1149 yuan / ton cotton price expansion at home and abroad
On 5-11 August 2019, the average spot price of domestic 3128 grade cotton spot was 13126 yuan / ton, a decrease of 584 yuan / ton compared with the previous week, and the settlement price of the main contract of Zhengzhou cotton futures was 12309 yuan / ton, a decrease of 735 yuan / ton compared with the previous week. When the price of cotton increased at home and abroad, the average price difference was 1149 yuan / ton, which increased by 158 yuan / ton compared with the previous week. Internationally, the average price of the CotlookA index fell 70.5 cents / pound during the week, down 4.4 cents / pound compared with the previous week, and the settlement price of New York cotton futures contract was 58.83 cents / pound, down 2.98 cents / pound compared with the previous week. When the price of raw materials continued to decline and the decline increased, the prices of gauze products were also gradually lowered, and prices continued to decline.
188 yuan / ton 189 yuan / ton, the price of chemical fiber staple decreased significantly.
During the week, the average price of viscose staple fiber was 11580 yuan / ton, down 188 yuan / ton compared with the previous week, and polyester staple fiber was 7156 yuan / ton, down 189 yuan / ton compared with the previous week.
Price trend of chemical fiber staple since 2018
0.01 yuan / meter gauze price weak downward
In the week, the average price of 32 domestic cotton combed yarn was 20692 yuan / ton, down 164 yuan / ton compared with the previous week. The overall turnover of cotton grey fabric continued to maintain a weak state. The downstream customers were cautious and wait and see, and prices continued to fall. In the week, the average price of pure cotton grey fabric (32*32 130*702/1 47 "twill) was 5.19 yuan / m, which was 0.01 yuan / m lower than the previous week's average price.
Price chart of cotton yarn at home and abroad since 2018
Outlook for the future
At present, the cotton textile market is still in a state of oversupply. Downstream consumption continues to slump, coupled with the tight global economic situation and the global stock market crash. It is expected that the price of raw materials will remain weak in the short term, and the product end will still be based on stock elimination, and prices will continue to maintain a weak trend.