Cotton Yarn Futures Rebounded After Falling, Spot Market Temporarily Stable

1、 Price quotation

According to the data of the business agency, the price of 21s cotton yarn was about 25450 yuan / ton on the 30th, and 25366 yuan / ton on the 3rd, which was 84 yuan / ton or 0.33% lower than last Friday and 2.28% higher than that of last month.

2、 Market analysis

This week, pure cotton yarn market remained weak trend, less purchase transactions, lower textile enterprises inquiry orders weakened, the overall trading poor. Cotton yarn futures fell more than Zheng cotton this week, and rebounded against the trend on Friday. On September 3, the average price of 3128b cotton index in China was 17954 yuan / ton, down 241 yuan / ton from last Friday. Cotton prices fell this week and rose on Friday with futures prices.

3、 Downstream industry chain

There are not many new orders for downstream weaving enterprises, and the starting rate has decreased. In the case of just needed procurement, cotton yarn spot delivery is slow. With the decrease of cotton yarn price, the price of downstream cotton cloth began to fall for the first time since August. On the terminal, the international freight rate soared, which led to foreign orders ahead of time, and the sales of downstream clothing enterprises in the peak season were not as good as in previous years.

New cotton picking near, cotton production reduction, seed cotton rush to receive more and more attention, coupled with the textile enterprises focus on the "gold nine silver ten" situation is not as expected, the future depends on whether the market demand is improved, it is expected that the cotton yarn short-term market volatility.