The yarn market is generally trading this week, and prices are expected to run steadily in the short term.

In terms of the epidemic, as of 16:26 on June 7th, US Eastern Time, the total number of confirmed cases worldwide reached 6,909,132, and the number of deaths was 397,789. Overseas; the latest data shows that in April, the US textile and apparel imports were 4.01 billion square meters, down 23.6% year-on-year, and down 4.2% month-on-month; among them, the volume from China was 1.47 billion square meters, down 31.6% year-on-year and up 56.8% month-on-month. . From January to April, the United States imported 18.67 billion square meters of textile and apparel, a year-on-year decrease of 13.9%; the total volume from China was 6.65 billion square meters, a year-on-year decrease of 27.5%. Affected by the epidemic, German fashion sales fell by 75-85% from April to May, and the British shoe and apparel market may lose more than 14 billion pounds this year. Domestic situation: According to the National Bureau of Statistics, the profits of industrial enterprises above designated size across the country fell by 27.4% from January to April 2020. The profits of the textile and apparel industry from January to April fell by 34.8%, but the profits of textile and clothing were in January to March. The decrease was 43.5%, and the decrease narrowed, indicating that the profit situation of the company has improved; the decrease in fabric output was 31.1% in January-March, and after April it also dropped to 29.1%. Although the change is relatively small, it can It reflects that the business situation of the enterprise is improving.　　Upstream: The spot price of cotton rose this week, but the downstream purchase transactions were extremely deserted. This week, direct-spun polyester staples moderately followed the rise in raw materials and then flattened, and sales were smooth. Viscose staple fiber continued to stand at a high stalemate this week, but showed a situation where there is no market in price.　　Yarn aspect: The overall transaction atmosphere of the pure cotton yarn market this week is not bad. Some textile companies have better orders, but the overall orders are weak and the prices are mostly stable. The rayon yarn market is relatively quiet this week. In terms of prices, the prices of various craft yarns have basically not changed much this week.　　 Downstream: New orders for cotton grey fabrics continue to decline, and those who have orders have also paid close attention to the shipment. There are holidays in some areas, so the grey fabric end start-up has dropped slightly, and the price of grey fabrics has dropped slightly. The market for rayon grey fabrics is mainly to maintain stability, and the actual transaction price is at a low level.　　 In general, the price of pure cotton yarn remained stable this week, the prices of rayon and polyester-cotton yarns remained stable, the prices of pure polyester and polyester-viscose yarns rose, and the prices of cotton viscose yarns fell. The off-season atmosphere has increased, and downstream companies are not willing to purchase. 　　[Market Overview]　　 The overall transaction atmosphere in the cotton yarn market is average. Some textile companies have better orders, but the overall order is weak. The price of polyester staples rises with the rise of raw materials, and the price of viscose remains stable.　　 This week, the price of pure cotton yarn remained stable, the prices of rayon yarn and polyester cotton yarn remained stable, the prices of pure polyester yarn and polyester viscose yarn rose, and the price of cotton viscose yarn fell. The off-season atmosphere increases, and downstream companies are not willing to purchase.　　 In terms of the grey fabric market, according to the China Textile City market transaction volume statistics, the total sales volume of grey fabrics this week was 36.33 million meters, an increase of 6.33 million meters from last week. Among them, chemical fiber cloth sold 22.96 million meters this week, accounting for 63.7% of total sales, cotton cloth sold 2.71 million meters, accounting for 6.78% of total sales, and rayon cloth sold 4.58 million meters, accounting for 11.5% of total sales. Compared with last week, grey cloth inventory increased slightly this week. [Spread structure and arbitrage analysis] 　　 As of June 5, the domestic CY C32 price is 18,700 yuan/ton (0), the Indian C32S price is 18,300 yuan/ton (0), the spread is 400, and the Vietnamese jet C32S price is 18,480 yuan/ton (0) , The spread is 220, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 The contract price of cotton yarn CY009 fluctuated up this week, and the contract price of CY009 on June 5 increased by 400 yuan/ton from last Friday. The CY009 contract price fluctuated between 18985-20445 yuan/ton, the highest price was 19670 yuan/ton, and the lowest price was 198985 yuan/ton. On June 5, the CY009 contract open interest was 9215, an increase of 26 hands from the previous trading day.　　[Market outlook] 　　 The contract price of cotton yarn CY009 fluctuated up this week, with an operating range of 18985-20445 yuan/ton. This week, the cotton yarn market was generally trading, and companies focused on destocking. The recovery of foreign trade orders was not as expected, and prices remained stable. The inventory of textile enterprises has an increasing trend, and prices are mainly expected to remain stable in the short-term. It is advisable for speculators to wait and see. (For reference only) Key words of the article: 　 Yarn Market