The cotton yarn market has little change compared with last week, and there are many spinning companies, and they are buying at the same price.

In terms of the epidemic, according to data from Hopkins University, as of 16:32 Eastern Time on the 30th (4:32 on the 31st, Beijing time), the total number of confirmed cases worldwide reached 6,037,762, and the number of deaths was 367,356. The cumulative number of confirmed cases in the United States reached 1,764,671, and 103,605 deaths.　　Foreign countries, on May 21, 2020, India initiated an anti-dumping investigation on polyester yarns originating in or imported from China, Indonesia, Nepal and Vietnam. In 2019, China's pure polyester single yarn exports to India amounted to 21,100 tons, accounting for 9.66% of total exports, ranking third in exports. As a country that relies on raw and auxiliary materials provided by China to operate, the anti-dumping initiated by it has far-reaching significance. Entering May, European epidemic control measures have been gradually relaxed, and many countries have begun to resume work. Recently, many textile bosses said that foreign inquiry orders began to increase. With the gradual recovery of the consumer market and the introduction of supporting policies, it is expected that the operation level of the cotton textile and apparel industry in the second half of 2020 will be significantly improved compared with the first half of the year. In the long run, this epidemic has magnified a series of problems in the global cotton textile industry chain, and the situation facing Chinese textile enterprises is still severe.　　In the domestic situation, from January to April 2020, the national online retail sales of goods was 3,069.8 billion yuan, a year-on-year increase of 1.7%. Among them, the retail sales of physical goods amounted to 2.5751 billion yuan, a year-on-year increase of 8.6%. Among the physical goods, the sales of physical clothing products fell by 12% year-on-year. In terms of textile exports, from January to April 2020, textile and apparel exports totaled 466.4 billion yuan, a decrease of 7.4%, of which textile exports were 261.3 billion yuan, an increase of 5.9%, and clothing exports were 205.1 billion yuan, a decrease of 20.2%. In April, textile and apparel exports were 150.17 billion yuan, an increase of 14.8%, of which textile exports were 102.79 billion yuan, an increase of 56.2%, and clothing exports were 47.38 billion yuan, a decrease of 27.1%.　　Upstream: This week, the spot price of cotton was steady and slightly down, and the spot trading atmosphere was steady and slightly weaker. The trading atmosphere in the viscose staple fiber market has improved. This week, direct-spun polyester short high-end transactions were light, and inventories began to accumulate.　　Yarn aspect: The cotton yarn market has little change this week. Trading is relatively stable and the price is still weak. The price of pure polyester yarn mills is stable and sales are weak. The performance of the cotton yarn market this week is flat and the market lacks vitality.　　 Downstream: The sales of cotton grey cloth market weakened this week, and the price of grey cloth is generally weak and stable overall.　　 Generally speaking, the prices of pure cotton yarn, rayon yarn, polyester viscose yarn, cotton viscose yarn, and pure polyester yarn remained stable this week, while the price of polyester cotton yarn increased.　　The operating rate of each yarn has increased slightly, and many textile companies are buying goods at the same price, and profits are generally poor.　　【Market overview of the week】　　 The prices of pure cotton yarn, rayon yarn, polyester viscose yarn, cotton viscose yarn, and pure polyester yarn remained stable this week, while the price of polyester-cotton yarn rose. The operating rate of various yarns increased slightly, and most of the textile enterprises bought goods at the same price, and the profits were generally poor. In terms of yarns this week, the pure cotton yarn market has not changed much compared with last week. The main reason is that conventional carded varieties, especially the 40 support, continue to sell more quickly. The shipments of other varieties are relatively light, and the prices of cotton yarns are mostly stable. Corporate profits are generally poor. The prices of pure polyester yarn mills have remained stable, and sales have been weak. It is expected that the prices of the yarn mills will decline after the raw material end is unsupported in the later period. The performance of the rayon yarn market was flat this week and the market lacked vitality.　　 In terms of the grey fabric market, according to the statistics of China Textile City market, the total sales volume of grey fabrics this week was 30 million meters, an increase of 2.43 million meters from last week. Among them, chemical fiber cloth sold 25.46 million meters this week, accounting for 63.7% of total sales, cotton cloth sold 2.71 million meters, accounting for 6.78% of total sales, and rayon cloth sold 4.58 million meters, accounting for 11.5% of total sales. Compared with last week, grey cloth inventory increased slightly this week. [Spread structure and arbitrage analysis] 　　 As of May 29, 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 18,500 yuan/ton (0) , The spread is 200, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 This week, the cotton yarn CY009 contract continued sideways, with a shock range of 17,800-19,350 yuan/ton, the highest price of 19520 yuan/ton, and the lowest price of 19,050 yuan/ton. On May 29, the CY009 contract open interest was 8313, a decrease of 13 lots from the previous trading day.　　[Market outlook] 　　The contract price of cotton yarn CY009 continues sideways this week, with an operating range of 17,800-19350 yuan/ton. The pure cotton yarn market has little change compared with last week. Spinning companies are buying at the same price, and profits are generally poor. The orders received by weaving factories are still dominated by domestic orders, while outsourcing orders have not shown much improvement. The downstream willingness to buy yarn is not high. It is expected that the order connection in June will be difficult, and the yarn price will be weak. It is advisable for speculators to wait and see. (For reference only) Key words of the article: 　Cotton Yarn Market