According to the price monitoring of the business agency, the overall market turnover was stable this week, the manufacturer’s shipment volume was not large, the quotation was maintained, and the goods in some regions showed signs of weakness, and the market mentality continued to wait and see. As of March 10, the average market price of pure polyester yarn in Shandong was 13200 yuan/ton, the same as last week, down 8.81% year-on-year. The average market price of polyester and cotton yarn was 17560 yuan/ton, up 0.57% from last week, down 17.40% year-on-year.

This week, the overall volume of yarn market was stable, the manufacturer’s shipment volume was small, the quotation was maintained, the center of gravity was stable, and there were signs of weakening in some regions. The market mentality was cautious and hard to hide. In the near future, domestic fast sales orders have been delivered in a large number, and some yarn mills have arranged orders for machines until May. There are many orders for sample development and small orders, but the quantity of export orders and long-term demand orders is insufficient. The market’s subsequent power is doubtful, and enterprises are worried about the future market. There is differentiation in the performance of textile enterprises. Some textile enterprises have long orders, and some textile enterprises have few orders. Orders for woven and knitted polyester yarn are flexible, and some eddy current yarns are mainly sold at low prices. At present, the level of spinning costs is still low, and the profits of textile enterprises are falling.

This week, the transaction of pure polyester yarn was still light, the market changed little, and the price remained stable. The trading atmosphere of polyester yarn in Xiaoshao area is flat, of which the 32s and 50s markets are not smooth, compared with the 45s trading volume, which is mainly used for woven production of polyester cotton lining series. At present, on the market, woven T21S is priced at 11000-11300 yuan/ton ex-factory including tax, and the transaction is negotiable. The price of pure polyester yarn in Fujian has been consolidated. The focus of T32S negotiation is around 11500, including short delivery of tax. The price of some traders is low, and the goods are generally sold. The price of pure polyester yarn in Jiangxi was maintained and the goods were weak. The polyester and cotton yarn is generally sold, the price remains stable, and the turnover is not large. In Fujian, TC65/35 32S overpaid 16000-16300 yuan/ton, a lower 15800 yuan; CVC60/40 32S reported 1900-19500 yuan/ton, which was 18800 yuan lower.

This week, crude oil futures continued to fluctuate, and the polyester staple fiber market continued to fluctuate. The fall in the price of short-term polyester raw materials weakened the staple fiber cost support, and it is expected to be weak in the short term. Zheng cotton futures fluctuated little, and the bearish atmosphere of forward cotton prices appeared. The overall transaction of cotton spot was light, and only a few cotton merchants had relatively good spot shipments. Textile enterprises had low acceptance of high-price cotton, and textile enterprises had low orders. The instability of raw materials also makes traders unstable and lack confidence in replenishment.

Downstream grey fabric market shipments were slow, new orders from weaving mills were few, and the prices of conventional products were low. This year, the market situation in Guangdong is slightly better than that in Jiangsu and Zhejiang, and domestic demand is better than export market. The downstream printing and dyeing factory can process the products, and the delivery time is 7 days or more.

Analysts from the Business Agency believe that the market continues to be weak, the transaction is poor, the order execution of some cotton mills ends, the inventory pressure increases, the price of some specifications falls, and there are low-price resources. The price of polyester yarn fluctuates with raw materials, and it is difficult to rise or fall. If the downstream fabric and clothing exports are not improved, the pressure of the yarn mill is difficult to reduce, and it is expected that there will be a moderate adjustment trend in the short term.