Viscose Staple Fiber: Weak Market Confidence

Viscose staple fiber prices are weak, and market confidence is weakening.

Viscose staple fiber market prices are weak, finishing, by the weekend and early morning Fujian market big single news influence, market confidence has weakened, part of the funds and inventory pressure of large factories, more early loose implementation.

Talk at 11600 yuan, slightly lower in 11500 yuan.

High-end trading center gradually close to 11700 yuan, local low turnover of 11600 yuan, more

The deal still touched 11800 yuan.

Jiangsu

The price of people's cotton yarn has gone down. The mainstream big factory siro spinning 30S quoted price at 17200 yuan, tight race 30S at 17700 yuan, 2-3 yuan lower than the previous quotation. The viscose market is approaching at the end of the year, and confidence is weakening. Some manufacturers take the lead in breaking the deadlock, loosening the execution, and maintaining the weak adjustment before the new year's long holiday.

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Recently, Zheng cotton futures continued to rise after 2 points and went out of the new high in recent days, 1501 closing at 12910 yuan, rising 145 yuan, and other months contracts also rose a lot, but did not bring any improvement to the spot market in Chizhou, Anhui. The market sentiment remained strong, and the quoted price continued to fall, and the turnover was still not strong.

As of December 26th, the local 3 grade lint price was 13200 yuan / ton (pick up, take the ticket, cash settlement), the 3 level was 12800 yuan / ton, 4 level was 12500 yuan / ton, compared with last week all fell 200 yuan / ton.

The quotation continued to fall, but it did not lift the enthusiasm of the textile mill at all. The textile factory was only interested in Xinjiang cotton. However, in order to maintain many years of business relations, it was only a 24 ton purchase of a small car, and the capital was slow to return. It would take about a month and a half to settle it.

Because the price of cotton is low and difficult to sell, cotton enterprises have to reduce the purchase price of seed cotton.

It is understood that, as of December 26th, the best 3 grade seed cotton purchase price in the region was 3.10 yuan / ton, and the lint percentage should be over 39.5%, the moisture content was less than 13%, the impurity was not more than 1.3%, and the price of 4 grade seed cotton was 3 yuan / Jin, compared with last week, it dropped 0.05 yuan / Jin, with the rejection of frost yellow cotton and stiff cotton.

The highest price of cotton merchants going to the countryside for home purchase also dropped from 3 yuan to 2.90 yuan / Jin last week.

Because of the drop in seed cotton prices, cotton farmers are reluctant to sell their spirits. According to a local cotton grower, her family has planted 5 mu of cotton this year, yielding about 600 Jin per mu (about 5 acres), which has about 3000 kg or so. So far, it has not been sold for one or two. The reason is that the seed cotton price is too low to sell for money, and ask when to sell it. She said that before the Spring Festival comes, if the price does not increase, then there is no way to sell it. Cotton is not well preserved as other crops.

Asked whether she will continue to grow cotton next year, she said, it is hard to say at the moment that the final cotton price this year plus the subsidies of the state will not be cost-effective.

This year, 5 acres of land 3000 kg of seed cotton, according to the current price of 2.90 yuan / jin to calculate, gross income is 8700 yuan, excluding 5 acres of land 2500 of the cost, net income and 6200 yuan (labor cost does not count), under normal circumstances, cotton farmers will be planted in cotton fields of rape and corn crops, small season large season cost.