What Is The Future Of Cotton Yarn Volume And Price Falling?

On May 24, the contract settlement price of cotton yarn futures in May fell 410 by 22100, while that in September by 22640 fell 300, with 5361 transactions and 5488 positions.

Today, Zheng cotton, cotton yarn futures fell, cotton is the lowest drop below 14800 points, closing down 2.42%; cotton yarn closed down 2.22%. Recently, the market transactions continue to weaken, most businesses reflect that the on-site shipment is very small. Even some mills reflect that there are no new orders in nearly a week. The weakening of downstream demand and the range of traders' price reduction have brought a lot of difficulties for the mills to receive orders. Although some manufacturers with a long list period still have a strong price sentiment, most of them have already begun to loose their prices in mid April, and the price reduction rate of some mills in recent two days has reached about 1000 yuan / ton. But there are still some mills that say the price of traders is still lower than them. Some traders reflect that due to the rapid price decline in recent years and the high inventory in the early stage, they will ship as soon as possible, reduce some inventory pressure and recover some funds. The market continues to be weak today, downstream manufacturers also wait and see more, it is expected that yarn prices will be further callback.

At present, staple fiber spot is also in a low state. Under the influence of PTA raw material decline and low downstream purchasing sentiment, the price has dropped. However, staple fiber factories have a strong willingness to stand out and are not willing to reduce prices too much; while the downstream reserves are relatively sufficient, which is somewhat inconsistent with the market price, so the short fiber turnover is low at this stage. Downstream is more cautious.