The stock of unsold yarns and fabrics on the Chinese market rises

In recent days, the sales of yarns and fabrics in the Chinese domestic market have dropped significantly, mainly due to the decline in demand from downstream sectors. According to the latest survey of the National Cotton Distribution Monitoring System, the current national yarn and fabric sales rate is only 92.5%, which is lower than the 2008 financial crisis. At the same time, the fabric sales rate has deteriorated to 81.3%, which is 97.6 compared to the average sales rate of the past three years. % Decreased by 16.3 percentage points. A one-percent drop in sales rate will be directly reflected through inventory. The country’s fabric inventory has increased by 25 days over the average of the past three years. This is the highest level since 2008. The high inventory of consumer terminals will prevent cotton prices from rising in the near future.