Yarn Market: There Are Three Reasons For The General Rise Of Cotton Yarn

Recently, the pure cotton yarn rose by 300-400 yuan/ton, and the manufacturer mainly destocked. On April 26, Shandong, Hebei and other places offered OE10S rotor spinning at around 14000 yuan/ton, up about 300 yuan/ton from the previous week. The quotation of C21S and C32S of Pucomb is 22500 yuan/ton and 24500 yuan/ton respectively, up about 400 yuan/ton compared with the previous week. On that day, the price of combed JC40S from a factory in Shandong Province was 28500 yuan/ton, up about 500 yuan/ton compared with the previous week.

Recently, pure cotton yarn has generally risen. According to analysis, there are three reasons for the rise: first, the recent cotton market has risen rapidly. Recently, Zheng Mian has grown like a rainbow. On Friday (23rd), Zheng Mian's contracts rose sharply, among which the price of CF2109 contract was close to the 16000 yuan/ton mark, and the bulls took the initiative. Such a huge rise is unexpected, and the market mentality has also changed for it, and the bullish trend has revived for a while. The rise of cotton is a huge driver of the rise of pure cotton yarn. Second, with the coming of the May Day holiday, the May Day holiday will last for five days. In order to cope with the holiday, traders and weaving mills in the light textile market around the country have a demand for replenishment and yarn stocking recently. Third, in the near future, downstream grey fabric enterprises have sufficient orders and are relatively active in yarn procurement. Many textile mills report that the order has been placed until August, and a large amount of raw materials need to be stored to complete the order. Therefore, in the near future, downstream enterprises are more active in yarn procurement.

On the whole, the recent rise of pure cotton yarn has become a big trend. Although many manufacturers said that their inventory pressure is still great, with the rise of prices, most enterprises have started to make profits, which is a great benefit for enterprises.