The overall cotton yarn spot market is poorly traded, and textile companies are seriously lacking in orders, and cotton yarn prices are mainly down

The overall trading volume of the cotton yarn market was weak, all varieties performed poorly, and prices mainly fell. At present, textile enterprises are seriously lacking in orders and losing money. However, due to inventory pressure, prices are cut and sales are still sluggish. Downstream weaving mills continue to be in the doldrums, and cotton yarn purchases are mainly purchased and used. It is expected that pure cotton yarn will maintain a weak operation in the future.　　 [Market Overview] 　　 Today, cotton spot transactions have slightly improved, mostly due to the increase in spot prices, and the price transactions are relatively thin. Today's cotton spot price transaction is slightly better than yesterday, mostly because some pending orders were swept away after Zheng Cotton's main contract fell, but the transaction volume was lower than this Tuesday. Zheng cotton futures fluctuated and closed down yesterday. CF2009 closed at 12,055 yuan/ton, down 25; CF2101 closed at 12,655 yuan/ton, down 15. Today, Zheng cotton futures fell slightly, CF2009 closed at 11950 yuan/ton, down 130; CF2101 closed at 12545 yuan/ton, down 125.　　 Today, the direct-spun polyester short quotes are temporarily stable, but the production and sales are still light, and there is no sign of improvement. The semi-gloss 1.4D mainstream transaction center is around 5250-5350 yuan/ton. The quotations of pure polyester yarn vortex spinning in Jiangsu and Zhejiang are lowered. T30S mainstream prices are around 9500-10000 yuan/ton. Shandong polyester-cotton yarn sales are flat, and TC65/35 32S mainstream talks are 13500-13800 yuan/ton.　　Viscose staple fiber has worsened yesterday. The high-end fiber maintains a high price of 8,700 yuan/ton. The mid-range fiber is also relatively weak, and the mainstream price is not higher than 8,600 yuan/ton.　　 Today, the prices of carded 32-count cotton yarn and rayon yarn have fallen, and the prices of other yarns have been weak.　　 The spot market for imported yarn was lightly traded, and the price was downcast. The current market supply is loose, the demand is very weak, the cloth factory start-up is in the middle of the month, and the short-term price is expected to remain weak. At present, the demand-side reputation is showing significant signs of recovery. Traders are mainly waiting and watching, and orders in the market outlook remain light. At least after the market improves, traders will gradually ship products before the market will gradually start follow-up orders.　　 The external US dollar price of imported yarn has remained stable, and it is difficult for downstream fabric factories to recover orders. Imported yarn will continue to arrive in Hong Kong. The domestic market has recently held a wait-and-see attitude towards the purchase of imported yarn. The prices of Indian external disks remained stable, with the factory compact spinning at US$2.43/kg, and RMB 20,300/ton after tax. The transaction was light. Vietnam’s external quotations remain stable, combed varieties are still poor, and the demand for carding continues. OEC16S in some factories can be quoted at 1.57 US dollars/kg, and RMB 12,800 after tax/ton. Pakistan’s external disk prices are mainly stable. Traders' general-quality Sirotextile C10S is quoted at US$345-350/piece, and RMB 1.54-157 million/ton after tax.　　 According to the statistics of the market volume of China Textile City, the total sales volume of grey fabrics today is 7.4 million meters, a decrease of 210,000 meters from yesterday. Among them, chemical fiber cloth sold 5,210,000 meters, accounting for 70.4% of total sales, 340,000 meters of cotton cloth, accounting for 4.6% of total sales, and rayon cloth, 780,000 meters, accounting for 10.5% of total sales. [Spread structure and arbitrage analysis] 　　 As of July 16, the domestic CY C32 price is 18570 yuan/ton (-5), the Indian C32S price is 18,100 yuan/ton (-100), the spread is 470, and the Vietnamese jet C32S price is 18,400 yuan/ton ( 0), the spread is 170, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On July 16, affected by cotton prices, the price of cotton yarn 09 contract fluctuated and fell. The highest price was 19460 yuan/ton, the lowest price was 19260 yuan/ton, and the closing price was 19325 yuan/ton, a decrease of 85 points from the previous trading day. The open interest was 7,667, a decrease of 163 lots from the previous trading day.　　[Market outlook]　　Affected by cotton prices, today’s cotton yarn CY009 contract is 19325 yuan/ton. The cotton yarn spot market is not well traded, and textile companies cut prices and sell goods, and losses are more serious. Downstream weaving mills mainly buy and use yarn at any time. Under the off-season market, the cotton yarn market is expected to run weakly. Pay attention to the 19200 line, and speculators are advised to go short. (For reference only) Key words of the article: 　Cotton Yarn Spot Market