Spot market: raw materials fell after the drop of pure polyester yarn and polyester cotton yarn. According to the data monitoring of business agency, the price of pure polyester yarn in Shandong Province was about 14333 yuan / ton, down 600 yuan / ton, down 4.0% compared with the previous high of 14933 yuan / ton. Fujian traders take more goods at low price, and the high-level turnover of the factory is rare, and more orders are delivered in the early stage. Some of the shortage of the yarn factory still have 7-10 days, if the market continues to be sluggish, next week the pressure of the mill will increase, the decline will accelerate.

Upstream polyester staple fiber: yesterday, short fiber futures continued to fall sharply, reaching a drop in the session, pf05 contract closed at 7370 yuan / T, down 404 from the settlement price of the previous day. Some of the factory’s quotations were lowered, and the focus of semi smooth 1.4d was reduced to 7400-7600 yuan / ton. The production and sales of the factory are light, with an average of about 6%. Jiangsu and Zhejiang half light 1.4d mainstream 7050-7600 yuan / ton, Fujian half light 1.4d mainstream 7600-7700 yuan, Shandong, Hebei mainstream 7500-7700 yuan.

Downstream demand: the export orders in March to May are lower than expected, the enthusiasm of textile factories to inquire and pick up yarn has been significantly reduced, and the price reduction momentum is relatively fierce; some yarn factories have been actively starting to reduce their quotation due to the phenomenon of tired warehouse after Spring Festival or the order of medium and short-term lines is insufficient. The whole yarn and grey cloth are in the trend of “mountain rain is coming to wind and full of buildings” with the wide correction of raw polyester staple fiber.

Suggestions: the futures market continues to decline, and the wait-and-see mentality is aggravating. At present, 7000 points in the market are not willing to break. Later, it is suggested to continue to pay attention to the impact of raw material price and downstream demand.