Trading in the cotton yarn market is sluggish, textile companies cut prices and move goods to inventory, weaving mills’ operating rates continue to decline, and the market outlook is pessimistic about the market.

Recently, the trading atmosphere in the pure cotton yarn market has continued to be sluggish, and textile companies can only sell a small amount of goods if they cut prices. Downstream orders are seriously insufficient, weaving mills lack confidence, and are very indifferent to low-cost cotton yarn purchases due to the downgrade of the start-up. It is reported that the current inventory pressure of textile enterprises is rising, and the financial pressure is generally greater. Some textile enterprises still have plans to further reduce production and limit production. The local recurrence of the domestic epidemics in Xinjiang and Liaoning has caused market concerns. The market outlook is not optimistic. It is expected that the cotton yarn market will remain weak. [Market Overview] 　　 Today, the overall cotton spot transaction is stable, and the spot price just needs pending orders are mostly in the 11700-11900 range of the CF09 contract, and a small amount is traded at the current price in the 11930-12000 range. The Zheng cotton futures fluctuated and closed down yesterday. CF2009 closed at 11945 yuan/ton. , Down 20; CF2101 closed at 12,535 yuan/ton, down 15. Today, Zheng cotton futures rose in late trading, CF2009 closed at 12,070 yuan/ton, up 105; CF2101 closed at 12,660 yuan/ton, up 110.　　 Jiangsu direct spinning polyester short semi-gloss 1.4D mainstream is 5250-5350 yuan/ton, Jiangxi pure polyester yarn, T32S mainstream is 9300-9600 yuan/ton. The mainstream price of T/C yarn TC65/35 32S in Jiangxi area is 13,600-13800 yuan/ton.　　 The trading atmosphere of rayon yarn is insufficient, and the price is obviously lowered. The 1.2D sticky short is 8350 yuan/ton, and the price has not changed significantly. The mainstream market transaction is 8300-8500 yuan/ton.　　 Today, the prices of various yarns are maintaining stable operation.　　 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 has remained stable, and Vietnam has successively received a small number of new orders. India and Pakistan have difficulty selling to China due to the inverted prices of most varieties. The prices of Indian external disks have risen steadily. Carded prices have recently been relatively strong. Some traders C32S Jet US Dollars reported 2.3 USD/kg, and RMB 19,300 after tax. Vietnam's external disk prices remain stable, and the negotiated price of C32S jet floats is US$2.25/kg, and RMB 18,200/ton after tax. Pakistan's external disk is stable, spinning mills are running high, and some factories say that Pakistan has more orders for downstream bed sheets, so yarn demand is better.　　 According to the China Textile City market transaction volume statistics, the total sales volume of grey fabrics today is 6.45 million meters, a decrease of 320,000 meters from yesterday. Among them, chemical fiber cloth sold 4.79 million meters today, accounting for 74.3% of total sales, cotton cloth sold 420,000 meters, accounting for 6.5% of total sales, and rayon cloth sold 320,000 meters, accounting for 5% of total sales. [Spread structure and arbitrage analysis] 　　 As of July 29, the domestic CY C32 price is 18,450 yuan/ton (0), 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 29, affected by cotton prices, the contract price of cotton yarn 09 fluctuated and fell. The highest price was RMB 19,055/ton, the lowest price was RMB 18,910/ton, and the closing price was RMB 19,030/ton, an increase of 40 points from the previous trading day, and the open interest was 7,745, which was a decrease of 219 lots from the previous trading day.　　[Market outlook]　　The closing price of cotton yarn CY009 contract today is 19,030 yuan/ton. Trading in the cotton yarn market continues to be light, and spinning companies have cut prices to remove inventories. At present, the yarn disk price is in a historical position, and downstream companies 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