Affected by the downstream demand side, the cotton yarn market price transaction center continues to move downward, and it is expected that cotton yarn will run weakly in the short term

Due to poor downstream demand, the phenomenon of weaving mills’ holiday production reduction is more common, the trading atmosphere in the cotton yarn market continues to remain weak, and the focus of pure cotton yarn transactions continues to drop. It is expected that the phenomenon of reduction and shutdown of textile enterprises will increase. In the short term, due to the difficulty of improving downstream orders, it is expected that the weak operation will continue to be maintained. [Market Overview] 　　 Today, the overall cotton spot trading is light, and the current mainstream order points are stable, and some have moved up slightly. Most of the orders are in the 11800-11950 range of the CF09 contract. The Zheng cotton futures fluctuated and closed down yesterday, and CF2009 closed at 12,125 yuan. /Ton, down 40; CF2101 closed at 12,695 yuan/ton, down 50. Today, Zheng cotton futures fluctuated and fell. CF2009 closed at 12,070 yuan/ton, down 95; CF2101 closed at 12,650 yuan/ton, down 95.　　 Today's direct-spun polyester short quotes are moderately raised, and sales are not as good as yesterday. Semi-gloss 1.4D mainstream transactions are centered at 5250-5350 yuan/ton. Jiangxi pure polyester yarn, T32S mainstream price is 9300-9600 yuan/ton, Shandong polyester-cotton yarn sales are general, TC65/35 32S mainstream negotiation is 13500-13800 yuan/ton.　　 Today, 1.2D sticky short is 8400 yuan/ton, and the low price policy of viscose staple fiber has increased, and the mainstream market price has dropped to 8200-8500 yuan/ton.　　 Today, the prices of various yarns are maintaining stable operation. The price of rayon yarn has fallen by 50 yuan/ton, and the price of polyester-cotton yarn has fallen by 50 yuan/ton.　　 Today, the import cotton yarn market is generally trading, the market price is weak, and the cotton yarn market demand remains weak. The start-up of knitted fabric factories in Guangdong region rebounded slightly, and the proofing orders showed a slight increase. However, the price of cotton yarn remained weak. The price of ordinary JC32s knitting was already below 20,000, and the Siro spinning market remained light.　　 The price of imported yarns on the outer plate was stable but weak, and the transaction was light. The demand for open-end spinning and combed yarns is weak, and there are still ongoing inquiries for carded yarns. The prices of external disks in India were mixed. Because of the good local demand in India, the quotations of carded 30S and above rose by 1-3 cents/kg, and the prices of open-end spinning, carded yarns below 30S and combed yarn remained weak. The local trader C16S knitting price quoted at US$1.9/kg, RMB 15,900/ton after tax. Vietnam’s external disk prices are stable but weak. OEC16S can float between US$1.54-1.56/kg and RMB 1.25-12.7 million/ton after tax. Pakistan’s external disk prices remain stable. The demand for Siro is weak. Trader Siro. Spinning C10S USD is still quoted at 350 USD/piece, and RMB 15,600/ton after tax.　　 According to the statistics of the market volume of China Textile City, the total sales volume of grey fabrics today is 7.88 million meters, an increase of 560,000 meters from yesterday. Among them, chemical fiber cloth sold 5.45 million meters today, accounting for 69.2% of the total sales volume, cotton cloth sold 430,000 meters, accounting for 5.5% of the total sales volume, and rayon cloth sold 790,000 meters, accounting for 10.0% of the total sales volume. [Spread structure and arbitrage analysis] 　　 As of July 23, the domestic CY C32 price is 18,555 yuan/ton (0), the Indian C32S price is 18,300 yuan/ton (0), the spread is 165, and the Vietnamese jet C32S price is 18,380 yuan/ton (0) , The spread is 175, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On July 23, affected by cotton prices, the price of cotton yarn 09 contract fluctuated and fell. The highest price was 19,315 yuan/ton, the lowest was 19,040 yuan/ton, and the closing price was 19065 yuan/ton, a decrease of 165 points from the previous trading day. The open interest was 8071, an increase of 96 lots from the previous trading day.　　[Market outlook]　　The closing price of cotton yarn CY009 contract today is 19065 yuan/ton. Affected by the downstream demand side, the cotton yarn spot market is still poorly traded, and downstream weaving mills have reduced and stopped production. It is expected that the cotton yarn market will operate weakly. Pay attention to the 19,000 line, and it is recommended that speculators go short appropriately. (For reference only) Key words of the article: 　 Cotton Yarn Market