Xiqiao Textile Market Steadily Upward
Last week, Xiqiao
Textile and other light industries
The market is basically on a steady upward trend.
The central bank once again raised the reserve ratio significantly weaker than expected, holding high light to short-term investment market favorable, so domestic cotton futures rose sharply last Monday, and ICE (international cotton futures) cotton also once again closed down, Tuesday to Friday ICE cotton because of the history of the United States cotton stocks are at a low level and strong support, the United States cotton continued to rise since the beginning of November, the new high, and the domestic market did not follow the ICE cotton rebound and continued to rise, high oscillation until last weekend.
Cotton spot rose by rising cotton futures, also showing a rising trend.
However, due to the influence of the off-season market, the market paction is relatively deserted.
At present, cotton prices are rising steadily, and the price difference between cotton and cotton yarn is showing a decreasing trend.
This week
Xiqiao yarn
The overall market is relatively weak, there are many large domestic market, but the price is relatively low; and Christmas is approaching, the yarn export situation is not satisfactory.
There are many small cotton traders in the region. When prices are high, traders are hoarding stocks to rise. After the market has slipped, traders are also among the first group to open and store yarn, so the local quotation has always been chaotic.
although
cotton
The cost factor has been affecting the quotation of cotton yarn. However, the continuous supply of noodles has made the yarn market hard to say. The market before the year ended with "plain water".
Due to the steady price of raw materials and the cautious purchasing of downstream factories, the market trend of caprolactam and nylon chips continues to be dominated by a steady trend. Although the pressure of factory supplies is not large, the market volume of nylon yarn and nylon interwoven fabric continues to decrease, and prices continue to be stable.
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