A Major Survey Of The Cotton Textile Market

  Raw material market
  Cotton: Recently, domestic cotton spot prices have continued to rise, with 3128B grade cotton spot prices exceeding 16500 yuan/ton, and the price center has shifted upwards. As the Spring Festival holiday approaches, spot trading has noticeably weakened, and textile companies have a low acceptance of the current cotton price. Overall procurement is scarce, with a focus on essential purchases. The actual terminal consumption after the Spring Festival still needs to be verified, and there is a lack of strong driving force for the continued upward trend of cotton prices. Short term cotton prices may fluctuate in a range.
  Polyester staple fiber: Recently, due to fluctuations in raw material prices, the price of polyester staple fiber has fluctuated weakly. Specific transactions can be negotiated, with some moderate discounts. The mainstream price is between 7300-7500 yuan/ton. Downstream textile enterprises have basically entered the final stage of holidays, with a majority of them observing raw material procurement, and a small number of enterprises sporadically purchasing raw materials to replenish inventory. The focus of enterprises is mainly on recovering payments. The future polyester staple fiber market still needs to pay attention to the trend of raw material and futures prices.
  Viscose staple fiber: As the Spring Festival approaches, the market for viscose staple fiber has weakened in terms of purchase and sales. Recently, the mainstream market quotation has remained at 13300 yuan/ton. In the early stage, spinning enterprises have concentrated their purchases around 13000 yuan/ton. However, recent trading volume has been limited, and only some enterprises have replenished their inventory in small quantities. The downstream viscose yarn market is sluggish, and some enterprises have started to take holidays. The market's confidence in the future has increased.