Cotton Market Is Still Warm. The Downstream Textile Industry Is Still In A State Of Calm.

After entering the October, the cotton market is still warm, weak downward, and the downstream textile industry is still in a state of calm. The Shandong textile market has entered a more cautious state of attack and defense.

In 2019, the central cotton reserve came to an end. In addition, the new cotton market went on sale in the new year. The supply of raw materials in the market was still adequate, and the lint market continued to be weak. In order to avoid the risks brought down by the market, the downstream textile enterprises insisted on the principle of purchase and purchase with the purchase of raw materials, and suppressed the spot lint market. Among them, the price of three grade lint factory in Shandong was 12100-12200 yuan / ton, 100-200 yuan / ton lower than before the festival. The cotton ginning factory reflects that after the festival, the lint is generally running, and the market dare not buy large quantities of products.

After the national day, Zhengzhou futures yarn market rebounded low, of which CY2001 main contract on Thursday (October 10th) rushed to 20470 yuan / ton high, today between 20355-20450 yuan / ton hovering, supporting the spot yarn market, stable prices around the main. In some areas of Shandong, the price of 32 pieces of combed ring spinning is priced at 20400 yuan / ton, the 40 quoted price is 21400 yuan / ton, the air spinning 21 offers 16400 yuan / ton, 24 quotations 16600 yuan / ton, the price of 40 pieces of compact spinning is 23000 yuan / ton, 60 price is 23000 yuan / ton, and the market generally takes the goods in general.

In order to cope with the poor demand for downstream, Shandong textile mills have maintained normal operation, but they are mainly processing orders, maintaining fixed customer sources. The raw materials needed for new orders are also kept in line with purchase, and they dare not rush to large quantities of stock. The overall supply of yarn market is relatively balanced. Textile mills operate prudently, reduce raw material and product inventory, and reduce cost risk.