The cotton yarn market maintains light transactions, cotton yarn purchases are mainly wait-and-see, foreign epidemics rebound, the demand side is still not optimistic

The cotton yarn market continued to be lightly traded, the delivery speed slowed down, and many textile companies followed the market to deliver goods. Orders placed in the off-season are obviously insufficient, and textile companies have barely maintained their start-ups, and some production has been cut and stopped, and some varieties of inventory are under pressure. Downstream weaving mills lack orders and mainly wait and see for cotton yarn purchases. Recently, the foreign epidemic situation has rebounded, and the recovery of consumer demand is still not optimistic. It is expected that the weakness of the cotton yarn market will continue. [Market Overview] 　　 Today's cotton spot trading remains light, and there are still cotton spot resources sold in the form of a locked basis in the market; current pending orders are still mostly held at CF09 contract 11600 and below, but the pending order point is temporarily at CF09 contract 11800 -11900 interval.　　 Today, the direct-spun polyester short quotes are slightly lowered, the production and sales are light, and there are fewer orders. The semi-gloss 1.4D mainstream transaction center is around 5400-5600 yuan/ton. The price of pure polyester yarn in Fujian dropped. T32S mainstream negotiating was 9500-9700 yuan/ton. Shandong polyester-cotton yarn quotation remained stable. TC65/35 32S mainstream reported 14000-14200 yuan/ton. Yesterday, Sateri Jiujiang was affected by the flood conditions and the whole line was stopped. Affected by this, the shipment was partially tight. The company's sales policy is relatively stable, and the quotations of other factories have not changed significantly. The current net price of fiber is difficult to exceed 9,000 yuan/ton, and the mid-end fiber is mostly below 8,700 yuan/ton.　　 Today's yarn end transactions are light, there is a lack of new orders downstream, basically just need to purchase, and various yarns are running weakly.　　 Today, the spot market for imported cotton yarn is lightly traded, the price is stable but weak, and the market is partially selling. The appreciation of the renminbi, the improvement of traders' profits, the reduction of the loss of the previous loss-making resources, and the motivation of traders to diversify their funds.　　 The external price of imported yarn remained stable, and the transaction was light. China's demand has not changed much, and it is hesitant to purchase yarn from various countries. Indian external prices remained stable, and some combed yarn mills started to increase because of the continued order transactions in Europe. The local good quality JC32S offers a higher price, at US$2.45/kg, and RMB 20,400/ton after tax. The outer plate prices of Yue Yarn remained stable, and under the support of U.S. cotton prices, the profit of spinning mills fell rapidly. Some C32S rapiers are quoted in US$2.25/kg, and RMB 18,200/ton after tax. Pakistan’s external price remained stable, and the second-line trader Siro Textile’s C10S quoted a price of US$350/piece, and RMB 15,600/ton after tax.　　 According to the China Textile City market transaction volume statistics, the total sales volume of grey fabrics today was 7.52 million meters, a decrease of 130,000 meters from yesterday. Among them, chemical fiber cloth sold 5.04 million meters, accounting for 67% of total sales, 420,000 meters of cotton cloth, accounting for 5.6% of total sales, and rayon cloths, 910,000 meters, accounting for 12.1% of total sales. [Spread structure and arbitrage analysis] 　　 As of July 9, the domestic CY C32 price is 18,580 yuan/ton (0), the Indian C32S price is 18,300 yuan/ton (0), the spread is 280, and the Vietnamese jet C32S price is 18,380 yuan/ton (0) , The spread is 200, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On July 9, the contract price of cotton yarn 09 fluctuated and rose. The highest price was 19,525 yuan/ton, the lowest was 19,315 yuan/ton, and the closing price was 19,500 yuan/ton, which was an increase of 180 points from the previous trading day. The open interest was 7,944, which was 21 hands less than the previous trading day.　　[Market Outlook] 　　Affected by cotton prices, today's cotton yarn CY009 contract price fluctuated and rose. Cotton yarn market prices continue to operate weakly, the downstream market has insufficient orders, and some production stops. The cotton yarn market is expected to operate weakly. It is advisable for speculators to wait and see. (For reference only) Key words of the article: 　Cotton Yarn Market