The cotton yarn market has a clear off-season atmosphere, with insufficient foreign trade orders, and the market is not optimistic about the market outlook.

The off-season atmosphere in the cotton yarn market is apparent, the transaction momentum is obviously insufficient, and the actual transaction price can be negotiated. At present, domestic orders can still maintain a small amount of goods, but subsequent orders are more difficult to connect, and textile companies maintain a low start-up, but production and sales are difficult to level, and inventory is slowly climbing. The epidemic situation has rebounded after the resumption of work in the United States, and the return of foreign trade orders has become more difficult. The market is not optimistic about the market outlook.　　 [Market Overview] 　　 At present, downstream textile companies are still weak in purchasing willingness, and the pending orders are more in the 11500-11700 range of the CF09 contract. Zheng Cotton Futures fluctuated and closed down yesterday. CF2009 closed at 11,810 yuan/ton, down 25; CF2101 closed at 12,325 yuan/ton, down 45. Today, Zheng Cotton Futures rose far and fell. CF2009 closed at 11,840 yuan/ton, up 5; CF2101 closed at 12,360 yuan/ton, down 10.　　 Today, the price of direct-spun polyester staple continues to be stable, and the mainstream transaction center of semi-gloss 1.4D is around 5700-5900 yuan/ton. The price of Fujian pure polyester yarn is temporarily stable, T32S mainstream price is 10000-10200 yuan/ton, Fujian polyester-cotton yarn price is stable, and CVC60/40 32S mainstream price is 16200-16300 yuan/ton.　　 The recent performance of viscose staple fiber has been relatively stable. Despite the current poor downstream demand, the output of viscose plants is also limited. Coupled with cost support, most viscose plants are currently maintaining stable prices after a slight loosening in the early stage.　　 Today, the price of cotton yarn has dropped slightly, and the prices of other varieties of yarn have maintained stable operation. Entering the off-season, yarn prices are generally weak.　　 Today, the spot market for imported cotton yarns is generally trading, and traders' quotations are mainly stable, but expectations are more pessimistic. Market demand is weak, arrivals in Hong Kong have increased, and imported cotton yarn inventories have risen. Short-term oversupply in the market is relatively obvious, and pressure will increase. It is expected that prices will be weak.　　 Today, the market price of imported yarns on the outer disk has remained stable and rising, and the overall market is still in a light situation. Today, Indian external prices are rising steadily. Calculated by 1-2 months of cotton inventory, Indian yarn mills are still suffering serious losses. Some yarn mills quoted C21S at US$2.03/kg and RMB 17,200 after tax. Vietnam’s external disk prices remain stable, making it difficult to deliver goods. Some traders’ C32S jet quoted a price of US$2.29/kg, and RMB 18,700/ton after tax. Pakistan prices are mainly stable, and the order situation is not ideal. The second-line Siro spinning C8S US dollar price is around 340 US dollars/piece, and the RMB after tax is about 15,300 yuan/ton.　　 According to the statistics of the market volume of China Textile City, the total sales volume of grey fabrics today is 6.24 million meters, an increase of 410,000 meters from yesterday. Among them, chemical fiber cloth sold 4.13 million meters today, accounting for 66.2% of total sales, cotton cloth sold 380,000 meters, accounting for 6.1% of total sales, and rayon cloth sold 660,000 meters, accounting for 10.6% of total sales. [Spread structure and arbitrage analysis] 　　 As of June 17, the domestic CY C32 price is 18650 yuan/ton (0), the Indian C32S price is 18,300 yuan/ton (0), the spread is 350, and the Vietnamese jet C32S price is 18,500 yuan/ton (0) , The spread is 150, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On June 17, the contract price of cotton yarn 09 fluctuated and fell. The highest price was 19280 yuan/ton, the lowest price was 19105 yuan/ton, and the closing price was 19185 yuan/ton, an increase of 30 points from the previous trading day. The open interest was 8,338, which was a decrease of 175 lots from the previous trading day.　　[Market outlook]　　Today's cotton yarn CY009 contract price fluctuated and fell. The off-season atmosphere in the cotton yarn market is obvious, the foreign trade orders are insufficient, and the market is not optimistic about the market outlook. It is expected that cotton yarn prices will run weakly. It is advisable for speculators to wait and see. (For reference only) Key words of the article: 　 Cotton Yarn Market