Domestic Caprolactam Spot Overall Stability

The market is stable and weak. It is expected that the caprolactam market will suffer from a narrow fluctuation in the short term.

The mainstream offer is stable, the atmosphere of negotiation is acceptable, the overall gravity of solid material is down slightly, the intention of receiving goods downstream is general, the actual negotiation is slightly lower and the turnover is general.

There is not much change in the US dollar market. The mainstream offer and negotiation are basically stable and the market atmosphere is general.

In October 21st, it closed at $598-599 / ton FOB, the main port in Korea, down 6.5 US dollars / ton compared with the previous working day.

Crude oil closed on October 21st: US crude oil inventories increased sharply, international oil prices lowered, and WTI fell three times.

WTI fell to $45.2 / barrel for 1.09 dollars / barrel in the month, and Brent closed down 0.86 U.S. dollars / barrel at 47.85 US dollars / barrel.

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This year, the quality of cotton is poor, and it is difficult to meet the demand of downstream textile enterprises, resulting in a certain impact on the purchase volume. But the most important reason for the difficulty in selling cotton enterprises is that the downstream demand has not been significantly improved.

Wang Qingcui, Secretary General of China Cotton Textile Industry Association, said: "the textile industry in 2015 is still facing many difficulties, so the cotton consumption may recover in 2015, but I think it should be very small."

Recently, Xinjiang cotton enterprises are facing sales difficulties, and there are hardly any new sales outlets in the warehouse. In spite of this, there is no choice but to pport them to the warehouse in the mainland by rail or rail.

It is reported that since October this year, the number of lint on railway and road pport has increased significantly. It seems that the busy scene of the Xinjiang cotton pportation has a huge contrast with the cold demand in the domestic market. Why?

Some people say that the reason for the quality of new cotton is not bad.

According to some cotton enterprises in the southern part of Xinjiang, although the amount of medium flower listing has risen sharply, the proportion of cotton that has reached the "double 28" and "double 29" quality batches is still very low from the public inspection data in mid October. Some cotton enterprises even went to the warehouse for more than 10 batches of public inspection, almost without "double 28" and above quality cotton.

Henan Xinye county was once a major cotton producing county in Henan Province, and there were more than 120 small and medium-sized cotton textile enterprises with large and small size.

It is understood that recently, the majority of enterprises in Xinye port industrial park closed tightly, and the production rate was over 80%.

Even if an enterprise occasionally drives a car, it is only a part of it. The product is mainly made of chemical fiber.

Wang Gong, general manager of Anhui Huamao textile, also said that at present, the domestic cotton spinning industry in the lower reaches is not ideal, the consumer market is in a doldrums, the price is declining, and the stock of enterprises has increased (20-30 days), and the cost has increased.

Not only domestic cotton demand is weak, but also the number of imported cotton has been affected.

According to the International Cotton Advisory Committee (ICAC), China's cotton imports are expected to decline by 12% to 1 million 600 thousand tons in 2015, which is basically the same as imports in 2014 (the quality of domestic cotton in 2014 is significantly better than that in 2015).

The key factor to solve the difficulty of selling cotton is to increase the demand of textile enterprises.

However, at present, the domestic textile industry is facing a dangerous situation. Especially this year, a large number of low grade cotton has springing up.

Where will the domestic cotton crop go in the future, and will continue to pay attention to it.