SunSirs:the raw materials are strong, and the processing fee of polyester yarn and polyester cotton yarn continues to be compressed

According to the price monitoring of the SunSirs, this week (4.18-4.22)  polyester yarn was slightly adjusted this week, and the transaction was slightly better than that of last week. The overall situation was still general, the trend of accumulating stocks remained unchanged, the price of polyester cotton yarn fell slightly and the trading volume was light. As of April 15, the average market price of  polyester yarn was 14425 RMB/ton, down 0.35% from the beginning of the week and up 2.30% year-on-year. The average market price of polyester cotton yarn was 21140 RMB/ton, down 0.19% from the beginning of the week.

This week, the  polyester yarn market maintained negotiation and delivery, with weak sales and high inventory. Polyester yarn transaction this week is slightly better than that of last week. The overall situation is still general, and the trend of accumulating inventory remains unchanged. Jiangsu and Zhejiang shut down last week, and some yarn mills were started up. Driven by the strong raw materials, the quotation of polyester yarn is basically stable this week, the processing fee continues to be compressed, and the current cash flow is less than 100. Today, the price of  polyester yarn remains stable and the trading volume is light. The mainstream offer of t32s in Fujian is 12800-13000 RMB/ton, which is negotiated according to the order; T32s mainstream newspaper in Jiangxi market is around 13000, the negotiated price is around 12800, and the transaction is general. The price of air spun polyester cotton yarn is maintained and the trading volume is light. Recently, some yarn factories have successively reduced production, and a large factory TC65 / 35 21s in Shandong reported 16600 bales of bleaching; Another large factory TC65 / 35 21s reported 14500 bleachable, priced by quality and negotiable. In Jiangxi, TC65 / 35 32S is quoted at 19300-19500 RMB/ton, the negotiated price is mainly 19000-19300 yuan, and cvc60 / 40 32S is quoted at 25000-25500 RMB/ton.

Raw cotton: the spot trading of domestic cotton continued to decline, with only a small number of transactions in the market and low price acceptance in the downstream. Yesterday, 2021 / 22, Xinjiang machine mining 3129 / 28b had a transaction price in the public warehouse of 22200, while those with the same quality price of 22300 were basically unable to be traded. However, at the same time, the low price spot in the market decreased intermittently, the ginning plants were still reluctant to sell at a high price, and the price acceptance in the upstream and downstream continued to remain different. The logistics in downstream Shandong and other places is gradually relaxed compared with the previous period. Recently, the delivery of goods in Guangdong, Shandong and other places has improved, and the local orders have increased slightly, but the overall market has not improved much. The startup in the downstream continues to decline, and textile enterprises have no obvious increase in cotton procurement. After the slight improvement in demand procurement from last weekend to this week, they go down again, and pay attention to whether there is a significant improvement in the downstream in the later period. At present, there is still strong support below the domestic cotton price, but the loan repayment demand of ginning mills still exists, the selling pressure above the cotton price is also large, and the domestic cotton price or range fluctuates in the short term.

Raw material Polyester staple fiber: PTA rose by 55 yuan yesterday, MEG fell by 46 yuan, and the polymerization cost was 7035 yuan. The overall production and marketing of polyester was average, with about 50% of filament and 4-50% of staple fiber. Direct spinning Polyester staple fiber maintained a strong trend yesterday, and the downstream high was moderately connected. With the recent expansion of processing difference and tight supply of some factories, the restart plan of direct spinning Polyester staple fiber factory increased, and the startup rate is expected to increase by 6% by the end of the month. Crude oil rose in early trading today. The night trading shock of polyester raw material futures was strong, and the night trading of direct spinning Polyester staple fiber futures was weak. Some of them with poor expansion and processing will gradually flatten. At present, the downstream raw material inventory is still low, and the discourse weight of Polyester staple fiber factories maintains a high consolidation trend in the short term.

Downstream demand: after the Spring Festival, the market purchase and sales continued to be light, the enterprise orders were insufficient, and the bulk orders and small orders were the main ones, and the production and sales were under pressure. At present, the domestic epidemic is spreading at many points, the logistics transportation speed is slow and the cost increases. It is an indisputable fact that "gold, silver and four" has changed into "copper, iron and four". Enterprises control the growth rate of inventory by reducing startup. Recently, following a slight improvement in the Guangdong market, the Jiangsu and Zhejiang markets, which were subject to strict epidemic control in the early stage, were gradually opened up. Ningbo and other ports began to unload, the pressure on the circulation link was relieved, and the downstream looms started to recover. However, there was still a lack of orders. Enterprises still focused on purchasing just in need, and the high raw material prices failed to transmit to the downstream. In the short term, the market remained weak.

Future forecast: the rise of raw materials can not boost the yarn, the market just needs to purchase has become normal, the epidemic has dragged down consumption, the demand is difficult to improve before the control is relaxed, the yarn maintains a depressed atmosphere, and the inventory continues to rise

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