The cotton yarn market is weak, and the textile enterprises have insufficient orders. It is expected that the cotton yarn market will continue to weaken

Trading in the cotton yarn market appeared to be weak, and prices remained stable but declined. Many textile companies said that it is difficult to connect orders, and many of them have losses, and their operating pressure has doubled. Terminal clothing orders are weak, downstream holidays are increasing, and the demand for pure cotton yarn is weakening. It is expected that the pure cotton yarn market will continue to weaken.　　 [Market Overview] 　　 Today's cotton spot price transaction inquiries are weaker than yesterday, and the current urgent pending orders are in the 11500-11700 range of the CF09 contract. Today, Zheng cotton futures rose slightly. CF2009 closed at 11,835 yuan/ton, up 120; CF2101 closed at 12,370 yuan/ton, up 155.　　 Today, the price of direct-spun polyester staple is stable, and the mainstream transaction center of semi-gloss 1.4D is around 5700-5900 yuan/ton. The quotation of Hubei pure polyester sewing thread is stable, 40S/2 loose tube mainstream is at 14,200-14800 yuan/ton, and the price of polyester-cotton yarn in Fujian is stable, and JTC65/35 32S mainstream is at around 15,000 yuan/ton.　　 The viscose staple fiber market is still weak, and the transaction of high-end fiber drops to around 9,120 yuan/ton.　　 The price of cotton yarn dropped slightly today, and the prices of other yarns maintained stable operation.　　 Today, the spot market for imported cotton yarns is lightly traded, and prices remain stable. The market demand has collapsed significantly, and the bearish sentiment on cotton yarn has increased significantly. With the exception of the better start-ups in Jiangsu and Zhejiang, the start-ups in the northern and Guangdong regions have dropped significantly compared to the previous period.　　 Today, the external market for imported yarns is relatively stable, with a small amount of goods being sold locally. The phenomenon of production reduction and holiday holidays in downstream cloth factories is increasing, and it is expected that external purchases will hardly pick up, and prices are likely to remain stable and weak. India’s external disk prices remained stable, with fewer transactions. Traders' C16S US dollar price was 1.94 US dollars/kg, and the RMB after tax was about 16,400 yuan/ton. Vietnam’s external disk prices remain stable, and some traders’ C32S floatable US dollar quotations are on the high side, at US$2.28-2.33/kg, and RMB 186,000/ton after tax. Pakistan's external price is stable but weak, the second-line Siro spinning C10S is around 1.9 US dollars/kg, and the RMB after tax is 15500 yuan/ton.　　 According to the statistics of the market volume of China Textile City, the total sales volume of grey fabrics today is 5.83 million meters, an increase of 320,000 meters from yesterday. Among them, chemical fiber cloth sold 3.94 million meters today, accounting for 67.6% of the total sales, 410,000 meters of cotton cloth, accounting for 7% of the total sales, and 600,000 meters of rayon cloth, accounting for 10.3% of the total sales. [Spread structure and arbitrage analysis] 　　 As of June 16, the domestic CY C32 price is 18650 yuan/ton (-50), the Indian C32S price is 18,300 yuan/ton (0), the spread is 350, and the Vietnamese jet C32S price is 18,500 yuan/ton (20 ), the spread is 150, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On June 16, the contract price of cotton yarn 09 fluctuated and rose. The highest price was RMB 19,220/ton, the lowest price was RMB 18,990/ton, and the closing price was RMB 19,155/ton, which was an increase of 135 points from the previous trading day. The open interest was 8513, an increase of 51 lots from the previous trading day.　　[Future Outlook]　　The price of cotton yarn CY009 contract surged up today. In the cotton yarn market, the transaction is light, the textile enterprises have difficulty in connecting orders, and they often lose money and sell goods. The business pressure of enterprises is relatively high. It is expected that the cotton yarn market will continue to decline, and speculators are advised to wait and see. (For reference only) Key words of the article: 　Cotton Yarn Market