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SunSirs: Consumer End Continued to Weaken, Cotton Yarn Market Was Weak and Downward
November 18 2022 09:18:31SunSirs(John)

Price trend

According to the monitoring of SunSirs, the price of 32 cotton yarns in Shandong on the 17th was 25,775 RMB/ton, down 15.95% year on year.

Analysis review

The trading of pure cotton yarn market was flat, the textile enterprises were not good at goods delivery, the downstream continued to lack new orders, and most of them were small and bulk orders. Jiangsu, Zhejiang, Guangdong and other markets had not seen improvement, and the cotton yarn market quotation continued to decline. As of the 17th, the cotton yarn finished product inventory of most textile mills was at a high level, and the operating rate of textile enterprises declined. As of the 11th, China's yarn inventory had reached about 31 days, an increase of 2 days month on month. In the off season of the industry, the market continued to be weak. The upstream cotton market declined, and the inventory of finished products of textile mills continued to rise. Some small and medium-sized textile mills planned to take holidays in advance. The domestic and foreign consumer end continues to be weak, with enterprises mainly destocking.

Market outlook

In the short term, the cotton yarn market trend will remain weak.

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