Trading in the cotton yarn market is sluggish, downstream weaving factories are difficult to receive orders, cotton yarn manufacturers are weak and the market is at a loss

The overall cotton yarn market is sluggish, with old customers taking a small amount of goods, and the price is stable and declining. Entering the off-season, textile enterprises' orders are obviously insufficient, and the mentality of destocking at the price is the main. Downstream weaving mills are difficult to receive orders, and the production of conventional quality is maintained. Pure cotton yarn is purchased cautiously, and it is mainly used as it is used. The epidemic has reduced consumers' willingness to consume non-essential clothing items, and the market is not optimistic about the market. It is expected that the pure cotton yarn market will maintain a weak trend.　　 [Market Overview] 　　 The overall cotton spot trading today is better than yesterday, and the atmosphere of inquiries and pending orders has remained stable today. The point of pending orders has moved slightly down to around 11700~11800 in the CF09 contract compared with yesterday. Zheng cotton futures fluctuated and closed up yesterday. CF2009 closed at 12,050 yuan/ton, up 25; CF2101 closed at 12,625 yuan/ton, up 25. Today, Zheng cotton futures fluctuated and closed down. CF2009 closed at 11,950 yuan/ton, down 75; CF2101 closed at 12,535 yuan/ton, down 65.　　 Today, the direct-spun polyester short quotes are slightly lowered, and the downstream delivery is not active. The semi-gloss 1.4D mainstream transaction center is around 5400-5600 yuan/ton. The quotation of pure polyester yarn vortex spinning in Jiangsu area is lowered, the mainstream of T30S is quoted at around 10,000 yuan/ton, the quotation of Shandong polyester-cotton yarn is stable, and the mainstream of TC65/35 32S is quoted at 14,000-14200 yuan/ton.　　 The market price of viscose staple fiber dropped slightly. The price of 1.2D viscose staple fiber was 9,000 yuan/ton, and the high-end fiber was around 9,000-9100 yuan/ton.　　 The rayon yarn market is sluggish, and the price drops slightly. The prices of other craft yarns remain low, and there is a lack of downstream orders. Basically, just need to purchase.　　 Today, the spot market for imported cotton yarns is lightly traded. With strong cotton prices and weak demand, traders offer different prices, and the sound of market dumping and price increases coexist. Overall, the price of cotton yarn remained stable, and there was no deep decline.　　 The quotations of imported yarns on the outer plate have steadily increased, but the focus of some buyers' bids has shifted downward. There are a small number of new orders in the outer plate, and old customers mainly purchase. India's external disk prices remained stable, the export of rotor spinning and carding was slow, and there was a small number of transactions in combed yarns. Trader JC32S is quoted at US$2.36/kg, and RMB 19,900/ton after tax. Vietnam’s external disk prices remain stable, and some spinning mills have a 5-7 day holiday plan this month. The price of C32S jet in USD is around 2.3 USD/kg, and RMB 18,800/ton after tax. Pakistan’s external disk prices have risen steadily. Carded prices have increased significantly due to local demand. The quotations of some Siro textiles have also risen slightly. However, the negotiated price of C10S is still US$340/piece, which is about 15,300 yuan/ton after tax.　　 According to the statistics of the market volume of China Textile City, the total sales volume of grey fabrics today was 6.87 million meters, a decrease of 490,000 meters from yesterday. Among them, chemical fiber cloth sold 4.75 million meters today, 210,000 meters less than yesterday, accounting for 69.1% of total sales. [Spread structure and arbitrage analysis] 　　 As of July 7, the domestic CY C32 price is 18,580 yuan/ton (0), the Indian C32S price is 18,300 yuan/ton (0), the spread is 280, and the Vietnamese jet C32S price is 18,380 yuan/ton (0) , The spread is 200, and there is no arbitrage opportunity.　　 [Technical Analysis] 　　 On July 7, the contract price of cotton yarn 09 fluctuated and fell. The highest price was 19470 yuan/ton, the lowest price was 19215 yuan/ton, and the closing price was 19280 yuan/ton, which was a decrease of 159 points from the previous trading day. The position held was 8532, which was 27 lots less than the previous trading day.　　[Market outlook]　　Today's cotton yarn CY009 contract price fluctuated and fell. The cotton yarn spot market is sluggish, and downstream shipments are slow. Recently, the price decline in the yarn market has slowed down, and the market mentality is still cautiously bearish. It is recommended to pay attention to the 19,000 first-line support, and speculators can go short appropriately. (For reference only) Key words of the article: 　Cotton Yarn Market