SunSirs: Weak Demand Side, Weak Follow-up Support for Cotton Yarn Market
October 12 2022 10:16:42 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the price of 32s cotton yarn in Shandong on the 11th was 26,200 RMB/ton, down 16.93% year on year.
Analysis review
The spot price of cotton yarn was mainly stable, and some varieties were stable with falls. The market was cautious, the low count yarn market was still better than the high count yarn, and the overall trading atmosphere was not high. The cotton mill started well, and the downstream purchased on demand. The inventory of finished products has dropped to the normal range. However, if the subsequent orders are insufficient, the finished products may be accumulated again.
Market outlook
The upstream new cotton has not started to purchase in large quantities, and the cotton market is temporarily stable; The demand side is weak, the grey fabric market continues to be weak, and weaving mills sell goods at favorable prices to destocking, and their willingness to maintain prices is not strong. It is expected that the market will consolidate in the short term.
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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
