SunSirs: The Market's Confidence in the Future Market Was Enhanced, and the Cotton Yarn Market Was Stable and Good
January 06 2023 14:10:02 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the price of 32 pieces of cotton yarn in Shandong Province on the 5th was 24,650 RMB/ton, up 0.82% month on month.
Analysis review
The cotton yarn market was temporarily stable, the textile mill's readiness to stock increased, the textile enterprise's cotton yarn inventory was low, the upstream seed cotton purchase price moved up, the lint spot market continued to improve, which had some support for the yarn price, and the cotton yarn market will be mainly stable in the short term.
At the same time, as the Spring Festival holiday is approaching, the orders of small and medium-sized textile mills were obviously insufficient, and some textile enterprises had holidays in succession. It is expected that textile enterprises will have a large-scale holiday in the middle of January, and the end of goods preparation at the end of the Spring Festival.
Market outlook
In the long run, the market is generally more confident about the future market. March and April of the next year will be the peak textile season, and consumer demand needs a verification process. It is expected that cotton yarn will maintain a volatile trend before the Spring Festival.
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