Affected By Rain, The Starting Rate Of Henan Cotton Yarn Decreased Slightly

On July 23, according to the price monitoring of the business agency, the price of 30s cotton yarn was 17933 yuan / ton, 200 / ton higher than last week, 1167 yuan / ton lower than that three months ago, a decrease of 6.11%, and a year-on-year increase of 30.27%.

Henan Province, as an important pure cotton spinning base in China, is mainly concentrated in the central and western regions, Zhengzhou and Xinxiang are more serious. In Henan Province, cotton planting and processing are less, but trade and storage are relatively concentrated. The number of cotton planting and textile enterprises in Zhengzhou, the most seriously affected by rainstorm, is not large. The subsequent flood discharge and logistics transportation will have an impact. At present, the actual trading volume of domestic cotton is not large, based on the high position of raw material inventory, the urgent delivery is also limited.

From the perspective of the industrial chain, the upstream product viscose staple fiber decreased by 15.35% in the past three months. As of July 23, the viscose staple fiber overall showed a downward trend. In recent three months, the price of viscose staple fiber decreased by 2400 yuan / ton, or nearly 15.35%. Since March, trading in the textile market has turned weak.

From the three-year annual price comparison chart, it can be seen that the sticky short price in 2021 rose rapidly at the beginning of March, but then showed a downward trend as a whole, but it was still higher than that in 2020 and 2019, and the price in 2019 was at the lowest price in three years.

Business analysts believe that affected by the rain, Henan people cotton yarn starting rate slightly decreased. However, with the advent of autumn, the demand for veil is large, and the price of cotton yarn will rise slightly.