Price rebound, cotton yarn procurement is still low

Market analysis: after the Qingming Festival, the spot price of cotton rose slightly, with an increase of about 100 yuan / ton. On the 9th, the price index of domestic cotton 3128 was 15369 yuan / ton. In the early period of delivery, 26S cotton yarn was slightly better than 32S cotton yarn. In recent days, yarn prices stabilized after some transactions, mainly loose. Cotton yarn early callback basically in place, for downstream weaving, fabrics, clothing and other links to make a part of the profit space. Affected by the rebound of overseas epidemic situation and the decline of cotton price, the international cotton yarn market began to weaken, and the price of imported yarn continued to decline. On April 9, the main cotton yarn 2109 contract price of zhengshangsuo rose 1.06% yesterday, with the opening price of 22165 yuan / ton and the settlement price of 22255 yuan / ton.

 

Downstream market: downstream domestic yarn, grey cloth inventory low increased slightly. In the first and middle of April, the willingness of textile mills to replenish stock began to pick up, and the enterprises were still cautious in receiving orders, and the replenishment was mainly based on rigid demand. Autumn and winter orders in April have been issued, although it is still mainly exploratory delivery, the price is also lower, but for yarn and fabric enterprises, it is still good news. According to the prosperity monitoring results of the circulation branch of China Textile Federation, from February to March 2021, the prosperity index of the managers of the national textile and garment professional market was 53.12, up 4.03 percentage points from 49.09 in January, and from various indicators, the prosperity index rose significantly compared with January, indicating that the downstream market as a whole maintained a healthy operation.

 

Future forecast: after the fermentation of market worries caused by Xinjiang cotton, the futures prices of cotton and cotton yarn rebounded, but the trading of cotton yarn market did not show obvious signs of improvement. At present, the atmosphere of cotton yarn market is light, the prices of chemical fiber yarn and cotton yarn have declined, the overall purchasing demand of textile industry is at a low level, the cotton yarn market is mainly wait-and-see, and the order situation is still concerned in the later stage. It is estimated that the future market is still low It will remain low.

PVA