Market Dynamics: The Price Of Man-Made Cotton Yarn Is Down

Since December, the market atmosphere of man-made cotton yarn has been in the doldrums, and the terminal demand is weak. On December 27, the price of viscose staple fiber in upstream was adjusted downward, and the price of human cotton yarn was also weak.

According to the price monitoring of the business association, as of December 27, 2021, the average ex factory price of renmian yarn (30s, ring spinning, first-class products) is 18266 yuan / ton, which is 434 yuan / ton lower than the price of the previous day, with a decrease rate of 2.32%.

With the sharp downward adjustment of the upstream raw material viscose staple fiber price, and the terminal factories have closed down in succession near the Spring Festival, there are many negative factors on the fundamentals, and the manufacturers are pessimistic about the future market. The analysts of the business agency expect that the short-term human cotton yarn market will be mainly sorted down.