The latest news from the Sino-US negotiations reveals that the spot market will continue to be stabl

The first week of 2019, New Year's weather. U.S. stocks bottomed out and international crude oil prices stopped falling and adjusted upwards. The central bank will reduce the deposit reserve ratio by 1 percentage point and release about 1.5 trillion yuan of funds. Although multiple positive factors come in succession, it does not seem to boost the current downturn of the spot market, the market trading atmosphere is flat, only the ongoing Sino-US negotiations are more eye-catching, I believe the industry is looking forward to.



From Jan. 2 to Jan. 4, domestic cotton futures and spot prices diverged, while international cotton prices continued to fall. On January 4, the domestic cotton 3128B price index was 15352 yuan/ton, down 31 yuan/ton from December 28, or 0.2%; the main contract closing price index of Zhengzhou cotton futures was 14920 yuan/ton, up 90 yuan/ton from December 28, up 0.6%. At the beginning of this week, the price of Zhengzhou cotton futures continued to rise slightly; the international cotton M price index was 13691 yuan/ton, down 323 yuan/ton from December 28, down 2.3%. At the beginning of this week, formal negotiations between China and the United States began on 7 May, which may boost international cotton prices.



From Jan. 2 to Jan. 4, the short fibre price index continued to be weak as a whole. On January 4, the price index of polyester staple fibers was 8750 yuan/ton, down 110 yuan/ton from December 28, down 1.24%. In view of the upward adjustment trend of crude oil and polyester raw material prices in the upstream, the future market price of polyester staple fibers will rise slightly; the price index of viscose staple fibers is 13690 yuan/ton, down 30 yuan/ton from December 28, down 0.2%, lack of viscose single stimulus, low market demand, and low industry demand. Insiders are not confident enough, some large factories tend to shut down and renovate, and the future market continues to be weak.



From Jan. 2 to Jan. 4, the overall yarn market price continued to be weak. On January 4, the price index of human cotton yarn 30S was 18320 yuan/ton, down 50 yuan/ton from December 28, or 0.27%. The price index of pure cotton yarn 32S was 23180 yuan/ton, down 40 yuan/ton from December 28, or 0.2%; & ldquo; double-section & rdquo; after such a dull past, the yarn market had no half-point upward trend, the price of the future market continued to be weak, and the factory shipped with the trend.



Recently, the Sino-US negotiations have started and the US stock market has surged. According to the latest news, during the first day of the Sino-US negotiations, the United States pressed the Chinese delegation to give specific plans or timetables to ensure that China will fulfil its commitments. This description is not difficult to imagine. Negotiations are the deepening and implementation of details. Obviously, it will be a long process. In the short run, the spot market of raw materials and yarns will continue to be stable, moderate and weak.