According to the price monitoring of the business community, in the 25th week of 2023 (6.19-6.23), there are 4 kinds of commodities in the textile sector that have risen from the previous quarter, and the top 3 commodities are spandex (0.38%), PTA(0.35%), and dry cocoon (0.28%). A total of 3 kinds of commodities fell from the previous three products were lint (-0.44%), polyester FDY(-0.24%), polyester POY(-0.11%), and most product prices remained stable.

Wait-and-see atmosphere stronger spandex market narrow upward adjustment

Under the high cost pressure, the spandex factory lost money and the price was adjusted upward. Before the Dragon Boat Festival holiday, most of the domestic BDO maintenance devices were restarted, and the BDO work increased slightly by more than 67%. The downstream is still in the traditional off-season, the demand performance is weak, and the just-needed procurement is mainly. Some weaving enterprises stop for a few days during the Dragon Boat Festival holiday, and the comprehensive opening rate of weaving in Jiangsu and Zhejiang areas is near 60%. And July-August is often accompanied by the phenomenon of the decline in weaving factory construction due to high temperature lack of work or power rationing, the demand will be further reduced, and the pressure of spandex factory storage will increase. The current spandex market wait-and-see atmosphere is strong, the demand is insufficient to follow up, and the spandex market continues to rise with the gradual deepening of the terminal.

Positive cost support PTA price fluctuation upward

Raw material PX large plant has decreased, the supply has been tightened, and the short-term price will be stronger, forming a favorable support for PTA. The profit performance of downstream polyester products is acceptable, the overall inventory of the market is reasonable and controllable, the factory production enthusiasm is high, and the industry starts more than 90%. And the load will gradually increase after the new device is put into operation, and the overall supply will rise slightly. However, more domestic PTA devices have been restarted recently, and the start-up load has increased to about 80%. At the same time, the terminal off-season drags down the demand market, and the pressure on the demand side remains. On the whole, short-term PTA is expected to be adjusted mainly with cost shocks.

Market wait-and-see sentiment heats up viscose staple fiber prices remain stable

Viscose staple fiber prices remain stable, manufacturers deliver goods according to order, in addition to the recent inventory pressure of individual factories, other manufacturers are relatively controllable. The price of raw material dissolved pulp is weakening, and the overall cost support is insufficient. Under the weak downstream demand, the wait-and-see mentality is stronger, the purchase intention is light, the human cotton yarn trading is generally, the production enthusiasm is not high under the loss of the cotton mill, and the overall load has a downward trend. Short-term viscose staple fiber buying and selling atmosphere is limited, with the end of a new round of centralized market signing. In the case of no significant improvement in terminal demand, the market will enter a wait-and-see adjustment period, and the price will be mainly stable.

Downstream cotton prices fell slightly

Cotton prices continue to fall in shock, but still in a high position. Early cotton rose sharply, but the downstream cotton yarn prices with weak growth, textile enterprises immediate profit loss margin expanded, yarn market transaction shrinkage, finished goods inventory increased slightly. The grey fabric market reflects that new orders are rare, and the start-up of textile enterprises has declined slightly, making cotton prices lack of upward drive in the short term. And the current off-season characteristics are obvious, downstream demand weakened, coupled with downstream resistance to high cotton prices, while the Xinjiang cotton commercial inventory data is higher than the previous forecast, it is expected that cotton prices will continue to decline in the short term.