The cotton yarn market is relatively deserted. Spinning companies are mainly buying goods at the same price. Downstream production cuts are common. Cotton yarn is expected to run weakly in the short term

Zheng cotton futures skyrocketed in the intraday and fell back in late trading, and textile enterprises mainly purchase by wait and see. Downstream weaving mills generally reduce production and stop production, and large factories in some areas have also experienced production reductions. Cotton yarn is mostly used and bought. The cotton yarn market has relatively light transactions, even if the price is reduced, the shipment is not fast. Demand will not improve in the short term. The market is relatively pessimistic about the market outlook. It is expected that the transaction of pure cotton yarn will continue to remain light, and the textile enterprises will mainly sell goods at the same price.　　 [Market Overview] 　　 The overall cotton spot transaction was light today, and today's price inquiries and pending orders were deserted. The mainstream pending orders remained stable, but the rigidly required pending orders were mostly in the 11800-11900 range of the CF09 contract. Zheng cotton futures fluctuated and closed up yesterday. CF2009 closed at 12,100 yuan/ton, up 20; CF2101 closed at 12,680 yuan/ton, up 25. Today, Zheng cotton futures rose and fell. CF2009 closed at 12,165 yuan/ton, up 85; CF2101 closed at 12,745 yuan/ton, up 90.　　 Today's direct-spun polyester short quotation maintains stability, and the semi-gloss 1.4D mainstream transaction center is around 5200-5300 yuan/ton. Fujian pure polyester yarn sales are flat, T32S mainstream is 9200-9400 yuan/ton, Fujian polyester-cotton yarn, CVC60/40 32S mainstream is 16000-16100 yuan/ton.　　 Today's 1.2D sticky short is 8400 yuan/ton, the higher mid-end quotation is still around 8500 yuan/ton, and the lower firm offer is temporarily at the level of 8300 yuan/ton.　　 Today, the prices of various yarns are maintaining stable operation. The price of rayon yarn has fallen by 15 yuan/ton, and the price of pure polyester yarn has fallen by 50 yuan/ton.　　 Today, the spot market for imported cotton yarn is generally trading, but the market is still very poor, and some prices are falling. Cloth factories in various regions maintained a low start-up position, and traders partially dumped goods. In the current market, the stocks of black yarn and Indian yarn are relatively high, and the prices are falling. The price of black yarn arrow shaft joint quality C32s in Jiangsu and Zhejiang is around 17,500 yuan/ton with tax; the top knitting price of Indian JC32s in Guangdong is around 20,500 yuan/ton. Inventories of Vietnamese yarn and Pakistani cotton yarn have declined, and prices have remained stable.　　 Today, the external price of imported yarn is mainly stable, and the spot inventory of imported yarn is rising, and traders are not willing to replenish goods. India’s external disk prices have remained stable, with the factory’s C21S quotation at USD 2-2.02/kg, and RMB 1.68-16.9 million/ton after tax. Vietnam's external disk prices remained stable, with a small amount of goods being sold. Some traders C32S can still quote USD 2.3/kg, and RMB 18,600/ton after tax. Pakistan’s external prices remained stable. Some traders still quoted $350 for C10S for C10S per piece, and RMB 15,600 per ton after tax.　　 According to the statistics of the market volume of China Textile City, the total sales volume of grey fabrics today is 7.32 million meters, an increase of 150,000 meters from yesterday. Among them, chemical fiber cloth sold 5.2 million meters today, accounting for 71.0% of total sales, cotton cloth sold 390,000 meters, accounting for 5.3% of total sales, and rayon cloth sold 730,000 meters, accounting for 10.0% of total sales. [Spread structure and arbitrage analysis] 　　 As of July 22, the domestic CY C32 price is 18,555 yuan/ton (-95), the Indian C32S price is 18,300 yuan/ton (0), the spread is 165, and the Vietnamese jet C32S price is 18,380 yuan/ton (- 20), the spread is 175, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On July 22, affected by cotton prices, the price of cotton yarn 09 contract fluctuated and fell. The highest price was 19580 yuan/ton, the lowest price was 19150 yuan/ton, and the closing price was 19230 yuan/ton, a decrease of 75 points compared with the previous trading day. The open position was 7754, which was a decrease of 21 lots compared with the previous trading day.　　[Market outlook]　　The closing price of cotton yarn CY009 contract today is 19230 yuan/ton. The cotton yarn spot market is still poorly traded, and textile companies follow the price. Downstream weaving mills generally reduce and stop production. The cotton yarn market is expected to run weakly. Pay attention to the 19200 line, and it is recommended that speculators go short appropriately. (For reference only) Key words of the article: 　Cotton Yarn Market