According To The Data Show That Inventory Decline, Cotton Yarn Market Stable

According to the data, the price of 32 cotton yarns is about 25700 yuan / ton.

Analysis: cotton yarn Market Trading improved compared with before the festival, spinning enterprise mentality improved. Cotton yarn inventory continued to decline, the load remained at the level of last week, and the end of grey cloth was still weak, local orders increased, and the overall delivery was general. In terms of imported yarn, this week's trading situation of imported yarn has improved compared with that of last week, the port inventory of imported yarn has decreased slightly, the price is mainly stable, and there is no arbitrage opportunity for the difference between domestic and foreign prices. The price inquiry and delivery of combed yarn imported from various light and textile markets in coastal areas are slow, and the mood of both buyers and sellers is not high. India and its surrounding countries continue to spread the epidemic, leading to the return of some foreign trade orders.

On the macro level, China's textile and garment exports amounted to US $65.11 billion, up 44% year on year and 15.6% higher than that of the same period in 2019. Among the main export products, the export volume of clothing in the first quarter reached 33.3 billion US dollars, with a year-on-year increase of 47.7%. According to the survey data of China Textile Industry Federation, the prosperity index of China's textile industry in the first quarter was 57.1, which was above the 50 prosperity and withering line for four consecutive quarters, indicating that the production and operation situation of the textile industry and the general trend of market expectation are better, and the enterprise development confidence is enhanced.

Upstream and downstream: the domestic cotton spot market is stable this week. Recently, cotton in southern and Northern Xinjiang has gradually entered the stage of emergence. Strong winds and cold waves in various places make it necessary to replant or reseed cotton in several places. The drought continued in the western part of the United States, and the scope of the drought gradually expanded, and Texas, the main cotton region in the southwest, was covered. However, for the domestic textile industry, foreign single backflow is expected to increase. China's grey fabric market orders are better than before the festival, follow-up attention to the order persistence.

In general, the cotton yarn Market Trading improved, the upstream raw material support is strong, the decline of cotton yarn inventory of spinning enterprises is accelerated, and the cotton yarn spot price trend is optimistic, and it is expected that the future market will be stable and upward.