Quote Brief
Zheng Cotton opened lower and fluctuated, and closed down in late trading. In the spot market, the price of cotton is mainly stable. The processing volume of new cotton in the mainland has increased. The total cost of the manufacturers has been quoted, but the downstream acceptance is not high and the delivery speed is not fast. There are more companies opening and harvesting in the Beijiang ginning factory in Xinjiang, and some trial rolling , lint cotton is sold without public inspection, local seed cotton prices continue to rise, corporate cost pressures are obvious, and downstream manufacturers have mixed performances. Some are trading at low prices on the market, and the rush to harvest resources has reappeared. This year, the rush to harvest has become even crazier, and seed cotton prices have continued to rise. In the case of rising prices, although there are voices calling for rationality in the market, it is still difficult to return to a calm state in the short term. In recent days, the enthusiasm of downstream inquiries has been average. Negative factors such as loose supply and unstable trade patterns have flooded the market. In the short term, cotton prices are still supported by high costs. Mainly with small fluctuations.
On September 23, the reserve cotton sales resources were 2929.401 tons, and the actual transaction was 2929.401 tons, with a transaction rate of 100%. The average transaction price was 12,404 yuan/ton, an increase of 109 yuan/ton from the previous day, and the price was 13,756 yuan/ton at a discount of 3,128 yuan, a decrease of 131 yuan/ton from the previous day. The average transaction price of Xinjiang cotton was 12,459 yuan/ton, an increase of 58 yuan/ton from the previous day. The average transaction price of real estate cotton was 12,181 yuan/ton, an increase of 93 yuan/ton from the previous day. The price of real estate cotton was 13,914 yuan/ton at a discount of 3,128 yuan, a decrease of 185 yuan/ton from the previous day. The average price increase of real estate cotton was 1,571 yuan/ton. From July 1 to September 23, the total cumulative transaction volume was 485,350.2991 tons, with a transaction rate of 99.86%.
The market price of acrylonitrile is stable, and factories are settling settlements one after another. Although there is still room to push up under cost pressure, the spot market continues to be weak, and the operating space of middlemen is still limited. The enthusiasm for downstream purchasing is average, and it is difficult to trade at high prices. At present, propylene The main driving force of the nitrile market still mainly comes from the cost side, while the supply and demand side lacks further positive impetus. It is expected that acrylonitrile prices will remain high and volatile in the short term. The market for acrylic fiber is still stable, and the market is waiting to see the monthly results of mainstream factories. Although the raw material acrylonitrile is still rising, the cost pressure on acrylic fiber is gradually emerging, but the terminal demand is weak, and the downstream yarn production and sales have not improved significantly. Therefore, acrylic fiber lacks motivation to raise prices. It is expected that prices of acrylic fiber manufacturers will continue to remain stable, and attention will be paid to changes in cost.
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