SunSirs: Upstream and Futures are Improving, Cotton Yarn Market has Stabilized
January 06 2022 08:45:18 SunSirs (Linda)
Price: On January 5, the price of 32S cotton yarn was 30,166 yuan/ton, the same as last week.
Analysis: The cotton yarn futures market is rising, spot companies offer cautious prices, cotton yarn replenishment has improved month-on-month, and inventory has decreased slightly. On January 5, the average price of domestic cotton price index 3128B grade was 22246 yuan/ton, an increase of 139 yuan/ton from last weekend. Upstream costs are supported, and the upward focus of the futures market is positive for the cotton yarn spot market. Downstream weaving factories continue to be weak, and manufacturers mainly return funds. Near the end of the year, weaving companies have no good support. The spring and summer orders in the upper part of the demand are placed, and companies are cautious in receiving orders due to concerns about payment.
Forecast: The demand for cotton yarn is at a low level compared with previous years. The market expects that the market will pick up after the year, and it is expected to maintain the consolidation pattern in the short term.
If you have any questions, feel free to contact SunSirs with support@sunsirs.com.
- 2023-10-26 SunSirs: The Export Volume of Cotton Fabric in September 2023 Decreased by 489 Million Meters Year-on-yea
- 2023-10-23 SunSirs: In September 2023, China's Cotton Yarn Export Volume Increased by 7.79%
- 2023-06-01 SunSirs: The Yarn Production in April Decreased by 14.98% Compared to the Previous Month, Reaching 1.992 Million Tons
- 2023-05-24 SunSirs: In April 2023, China's Cotton Cloth Exports will be 532 Million Meters
- 2023-05-19 SunSirs: In April 2023, China Imported about 120,000 Tons of Cotton Yarn
