The trading atmosphere in the cotton yarn market continues to weaken, foreign trade orders recover slowly, and the market is still not optimistic about future orders

The cotton yarn market continues to be lightly shipped, transactions are still scarce, and textile companies mainly sell goods at the same price. After the resumption of work abroad, the epidemic situation has rebounded, foreign trade orders have recovered very slowly, the market has a strong off-season atmosphere, and textile enterprises have slowly accumulated inventory. Downstream weaving mills have a serious shortage of orders. Many weaving mills have a holiday plan for the Dragon Boat Festival. Low-priced cotton yarns cannot drive purchases, and weaving mills still buy as they go. The market is still not optimistic about future orders, and a few textile companies also have plans for the Dragon Boat Festival holiday. It is expected that the pure cotton yarn market will continue to be light.　　 [Market Overview] 　　 Today, cotton spot price transactions are still active, and the inquiries and pending orders remain stable. After Zheng Cotton fell in midday trading, some of the pending orders were swept away or were directly traded at the current price. The remaining pending orders are mostly in the 11500-11655 range of CF09 contract. Yesterday night Zheng cotton futures rose and fell sharply. CF2009 closed at 11,735 yuan/ton, up 5; CF2101 closed 12280 yuan/ton, down 5. Today, Zheng cotton futures fluctuated and fell. CF2009 closed at 11,670 yuan/ton, down 60; CF2101 closed at 12,225 yuan/ton, down 60.　　 Today, the price of direct-spun polyester staple dropped slightly, trading was thin, and there was too much shortage or no inventory. The mainstream transaction center of semi-gloss 1.4D was around 5600-5800 yuan/ton. The quotation of pure polyester yarn in Jiangxi remained stable, and the mainstream T32S was 9800-9900 yuan/ton. The sales of polyester-cotton yarn in Jiangxi were stable, and the mainstream TC65/35 32S was quoted at 14200-14300 yuan/ton.　　 The viscose staple fiber market was generally stable yesterday. Downstream spinning mills in Zhejiang and Jiangsu have recently expanded their production due to orders and the high temperature and humidity conditions, resulting in insufficient demand and slowing down of the execution speed of some pre-orders.　　 Pure polyester yarn declined slightly with the price of raw materials, while the prices of other yarns maintained stable operation.　　 Today, the import cotton yarn market is generally trading, and the price of cotton yarn is stable but weak, and some prices are lowered and the goods are sold. Before the Dragon Boat Festival, the downstream stocks were light, and traders were actively selling, but the sales situation was not good, the number of arrivals increased, traders were unwilling to enter the warehouse, and market prices were under pressure.　　 Today, the external price of imported yarn remains stable, and the transaction is light. The orders of domestic cloth factories are not good, and the sentiment of the external purchase of imported yarn is not high. India's external disk prices remain stable, and the spinning mills believe that there is little room for price increases in printed yarns in the future. The local trader JC26S quoted at US$2.32/kg, and RMB 19,600/ton after tax. Vietnam’s external disk prices remain stable, and there are not many inquiries. The price of some C32S arrow shafts is US$2.25/kg, and the RMB after tax is about 18,400 yuan/ton. Pakistan's external disk prices are mainly stable. The second-line Siro spinning C10S US dollar transaction price is about 340 US dollars/piece, and the RMB after tax is about 15,300 yuan/ton.　　 According to the statistics of the market volume of China Textile City, the total sales volume of grey fabrics today is 6.49 million meters, an increase of 520,000 meters from yesterday. Among them, chemical fiber cloth sold 4.26 million meters today, accounting for 65.6% of the total sales volume, cotton cloth sold 450,000 meters, accounting for 6.9% of the total sales volume, and rayon cloth sold 620,000 meters, accounting for 9.6% of the total sales volume. [Spread structure and arbitrage analysis] 　　 As of June 23, 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 18,450 yuan/ton (-50). ), the spread is 150, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On June 23, the contract price of cotton yarn 09 fluctuated and fell. The highest price was 19150 yuan/ton, the lowest price was 19035 yuan/ton, and the closing price was 19060 yuan/ton, down 45 points from the previous trading day. The open interest was 8089, which was 65 hands less than 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 foreign trade orders improved, but not obvious. The market is not optimistic about the market outlook, and cotton yarn prices are expected to run weakly. It is advisable for speculators to wait and see. (For reference only) Key words of the article: 　Cotton Yarn Market