The cotton yarn market has fewer orders and insufficient downstream power.

The cotton yarn market's shipment speed has slowed down slightly compared with the previous period, and the textile enterprises have insufficient orders and prices are temporarily stable. Recently, the price of cotton has strengthened and the cost of spinning enterprises has risen, but the price of cotton yarn is difficult to rise, and the loss situation is still getting worse. Downstream demand has not improved, and cotton yarn inquiry and transaction momentum is still insufficient. It is expected that the pure cotton yarn market will remain weak in the early stage.　　 [Market Overview] 　　 Today, the cotton spot price transaction is light, and the cotton spot price transaction is relatively good. Today's enquiry and pending orders are light, and the current non-emergency pending orders remain stable at CF09 contract 11400-11600, and more urgent pending orders are at CF09 contract 11900-11950. Today, Zheng Cotton Futures rose near flat and far, CF2009 closed at 11985 yuan/ton, closing flat; CF2101 closed at 12520 yuan/ton, up 20.　　 The price of direct-spun polyester staple has increased, and today's transaction has turned slack. The semi-gloss 1.4D mainstream transaction center remains at around 5900-6100 yuan/ton. The quotation of Jiangxi pure polyester yarn is raised, and the mainstream quotation of T32S is around 10100-10200 yuan/ton. Fujian pure polyester yarn sales are flat, and the mainstream price of T32S is around 10100-10200 yuan/ton.　　 The mid-range viscose staple fiber is slightly looser than the previous period. At present, the higher price in the market remains at 9300-9500 yuan/ton, but the actual implementation is still around 9000 yuan/ton, and the market transaction atmosphere has not improved significantly.　　 The trading atmosphere of the rayon yarn market is dull, the market has no hot spots and lacks vitality. The price of polyester yarn rose slightly, while the prices of other yarns maintained stable operation.　　 Today, the import cotton yarn market is lightly traded, and prices are mainly stable. Traders' shipments are slow, and market demand is still generally weak. The strong renminbi made traders profitable on goods arriving in Hong Kong in June, and the market sentiment was good. However, the price triggered by the drop in the cost of arrival at the port made the market pessimistic about cotton yarn prices in the future.　　 Today, the external purchase of imported yarns tends to be calm. Inquiries from China continue to partly, but the bids are generally low. India’s external disk prices remain stable, with traders still offering C21S at around US$2/kg, and RMB 17,000/ton after tax. There was little change in the foreign trade of Vietnamese cotton yarn, and the transaction was light. Some spinning mills quoted a price of USD 2.32 per kilogram for C32S package bleaching, and RMB 19,100 per ton after tax. Pakistan's Siro Textile's external offer remained stable. Pakistan's Sirotextile’s quotation remained stable, and some traders, the second-tier better Sirotextile’s C10S, had a higher quotation of $355 per piece, RMB 16,200 after tax per ton. 　　 According to the China Textile City market transaction volume statistics, the total transaction volume of grey fabrics today The sales volume was 6.55 million meters, a decrease of 1.43 million meters from yesterday. Among them, chemical fiber cloth sold 4.31 million meters today, accounting for 65.8% of total sales, cotton cloth sold 390,000 meters, accounting for 5.9% of total sales, and rayon cloth sold 650,000 meters, accounting for 9.9% of total sales. [Spread structure and arbitrage analysis] 　　 As of June 8, the domestic CY C32 price is 18,700 yuan/ton (0), the Indian C32S price is 18,300 yuan/ton (0), the spread is 400, and the Vietnamese jet C32S price is 18,480 yuan/ton (0) , The spread is 220, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On June 8, the contract price of cotton yarn 09 fluctuated and fell. The highest price was 19,670 yuan/ton, the lowest price was 19475 yuan/ton, and the closing price was 19475 yuan/ton, down 70 points from the previous trading day. The open interest was 9078, which was 4 hands less than the previous trading day.　　[Future Outlook]　　The price of cotton yarn CY009 contract fluctuated and fell today. The speed of cotton yarn shipments has slowed down, and the downstream transaction momentum is insufficient, gradually entering the off-season, and the price is expected to run weakly. It is advisable for speculators to wait and see. (For reference only) Key words of the article: 　 Cotton Yarn Market