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SunSirs: Domestic Cotton Prices Fail to Rise, Yarn Prices Drop Slightly

September 24 2019 19:17:13     SunSirs (Linda)

SunSirs: Sep 24

According to data from SunSirs, on September 24, the average price of 21S pure cotton yarn (advanced/ used for knitting/ superior quality/ ring spinning) in Shandong is 20,720RMB/t, which is 1.52% lower than that of the last month and 13.67% lower than that of the same period of the last year. The average price of 32S pure cotton yarn (advanced/ used for knitting/ superior quality/ ring spinning) is 21,920RMB/t, which is 1.44% lower than that of the last month and 12.58% lower than that of that of the same period of the last year.

In September, domestic cotton prices have risen slightly. Because it is now the traditional peak season of textiles, orders have warmed up relatively. Besides, in the last month of cotton rotation, the turnover rate and volume of have risen sharply, helping to increase the spot prices. What is more, the short-term surge in crude oil prices has led to an active investment market, bringing an increase in cotton futures, but the speed of market cooling could be as fast.

Data show that, from January to July, China's household textiles exports totaled 15.21 billion US dollars, 1.4% more than the same period last year. But towel products declined 13%. From the slight rebound of cotton prices and the weak increase of yarn prices, the cotton spinning market is facing challenges.

Analysts from SunSirs believes that cotton prices have rebounded slightly and the increase of yarn prices has been weak. Cotton yarn Market adheres to the unchanged normal situation, the prices cannot help but to decline. And the future market is not optimistic because of the increase of output and the decrease of demand.

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