USDA Supply And Demand Report Continues To Reduce US Cotton Production And Global Consumption

Although the latest USDA supply and demand report continues to cut down the output of US cotton, the output of other countries has not been adjusted, and the major cotton consuming countries such as China, India, Turkey and Bangladesh have been reduced. consumption The volume of global consumption has dropped sharply from 637 thousand tons to 24 million 243 thousand tons, and the world's final stocks have increased by 590 thousand tons to 12 million 560 thousand tons.

China's import demand has been raised by 327 thousand, and India's exports have been raised by 163 thousand tons as a result of China's policy of purchasing and storage, coupled with previous sales reports.

The increase in China's imports indicates that the domestic purchasing and storage policy has led to the supply and demand side, and the domestic and foreign markets are facing more obvious differences in the supply and demand environment.

Domestic demand will become more pessimistic this year, and the market is now estimated to be under 9 million tons to 8 million tons.

Many spinning enterprises believe that the current situation is more than that of 2008. crisis It is also grim. Although some big factories are still good, a large number of small businesses shutting down indicate the decline in demand.

The chemical fiber industry has experienced a continuous decline. Polyester fiber The staple fiber began to stabilize and rebound, and sticky short followed suit, showing strong rebound momentum.

On the 15 day, the quotations for polyester and short were 11380 yuan / ton, sticky short papers at 15940 yuan / ton, and there was a certain increase.

Although the market is still cautious about the trend of chemical fiber raw materials, it also illustrates some changes in market mindset and downstream demand.

Recent cotton spot also showed signs of stabilization, CC328 index Slightly rebounded, textile enterprises have begun to raise the purchase price.

From the trend of textile raw materials, we can see that on the one hand, the spot price of cotton has risen slightly after stopping the decline. On the other hand, the price of cotton substitute has also rebounded, and the atmosphere in the spot market is beginning to show signs of spanformation.

The price of yarn remained weak, but it began to stabilize. On the 15 day, the price index of the 32 combed yarn was 25870 yuan / ton, and the combed 40 yarn price index was 30900 yuan / ton, which remained stable for nearly a week.

Global demand for textiles may decrease in the coming year, but believe Not too big, and the terminal market is relatively stable. Next year, textile supply and demand will return to a stable situation.