SunSirs: Cotton Yarn Prices are Expected to have Limited Downside Space
March 27 2023 10:39:43On March 27, the benchmark price of cotton yarn 21S in Sunsir was 23633.33 RMB/ton, which was the same as that at the beginning of this month.
At present, the operating rate of cotton yarn is over 60%, which is in the high range in recent years, and the inventory is still at a low level. The immediate spinning profits of spinning enterprises are acceptable, but the subsequent new orders are not as expected, and the orders of spinning mills are still short and scattered. Mainly. From the perspective of the industrial chain, although the cost side is under pressure, the peak season has not yet passed. With the release of macro risks, the market still has expectations and worries about the market outlook. The downward space of cotton yarn prices is limited. Pay attention to the situation of new orders and market sentiment.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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- 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
