According to feedback from cotton spinning mills in Henan, Shandong, Hebei and other places, the contract price of Zheng Cotton CF2201 has recovered to the 18,000 yuan/ton mark, and cotton yarn quotations have begun to stop falling and stabilize. Due to inquiries from downstream weaving mills and traders in various light textile markets, They are still not active in getting goods, and it is not smooth for small and medium-sized cotton spinning mills to receive new orders. Judging from the survey, the production and sales situation of open-end spinning OE8S-OE21S yarn since late August is slightly better than that of ring spinning yarn, and the order intake of high-count combed yarn of 60S and above is stronger than that of C21S-C40S carded yarn.
A medium-sized yarn mill in Henan stated that the recent shipments of 32S and 40S knitted yarn in light textile markets such as Foshan and Zhongshan in Guangdong have been relatively slow, and weaving companies have been more cautious in replenishing their raw material inventories than in August. Buy as you go. Cotton yarn traders generally have relatively high inventories, and there are obvious signs that funds are being squeezed, making it difficult to make large inquiries or pick up goods. Overall, the inventory rate of cotton yarn has continued to rise slightly since early September, and the inventory of finished products in individual yarn mills has been close to or even exceeded the “warning line.” Therefore, despite the strong rebound in cotton futures prices, textile companies still adopt the strategy of selling at the same price.
Recently, foreign trade companies and clothing, fabric, and weaving enterprises in coastal areas have reported that orders have picked up slightly compared with mid-to-late August, but are significantly lower than the expectations of all parties for the “Golden September and Silver Ten” , it has been verified that the peak season is not prosperous, so the terminals have great differences in the extent or space of cotton price increase. Some weaving companies believe that although the CF2201 contract price has reached the 18,000 yuan/ton mark, it is more difficult to reach a new height. The long and short parties may start a fierce game in the 18,000-18,500 yuan/ton range. </p
