The cotton yarn market continues to be weak, and the inventory of textile enterprises is still rising. The Xinjiang epidemic has limited impact on the yarn market, and cotton yarn prices are expected to run weakly in the short term

The trading atmosphere in the cotton yarn market continues to be weak, the inventory of textile enterprises continues to rise, and there is a lack of downstream orders, so purchases are cautious. The epidemic situation in Xinjiang has been repeated. It is understood that the speed of cotton yarn exports from Xinjiang has decreased, and the cotton yarn transportation of some spinning enterprises in northern Xinjiang may be affected to some extent. However, under the condition that the stock of pure cotton yarn is generally high, the impact on the market is expected to be limited.　　 [Market Overview] 　　 Today, the overall cotton spot trading is stable, and the spot price transaction is stable and acceptable. The current pending orders are mostly in the 11700-11900 range of the CF09 contract. Today, Zheng cotton futures fluctuated and fell. CF2009 closed at 11,935 yuan/ton, down 75; CF2101 closed at 12,510 yuan/ton, down 65.　　Polyester short price support is strong, Jiangsu direct-spun polyester short semi-gloss 1.4D mainstream is 5250-5350 yuan/ton.　　 Today's 1.2D sticky short is 8350 yuan/ton, the price has not changed significantly, the mainstream market transaction is 8300-8500 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 C32S cotton yarn has fallen by 5 yuan/ton.　　 Today, the import cotton yarn market is lightly traded, and prices are mainly stable. Traders are still passively increasing their inventory, and market pressure continues. Downstream orders have been heard to improve, but the overall fabric factory is still poorly started, and some parts even continue to decline. It will take time for demand to recover. Xinjiang automobile transportation is greatly affected by the epidemic, and short-term transportation has a certain impact on the supply side. However, due to high inventories in various parts of the mainland market, if the closure time is not long, the impact on the market will be limited.　　 The prices of imported yarns on the outer plate are stable but weak, and the continuous sluggish domestic downstream demand affects the order mentality, and the purchase of various varieties on the outer plate is light. Downstream fabric mills mainly purchase yarns on demand, and in the short term, the price of imported yarn in US dollars is still dominated by a weak trend. Indian external disk prices are stable but weak. Some traders OEC16S offer US$1.45/kg, and RMB 12,200/ton after tax. Vietnam’s external disk prices remain stable, and OEC16S can float between US$1.54-1.56/kg and RMB 1.25-12.7 million/ton after tax. Pakistan’s external prices remain stable, spinning mills are still operating at a high level of 70% to 80%. Trader Siro Spinning’s C10S quoted at US$350/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 was 6.58 million meters, a decrease of 1.08 million meters from yesterday. Among them, 4.68 million meters of chemical fiber cloths were sold today, accounting for 71.1% of total sales, 360,000 meters of cotton cloths were sold, accounting for 5.5% of total sales, and rayon cloths were sold 630,000 meters, accounting for 9.6% of total sales. [Spread structure and arbitrage analysis] 　　 As of July 27, the domestic CY C32 price was 18,450 yuan/ton (-5), the Indian C32S price was 18,300 yuan/ton (0), the spread was 155, and the Vietnamese jet C32S price was 18,380 yuan/ton (0). ), the spread is 165, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On July 27, affected by cotton prices, the price of cotton yarn 09 contract fluctuated and fell. The highest price was RMB 19,070/ton, the lowest price was RMB 18,760/ton, and the closing price was RMB 19,015/ton, an increase of 90 points from the previous trading day. The position held was 8031, which was a decrease of 171 lots from the previous trading day.　　[Market outlook]　　The closing price of cotton yarn CY009 contract today is 19,015 yuan/ton. Trading in the cotton yarn market continues to be light, and the phenomenon of spinning enterprises' inventory accumulation is increasing. The current yarn disk price is in a historical position and is bearish in the short term. It is recommended that speculators pay attention to the pressure of 18,900, and they can short appropriately. (For reference only) Key words of the article: 　Cotton Yarn Market