The market is picking up, and yarn sales are still weak

According to feedback from cotton traders and processing enterprises in Henan, Shandong, Hubei and other places, after the Dragon Boat Festival, Xinjiang cotton inquiries, transactions, and shipments have improved to a certain extent compared with June. 'Double 29High-quality and high-premium warehouse receipt cotton trading also bottomed out. On July 3, the quotation price of the 21-level 'double 29' machine picking cotton in Xinjiang's supervision library was 12,450-12650 yuan/ton, and the price of the 31-level 'double 28' machine picking cotton was 11900-12,000 yuan/ton, both of which were higher than the Dragon Boat Festival. It will be raised by RMB 200-300/ton before the holiday. And with the continuous rebound of ICE and Zheng Mian, the mentality of individual traders and ginners has also changed, and there is a phenomenon of reluctance to sell or deliberately increasing the price. In the past week, domestic cotton futures prices have continued to rebound, but consumer terminal prices and orders for grey cloths, textiles and garments have not improved. Spinning and weaving companies in some coastal areas have implemented joint production and price guarantees. Cotton consumption demand has continued to fall, and gauze mills’ profits have fallen. It even hangs upside down, so some small and medium-sized spinning mills are unable to do what they want because of 'being enemies'. Textile enterprises in Yancheng, Xuzhou, Jiangsu and other places reported that since late June, the demand for C32S and C40S high school carded yarns in Guangdong and Jiangsu and Zhejiang markets has also slowed down. The orders for cotton yarns of JC50S and above have not improved for 3 consecutive months, so the market expects In mid-to-late July, the number of textile companies that reduced production, took holidays or even stopped production may continue to increase. Article Keywords: 　Yarn Futures Market