According to the data of SunSirs, the price of 32S cotton yarn in Shandong on the 21st was 26,250 RMB/ton, a year-on-year decrease of 3.49%.
The spot price of cotton yarn is stable, the market is in good condition, the operating rate of the spinning mills has increased, and the profit has been restored. At present, the spinning mills are still mainly destocking. Cotton yarn futures fell continuously. The downstream orders are mainly supported by domestic sales orders in autumn and winter, and there are many scattered orders and small orders. The sustained demand in the end market is slightly insufficient, and the driving force for cotton yarn prices to rise is insufficient.
The price of upstream cotton has fallen recently, and new flowers are coming to market soon. The supply side maintains a loose pattern, and the expectation of weak demand still suppresses the rebound of cotton prices. Inventory of grey cloths is still at a high level, prices are generally stable and weak, the level of clothing orders has not been sustained, and the peak season is not obvious.
In the short term, the benefits of cotton yarn are limited, and it is expected that the market will remain stable.
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