Cotton yarn price drop expands Double 11 demand "cool"

At the end of October, the spot price of cotton yarn fell sharply for the second time, but there were still fewer inquiry customers after the price reduction, and the transaction was still relatively quiet. "Gold nine silver ten" season is not prosperous, double eleven orders are also cold cool. Cotton yarn factory orders are insufficient, the probability of opening continues to decline, the finished cotton yarn inventory continues to accumulate; The inventory level of cotton yarn trading side is still at a historically high level, and although the price is reduced, the actual effect is little, indicating that the downstream ability to undertake is weak; The weekly opening probability of weaving mills continues to decline, the inventory of cotton finished products is rising, and the inventory risk of mid-end yarns is gradually emerging, and it is transmitted upward to cotton prices.

From the survey point of view, since mid-October, Jiangsu, Shandong, Hubei and other places some textile enterprises cotton yarn factory quotation has been reduced by 800-1000 yuan/ton, of which C32S high distribution package yarn quotation has fallen to 24000-24500 yuan/ton, C32S low distribution cotton yarn factory price 23500-24000 yuan/ton, With the current mainland library "double 28" Xinjiang machine cotton public weight quotation price difference reduced to 6500-7000 yuan/ton. A cotton factory in Xuzhou said that although from the point of view of the price of spot yarn, the production and sales of cotton spinning enterprises are basically in a flat state or limited loss, considering that most enterprises have 20-30 days (30-60 days for large and medium-sized cotton mills) raw material inventory, not only the raw material replenishing period is concentrated in the Zheng cotton main contract 17000-17500 yuan/ton high range, And cotton yarn factory prices down more than 1000 yuan/ton, so the loss did not fall sharply with cotton prices and significantly improved, coupled with cotton yarn traders continue to drop prices, "barrier lake" collapse risk and the entire cotton textile and garment industry is about to enter the off-season impact, some small and medium-sized textile enterprises have fallen into new difficulties. In the downstream cotton yarn, grey cloth overall price to increase the difficulty of storage and 2023/24 cotton supply is very sufficient as a whole, it is expected that before the end of December cotton mills will not concentrate, a large number of replenishment, the support of cotton prices, sales progress is relatively small.

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