Central Bank To Reduce The Financial Pressure To Reduce Pressure On Viscose Staple Fiber Price Increase This Month Or 300-400 Yuan

According to the price data of business associations, the average price of 1.2D viscose staple domestic market was 11100 yuan / ton as of September 10th, down 5.33%, or 625 yuan / ton, down 27.45%, or 4200 yuan / ton. The middle end factory quoted 10500-11000 yuan / ton, and the high-end factory quoted price of 11000-11600 yuan / ton. The price of viscose has fallen by 600 yuan / ton under the condition of constant price and heavy losses. At present, the viscose factory controls production and sales and maintains weak shipping. The decline in viscose has weakened this month.

At present, the domestic cotton lint prices remain stable, and the operating rate of the cottonseed oil plant is still at a low level, resulting in limited output of short staple, the strong price of cotton seeds, and the support of cotton short staple market. However, the pressure on environmental protection is relatively large, the operating rate of downstream factories is relatively low, the market turnover is limited, and the price of imported cotton lint is lower than that of domestic products, which makes manufacturers cautious in procurement and restricts the market of domestic cotton lint, and is expected to remain stable in the latter part.

The average price of the downstream 30S cotton yarn in Shandong area is 17225 yuan / ton, up 1.13%, or 192 yuan / ton, up 16.75% compared to the same period last year, or 3465 yuan / ton. The price of the middle end factory is 15400-16000 yuan / ton, and the high-end factory is quoted at 17000-17500 yuan / ton. In Shandong, Hebei and Jiangsu and Zhejiang provinces, the recent yarn quotations are mostly stable, and the order in September is slightly higher than that in August. Seasonal peak season is coming, and some enterprises' orders have been improved. A lot of yarns and printing and dyeing enterprises say that stocks are declining gradually. Since late August, orders have shown signs of improvement. Even more gratifying is that the cost of printing and dyeing has not gone up, but it is falling. The cost of dyeing and printing is of great benefit to the cost of textile products, and has increased competitiveness.

On the 6 day, the people's Bank of China announced that the deposit reserve ratio of financial institutions should be reduced by 0.5 percentage points. For the current textile industry chain, there are two advantages: first, it is beneficial for all import and export enterprises and cotton textile mills to resume production, stimulate consumption and expand business. Due to the escalation of Sino US trade, the factories reduced production or orders were inadequate. Second, we have increased capital flows to help traders and investors overcome their financial difficulties. Many factors such as Sino US trade, deteriorating export environment and weak domestic sales have led traders and producers to remain at a high level. This time, the central bank released 900 billion of its liquidity, which greatly relieved the pressure to repay loans.

To sum up, business analysts believe that the upstream suppliers are in a stable state for a long time, and will not have a significant impact on the viscose industry chain. The downstream yarn is gradually decreasing due to the arrival of the traditional peak season of gold nine silver ten. Although the grim situation of Sino US trade still exists, the Levy of tariffs is still implemented. However, we are not waiting to be killed, and timely counterattack abroad. We should ease the pressure on domestic factories and reduce the pressure on domestic factories. In the short term, viscose prices are expected to rise, which is about 300-400 yuan / ton this month.