The trading atmosphere in the cotton yarn market continued to weaken, and some prices declined weakly.

The trading atmosphere of the pure cotton yarn market continued to weaken, and some prices declined weakly. When the Dragon Boat Festival falls, downstream weaving factories will have more holidays, and demand will be further reduced. At present, the phenomenon of spinning mills to reduce and stop production is not widespread, and the inventory is still rising. If orders continue to fail to improve, the operating rate of spinning mills will also decline. It is expected that the cotton yarn market will continue to be weak in the short term. [Market Overview] 　　 Today's cotton spot price transaction has improved, and is better than the trading atmosphere when Zheng Cotton fell last Monday. Overall, it is mostly for textile enterprises to purchase; Zheng cotton futures fell slightly today, and CF2009 closed at 11,730 yuan/ton, down 180; CF2101 closed at RMB 12,285/ton, down 150.　　 Today, the price of direct-spun polyester staple is stable, trading is thin, and there is no inventory temporarily. The mainstream transaction center of semi-gloss 1.4D is around 5700-5900 yuan/ton. The quotation of pure polyester yarn in Fujian is temporarily stable, the mainstream price of T32S is 10,000-10200 yuan/ton, the quotation of polyester-cotton yarn in Fujian remains stable, and the mainstream price of TC65/35 32S is 14200-14300 yuan/ton.　　 The viscose staple fiber market is basically stable. Despite the poor downstream demand, some spinning mills intend to reduce production. The price of viscose factories has not changed much. The mainstream market price is 8700-9100 yuan/ton.　　 As the Dragon Boat Festival approaches, some areas have already started holidays. As the inventory is still available, yarn prices are currently running steadily.　　 Trading in the spot market for imported yarns is normal, and prices are mainly stable, with partial fluctuations. Traders are not shipping fast and inventories are rising, and the market as a whole is under pressure. The market is partially divided, and the markets in Weifang, Jinjiang and other places are still poor, and some are under pressure to cut prices and sell goods.　　 The external price of imported yarn remained stable, and the transaction was light. In the past two weeks, foreign trading has declined month-on-month, as China's downstream cotton fabric factories have entered the off-season, export orders have not been restored, and the exchange rate has not been able to stimulate purchases. India’s external US dollar prices remain stable, with C16S US$1.96-2.02/kg, and RMB 1.66-1.71 million/ton after tax. Vietnam’s external disk prices have risen steadily. Some traders’ C32S US dollar price is around 2.29 US dollars/kg, RMB 18,700 after tax, and cargo spot upside down is around 300 yuan/ton. Pakistan's external disk prices are mainly stable, and local traders' first-line Siro spinning C8S US dollar quotes are 355 US dollars per piece, and RMB 15,200 after tax per ton.　　 According to the China Textile City market transaction volume statistics, the total sales volume of grey fabrics today is 5.97 million meters, a decrease of 350,000 meters from yesterday. Among them, chemical fiber cloth sold 4.12 million meters today, accounting for 69% of the total sales volume, cotton cloth sold 310,000 meters, accounting for 5.2% of the total sales volume, and rayon cloth sold 590,000 meters, accounting for 9.9% of the total sales volume. [Spread structure and arbitrage analysis] 　　 As of June 22, the domestic CY C32 price is 18,600 yuan/ton (0), the Indian C32S price is 18,300 yuan/ton (0), the spread is 300, and the Vietnamese jet C32S price is 18,500 yuan/ton (0) , The spread is 100, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On June 22, the contract price of cotton yarn 09 fluctuated and fell. The highest price was 19370 yuan/ton, the lowest price was 19100 yuan/ton, and the closing price was 19105 yuan/ton, down 190 points from the previous trading day. The open interest was 8,217, an increase of 63 lots from the previous trading day.　　[Market outlook]　　Today's cotton yarn CY009 contract price fluctuated and fell. The trading atmosphere in the cotton yarn market continued to weaken, and some prices declined weakly. As the holiday approaches, downstream companies have more holidays, and cotton yarn prices are expected to run weakly. Focusing on the 18190 first-line support, speculators can go short appropriately. (For reference only) Key words of the article: 　棉纱