1. Domestic cotton prices rose slightly
Last week, good news came out of the China-U.S. Trade talks. The original plan to increase tariffs on China on December 15 was postponed, and domestic cotton prices rose. The national cotton price B index representing the sale of standard lint in the Mainland was 13131, an increase of 80 yuan / ton, or 0.61% compared with December 6. The Zhengzhou Cotton Futures main contract settlement price was 13,355 yuan / ton, an increase of 215 / Tons, an increase of 1.64%.
2, international cotton prices rose sharply
Last week, affected by the optimistic expectations of China-US trade talks and the increase in the number of US cotton contracts, international cotton prices rose sharply. The International Cotton Index (M), which represents the average CIF price of imported cotton from China ’s main port, is quoted at 77.83 cents / lb, which is converted to RMB 13,445 / ton at a 1% tariff, an increase of 527 yuan / ton from December 6 4.08%.
3, polyester staple fiber continues to rise
Last week, driven by the rise in polyester raw materials, the price of polyester staple fibers stabilized and rebounded. Manufacturers' prices slightly increased, and the actual price was 6700-6850 yuan / ton. The price index of polyester staple fiber closed at 6,900 yuan / ton on Friday, up 200 yuan / ton or 2.99% from December 6.
4, Viscose staple fiber fell below the 10,000 yuan mark
The market for viscose staple fiber remained weak last week. Manufacturers actively shipped products, and the profit margin was large, but there was no intention to take goods downstream. The recent decline in yarn prices has led to a reduction in purchase orders for raw materials for yarn mills. At present, the price of mid-range viscose staple fiber is 9700-9900 yuan / ton and high-end 10100-10200 yuan / ton. Last Friday, the price index of viscose staple fiber closed at 9,800 yuan / ton, falling below the 10,000 yuan mark, down 200 yuan / ton from December 6, a decrease of 2.00%.
5. Various types of yarn at home and abroad continue to weaken
Last week, the domestic cotton yarn market weakened, and pure cotton yarns were mainly sold in favor of shipments. Cotton yarns fell by 50 yuan / ton within 32S weeks; international cotton yarn sales were light, and foreign yarn prices continued to fall; domestic yarns still dominated, conventional foreign yarn prices Higher than the domestic yarn of 179 yuan / ton, the price gap further narrowed; artificial cotton yarn prices dragged down by raw materials continue to reduce prices, artificial cotton yarn price of 130 yuan / ton within 30S weeks. Polyester yarn failed to rebound with polyester staple fiber, pure polyester yarn fell slightly by 20 yuan / ton within 32S weeks. The downstream weaving mill plans to take a holiday in advance, and the cotton fabrics will be sold at reduced prices.
On the evening of the 12th, good news about the trade situation came out, which directly caused the yuan to soar. In the evening of the 12th, the offshore RMB soared by 500 points in the short-term and returned to the "6" era. Since then, the offshore renminbi has continued to rise, and finally closed up 835 points on the 12th. After the market opened on the 13th, it continued to fluctuate upward, rising to a maximum of 6.9277 yuan, with an amplitude exceeding 1,000 points. On the 13th, the RMB dropped slightly and finally closed at 7.0053. In addition, the Fed stopped cutting interest rates, and the possibility of central banks in other countries to continue easing was reduced, leading to the appreciation of risk currencies and the depreciation of the dollar. After the Central Economic Work Conference, we are more confident about China's economic growth next year, and it is expected that the Chinese economy will continue to maintain steady growth. In this context, the opening up of financial markets will be further strengthened, and international institutions will continue to be bullish on China's capital market. It is expected that the RMB will generally appreciate slightly against the USD
