The cotton yarn market is not well traded, and many spinning companies sell goods at preferential prices, and sales remain sluggish

The cotton yarn market is lightly traded, the inventory of spinning enterprises is rising, and the prices are more favorable, but the sales are still sluggish. At present, there is a serious shortage of orders from downstream weaving mills, the phenomenon of reduction and suspension of production has increased, and the demand for pure cotton yarn is decreasing. [Market Overview] 　　 Today, the cotton spot price transaction is light, and there are currently many pending orders in the 11700-11850 range of the CF09 contract, and some urgent orders are near the CF09 contract 11950; today Zheng cotton futures fluctuated and closed up, and CF2009 closed at 11985 yuan/ton, an increase of 40 ; CF2101 closed at 12570 yuan/ton, up 25. Today’s direct-spun polyester short quotes fell slightly, semi-gloss 1.4D mainstream transactions centered around 5250-5350 yuan/ton, Fujian pure polyester yarn T32S mainstream reported 9200-9600 yuan/ton, Fujian polyester cotton yarn TC65/35 32S mainstream 13600- 13,800 yuan/ton.　　 The viscose staple fiber market was desolate, and there is still no sign of centralized procurement in the downstream. At present, the mainstream price of mid-range fiber market is 8400-8600 yuan/ton.　　 Today, the prices of various types of yarns have fallen to varying degrees. Among them, pure polyester yarn, polyester cotton yarn, and rayon yarn have fallen by 50 yuan/ton.　　 Today, the import cotton yarn market is generally trading, and prices are mainly stable. Traders' shipment speed is still not fast. Port inventory is mainly stable and wait-and-see mainly. The downstream cloth mills are severely divided in operation, and a small number of enterprises still need to work overtime to catch up. There are positive signs from the survey on the demand side. Ningbo clothing cotton yarn proofing orders have increased, and some traders' shipments are acceptable; the sales of grey fabrics in the Guangdong Zhongda market have improved and may slowly be transmitted to the weaving factories.　　 Today, the external price of imported yarn remains stable, orders are thin, and buyers are not willing to purchase. India's external disk prices remained stable, and some traders JC32S still reported US$2.36/kg, and RMB 19,700/ton after tax. Vietnam's external disk prices are stable but strong, and the spinning mills are not willing to make price concessions. The US dollar price is still under pressure, and some factories C32S still report 2.3-2.32 US dollars/kg, RMB 1.86-1.88 yuan/ton after tax. Pakistan's external disk prices are mainly stable, and the second-line trader's C10S price is 350-360 US dollars/piece, and the RMB after tax is about 156-1.6 million yuan/ton.　　 According to the statistics of the market volume of China Textile City, the total sales volume of grey fabrics today is 6.9 million meters, a decrease of 1.24 million meters from yesterday. Among them, 4.82 million meters of chemical fiber cloths were sold today, accounting for 69.8% of total sales, 330,000 meters of cotton cloths were sold, accounting for 4.8% of total sales, and rayon cloths were sold 740,000 meters, accounting for 10.7% of total sales. [Spread structure and arbitrage analysis] 　　 As of July 20, the domestic CY C32 price is 18,560 yuan/ton (-10), the Indian C32S price is 18,300 yuan/ton (0), the spread is 260, and the Vietnamese jet C32S price is 18,400 yuan/ton (0). ), the spread is 160, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On July 20, affected by cotton prices, the contract price of cotton yarn 09 fluctuated and fell. The highest price was RMB 19,330/ton, the lowest price was RMB 19,070/ton, and the closing price was RMB 19,265/ton, down 60 points from the previous trading day. The open interest was 7,857, an increase of 70 lots from the previous trading day.　　[Market Outlook]　　Today's cotton yarn CY009 contract 19265 yuan/ton. The cotton yarn spot market is not well traded, and the phenomenon of spinning enterprises' inventory accumulation is increasing, and the goods are sold at low prices. Insufficient orders from downstream weaving mills and increased production cuts and production stops. The cotton yarn market is expected to run weakly. Focusing on the 19200 frontline, it is recommended that speculators go short appropriately. (For reference only) Key words of the article: 　 Cotton Yarn Market