66%, and the supply is limited. Therefore, the future market also needs to observe other aspects, such as the trend of crude oil, in order to further identify the direction of the price.

Judging from the disk, the downward trend of prices and the amount of energy can be reduced is a sign of weakness.