Raw material gains support polyester prices up slightly
The cost side support increased, and the domestic polyester market rose slightly this week. At present, the terminal textile market is in the transition stage from the off-season to the peak season, the inquiry and shipment have increased significantly, and the export export orders have improved. The market purchase and sales will enter the preheating stage, although the order has improved compared with previous years, but compared with previous years, it is still general. The downstream weaving industry wait-and-see sentiment is stronger, the construction of Jiangsu and Zhejiang looms is maintained near 60%, and the mentality of the yarn market is still insufficient. From the terminal textile and garment exports in July, showing a decline, China's textile and garment exports fell again in July, in terms of dollars, textile and garment exports fell 18.3% year-on-year in July.
Production reduction is expected to boost confidence in the cotton market
In the first half of August, policies such as storage and quotas have been landed, the demand has not been released, the pressure on the supply side has been eased, but in the New Year's production reduction is expected, and with the national recovery and expansion of consumption measures announced, market confidence has been boosted, forming a certain support for cotton prices, and the market is running at a high level. Domestic supply is slightly tight, although there is a reserve of cotton selling, but in a short time it is difficult to ease the tension on the supply side, and the cotton price adjustment is limited before the new cotton is listed at the end of September. The demand side has not improved significantly, the downstream order situation is general, and the market's expectation of "gold nine silver ten" has increased.
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