Market conditions: very few transactions in cotton yarn prices continue to decline

There were very few deals in cotton, and some cotton traders started panic selling the cotton in their hands. No one was interested in the low-grade cotton. The sales of high-grade cotton were still slightly stable. ** The cash position of the warehouse receipts in the market is not much, and the electronic discs have dropped sharply for two consecutive days. The bull market has retreated. The textile factory is still not easy. Some factories that want to get goods cannot give cash. The cotton companies that want to sell are all holding money to pay back the agricultural distribution, so the transaction is minimal. Some large-scale textile mills have also experienced a holiday. In recent days, the de-stocking of textile mills has been unsatisfactory. At present, the inventory days of textile mills are equivalent to those in the financial crisis. On the 29th, China's cotton price index (CCIndex328) was 24,289 yuan per ton, down 14 yuan, and the average price of 527 cotton to the factory was 22,191 yuan per ton, down 41 yuan.

The spot price of domestic cotton continued to decline, and the current transaction price of Xinjiang Grade 3 cotton was basically maintained at around 26,000 yuan/ton. Currently, the warehouse shipments are not large, which is basically the same as last week, and many purchase and sale companies still have a lot of hands in their hands. The low grade cotton failed to shoot in time. Textile companies have to withdraw funds, reduce inventory pressure, and also deal with the price cuts of certain varieties of cotton yarn.

The overall yarn market continued to decline, and the overall cotton yarn market continued to show signs of restraint. The price of cotton yarns remained stable. According to the market dynamics, the sales of all 32s of cotton yarn are acceptable. In the mixed yarn product line, the trade volume of polyester/viscose yarns increased by 40s/2, and the price remained stable. The prices of polyester/cotton yarns 90/10 and 80/20 were stable, while the prices of individual cotton/silk yarns 65/35 were still sinking, and there were few transactions in the market. People's cotton yarn market sells in the 30s market, mainly for the production of diamond-cotton fabrics. The transaction volume of other specifications in the cotton yarn market is not large. The market price of polyester staple fiber with a price of 1.4D38mm falls at 12,800 yuan/ton. The price of viscose staple fiber is in a declining state. The latest market center price is around 18050 yuan/ton. It is expected that there will be a moderate downward trend in the market price of cotton yarn.