Recently, ICE, Zheng cotton, and Zheng yarn futures have oscillated in a wide range (CF2109 contract high is 16,975 yuan/ton, low is 16,380 yuan/ton), and the long and short sides are still in a stalemate at 16,500-17,000 yuan/ton. Guangdong, Jiangsu, and Zhejiang The transaction price of cotton yarn in the light textile market in coastal areas continued to stabilize. It was not greatly affected by the sharp rise and fall of raw materials such as cotton and polyester staple fiber. The performance of consumer terminals such as weaving mills, fabrics and clothing was stable.
At present, orders for medium and high-count carded and combed yarns such as C60S are still relatively smooth. Although inquiries and shipments of conventional yarns for C26S, C32S, and C40S have slowed down compared with June, the phenomenon of overstocking of textile enterprises has not Obviously, it remains at a low level. The terminal demand for OE yarn and low-count ring spinning yarn has shown a periodic improvement, and the production and sales of yarn mills have gradually become balanced.
From the survey of cotton spinning enterprises in Jiangsu, Shandong, Henan and other places, there is a strong bullish and rising atmosphere for cotton yarn: First, Zheng cotton and Zheng cotton yarn have withstood the bull market after the impact of the external market and the collapse of bulk commodities. The market foundation is more solid, and it is only a matter of time before the main contract exceeds 17,000 yuan/ton; secondly, since mid-July, the main contract of Zheng cotton has rebounded from 16,220 yuan/ton to 16,975 yuan/ton, while cotton yarn quotations have only generally increased by 200-300 yuan. / ton, there is a need to make up for the increase; third, before late July, the yarn inventory of domestic cotton spinning mills above designated size remained at a low level, with relatively abundant liquidity, and they had the confidence to hold on to the stock; fifth, recently India, Vietnam, Pakistan, The quotations of cotton yarns from Uzbekistan and other origins continue to rise, and the price difference between domestic and foreign cotton yarns gradually widens, stimulating cotton spinning mills to follow the rising sentiment. </p
