Textile Enterprises Have Reduced Their Purchases Of Cotton.

Reporters learned that China's cotton import quota policy has tightened this year. Apart from the quota of 894 thousand tons, 1% quotas will no longer be issued, which will discourage importers and textile companies from sailing for the coming months.

According to feedback from port traders and domestic textile enterprises, the number of cotton exports to main ports in China has continued to decrease since November, and the total volume has dropped to eighty thousand or ninety thousand tons.

Recently, the US Department of agriculture (USDA) is the latest global.

The supply and demand report was released, of which 2014/15 cotton production increased by 52 thousand tons in the year of 2014/15, while consumption increased by only 37 thousand tons, and the global cotton supply continued to be relaxed and the surplus was over 1 million 253 thousand tons.

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It also raised the end of the world cotton inventory to 23 million 375 thousand tons.

At present, global consumption is still weak, ICE contracts are expected to remain under pressure.

Domestic cotton production has declined.

Judging from the situation of China's cotton production and consumption (aside from reserve stock), China's output this year is 1 million 633 thousand lower than that of its consumption. Output outside China is 2 million 886 thousand tons higher than that of consumption, and the domestic supply and demand situation is better than that of the international market.

According to the survey conducted by China Cotton Information Network in October, the output of cotton in China this year is 6 million 20 thousand tons, of which 4 million 80 thousand tons in Xinjiang.

This year, weather and the implementation of direct subsidy policy and other factors, the market buying and selling rhythm has changed.

Xinjiang was mainly affected by the weather in 9 and October, such as low temperature, rainfall and frost. The output of the northern Xinjiang decreased, and the southern Xinjiang was also affected.

The trend of reducing production in the mainland can not be ignored.

The proportion of machine picked cotton in Xinjiang is expected to increase further in 2015/16.

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Last week, the short and short quotes speeded up.

Oil prices continued to fall, New York crude oil fell below $60 / barrel support, the general pressure of petrochemical products fell, the polyester plate looked at a strong air atmosphere, the center of price shifted from slumped to a clear drop, the short price of polyester and low price increased, the price drop speeded up obviously, and fell below the early 2014 low.

Many of the lower reaches are not buying or selling, but only maintain the rhythm of small single purchase. The resistance to short selling is obvious, and production and marketing are still not ideal.

Jiangsu and Zhejiang 1.4D direct spinning polyester short mainstream price in 7850-7950 yuan / ton factory, compared with last week fell about 300 yuan / ton.

The price of polyester yarn has been dropping steadily, and the price of polyester yarn has steadily declined. The mainstream market of Qian Qing market 32S pure polyester yarn is 12100-12300 yuan / ton.

Oil prices continue to decline, polyester market confidence is not enough, polyester and short prices hit a new low since 2010, but domestic sales are still sluggish, export is still available.

The overall inventory of polyester and short industries continues to rise, and the gap between stock and inventory increases. The mainstream stocks are 7-10 days, while a few manufacturers are below 5 days.

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On the whole, the price of oil will decide the overall tone of the polyester market. Now the polyester industry chain generally maintains a positive cash flow, and the inventory pressure is not large. The overall mentality is acceptable.

If the raw materials continue to descend in the future market, polyester and short will still fall below, otherwise, there is a possibility of stopping.

More attention should be paid to the -PX chain status of crude oil and naphtha, as well as the overhaul of PTA units.