Upstream And Downstream Good Cotton Yarn Market Strong

1、 Price quotation

According to business agency data, the price of 32 cotton yarn in Shandong on June 6 was about 26267 yuan / ton, up 2.34% month on month and 30.03% year-on-year.

2、 Market analysis

Recently, affected by the high price of cotton in Zhengzhou and cotton yarn futures, the rise of cotton spot market, and the increase of replenishment of textile enterprises, the cotton yarn market has also been rising. Textile enterprises have psychological expectations of high price cotton in the early stage, coupled with the decline of self owned inventory, cotton yarn enterprises have temporarily stabilized their shipment, and cotton yarn enterprises have strong willingness to stand up for price, which provides power support for high cotton prices. Cotton yarn futures this week high consolidation callback, 6 days price rebound rise, settlement price 26965 yuan / ton, closing price 27180 yuan / ton, 1.38% higher than the previous trading day.

On August 6, China's cotton price index of 3128b was 17528 yuan / ton, down 1.14% from the end of last week. Zheng cotton affected by the expansion of the scope of domestic epidemic infection callback, but the downstream demand is optimistic, the overall market is still strong. Reserve cotton sales by enterprises hot, to August 6, the cumulative turnover of 238380.64 tons, turnover rate of 100%, the market remained bullish.

3、 Downstream industry chain

After August is the traditional peak season for orders and production in autumn and winter. The cotton yarn price rise is not smooth to the grey fabric end, which makes the downstream acceptance not high, and the cloth factory maintains the rigid demand procurement. The inventory of downstream fabric enterprises has not significantly accumulated. After this period of time, the cotton price rises sharply, and the acceptance degree of raw material price rise will be improved. When the peak season comes, the downstream may increase the purchase of raw materials, and the cotton yarn will continue to rise in price.