The cotton yarn market has weak transactions and the downstream purchasing will be weak. It is expected that the cotton yarn market will remain weak

The cotton yarn market was deserted, the delivery speed was obviously slowed down, and the price was stable while weak. The textile enterprises' orders are obviously insufficient, the inventory has mostly risen, the start-up is barely maintained, and some small factories have reduced and stopped production. At present, there is a lack of downstream orders, the willingness to purchase cotton yarn is cold, and the demand for pure cotton yarn continues to be weak. It is expected that the pure cotton yarn market will remain weak.　　 [Market Overview] 　　 Today's cotton spot trading is weaker than last week, and inquiries and pending orders are light; the current just-needed pending orders are slightly moved down to the 11500-11550 range of the CF09 contract. Today, Zheng Cotton futures rose far and flat, CF2009 closed at 11665 yuan/ton, up 15; CF2101 closed at 12215 yuan/ton, unchanged.　　 Today, the price of direct-spun polyester staples fell, and trading remained light. The mainstream transaction center of semi-gloss 1.4D was around 5600-5800 yuan/ton. The price of pure polyester yarn in Fujian is stable, and the mainstream price of T32S is 9800-9900 yuan/ton. The price of polyester-cotton yarn in Fujian is stable, and the mainstream price of TC65/35 32S is 13800-14000 yuan/ton.　　Viscose factories are still mostly coordinating with downstream companies to implement pre-contracts, and new transactions are very sporadic. In terms of prices, there is no obvious change. The mainstream prices continue to stabilize at 8,700-9100 yuan/ton, but there is insufficient confidence in the later trend.　　 The prices of pure polyester yarns and polyester-cotton yarns dropped slightly, while the prices of other types of yarns remained stable.　　 The spot market for imported yarn is generally trading, and the market supply exceeds demand. Some goods were dumped, and the price dropped by 200-500 yuan/ton. Among them, the price of knitting yarn fell more, and traders stepped on each other.　　 Today, the external price of imported yarn is mainly stable, and the external transaction is light. In the traditional off-season, China's downstream cloth mills have difficulty receiving orders, and cotton yarn prices are under pressure. The external price of Indian cotton yarn remained stable, and the transaction was light. The trader OEC10S quoted US$1.35/kg, and the RMB after tax was about 11,500 yuan/ton. Vietnam’s external disk prices remained stable, with some OEC21S quoted at US$1.65/kg and RMB 13,600/ton after tax. The price of cotton yarn in Pakistan is stable. The first-line Siro spinning C10S price of some traders is 360 USD/piece, and RMB 16,200/ton after tax.　　 According to the statistics of the market volume of China Textile City, the total sales volume of grey fabrics today is 6.67 million meters, a decrease of 70,000 meters from yesterday. Among them, chemical fiber cloth sold 4.38 million meters today, accounting for 65.7% of the total sales volume, cotton cloth sold 350,000 meters, accounting for 5.2% of the total sales volume, and rayon cloth sold 870,000 meters, accounting for 13% of the total sales volume. [Spread structure and arbitrage analysis] 　　 As of June 29, the domestic CY C32 price is 18,600 yuan/ton (0), the Indian C32S price is 18,300 yuan/ton (0), the spread is 300, and the Vietnamese jet C32S price is 18,450 yuan/ton (0) , The spread is 150, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On June 29, the contract price of cotton yarn 09 fluctuated and rose. The highest price was 19130 yuan/ton, the lowest price was 18930 yuan/ton, and the closing price was 19045 yuan/ton, which was an increase of 15 points from the previous trading day. The open interest was 8095, which was 125 hands less than the previous trading day.　　[Market outlook]　　The cotton yarn CY009 contract price fluctuated and rose today. Entering the off-season, the trading atmosphere of the cotton yarn market continues to weaken, and downstream orders are lacking. It is expected that the cotton yarn market will maintain a weak operation. Focus on the 19,000 first-line support, and speculators can go short appropriately. (For reference only) Key words of the article: 　 Cotton Yarn Market