Trading in the cotton yarn market is sluggish, and prices are stable and mainly falling. Some downstream textile companies have plans to reduce production. It is expected that cotton yarn prices will weaken in the short term

The trading atmosphere of the pure cotton yarn market is sluggish, and prices are stable and mainly falling. The actual orders can be negotiated according to the quantity. However, the lack of downstream orders makes manufacturers lack of confidence. According to the survey, some textile companies still have plans to further reduce production to cope with rising inventories And financial pressure. The current pure cotton carded yarn shipments are not as good as the previous ones, but they are generally better than open-end spinning and high-count yarns. [Market Overview] 　　 Today, the overall cotton spot trading is stable. The current demand for mainstream orders is between 11850 and 11900 in the CF09 contract. Last night, Zheng cotton futures fluctuated and closed up. CF2009 closed at 11975 yuan/ton, up 40; CF2101 closed at 12555 Yuan/ton, up 45. Today, Zheng cotton futures oscillated and closed up. CF2009 closed at 11965 yuan/ton, an increase of 30; CF2101 closed at 12,550 yuan/ton, an increase of 40. The price support of polyester staple is strong, Jiangsu direct spinning polyester staple maintains stability, semi-gloss 1.4D mainstream 5250-5350 yuan/ton, Zhejiang region vortex spinning pure polyester yarn T30S mainstream 9800-10200 yuan/ton, Shandong polyester-cotton yarn TC65/35 32S mainstream Discuss 13,500-13800 yuan/ton.　　 Today's 1.2D sticky short is 8350 yuan/ton, the price has not changed significantly, the mainstream market transaction is 8300-8500 yuan/ton.　　 Today, except for pure polyester yarn and polyester-cotton yarn, the prices of all kinds of yarns fell mainly, with a decrease of 5 yuan/ton.　　 Trading in the spot market of imported cotton yarn is stable today, and the shipment volume of traders is still not large. The arrivals to the port in July are still considerable, traders passively increase their inventory, and the port inventory rises to a high level. At present, the demand is still weak, and the market has not seen any significant improvement. Many traders and cloth mills are pessimistic about the August market. The cost of resources arriving in Hong Kong from June to July is relatively low, traders can maintain a certain profit, and the market sales pressure is relatively high, but the market sentiment is acceptable.　　 The external price of imported yarn is stable but weak. The Indian external price is mainly stable. Trader JC32S negotiated a price of 2.36 US dollars/kg, and RMB 19,800 after tax. Vietnam's external price is weak, the factory C21S jet can float at US$2.07/kg, and RMB 16,800/ton after tax. Pakistan's external disk prices remained stable, and some second-line Siro spinning C10S US dollars were quoted at 360 yuan/piece, and RMB 1.61/ton after tax. The transaction was light.　　 According to the China Textile City market transaction volume statistics, the total sales volume of grey fabrics today is 6.13 million meters, a decrease of 450,000 meters from yesterday. Among them, chemical fiber cloth sold 4.51 million meters, accounting for 73.6% of total sales, 330,000 meters of cotton cloth, accounting for 5.4% of total sales, and rayon cloths, 490,000 meters, accounting for 8% of total sales. [Spread structure and arbitrage analysis] 　　 As of July 28, the domestic CY C32 price is 18,450 yuan/ton (-5), the Indian C32S price is 18,300 yuan/ton (0), the spread is 155, and the Vietnamese jet C32S price is 18,380 yuan/ton (0). ), the spread is 165, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On July 28, affected by cotton prices, the price of cotton yarn 09 contract fluctuated and fell. The highest price was 19080 yuan/ton, the lowest price was 18960 yuan/ton, and the closing price was 18990 yuan/ton, which was a decrease of 25 points from the previous trading day. The position held was 7964, which was 67 hands less than the previous trading day.　　[Market outlook]　　The closing price of cotton yarn CY009 contract today is 18990 yuan/ton. Trading in the cotton yarn market continues to be light, and the phenomenon of spinning enterprises' inventory accumulation has increased. The current yarn disk price is in a historical position, and downstream enterprises can stock up on demand. Short-term bearishness, it is recommended that speculators pay attention to the pressure of 18,900, and they can go short appropriately. (For reference only) Key words of the article: 　 Cotton Yarn Market