March 30 cotton yarn spot market stable. The price of 32S is about 26700 yuan / ton. After last week’s sharp fall, the price of upstream cotton rose slightly this week. On the 30th, the price of 3128b was 15246 yuan / ton, up 98 yuan / ton from last Friday. Internationally, US cotton fell to less than 80 cents last week, textile mill buying increased significantly, US Department of agriculture report is expected to reduce cotton planting area forecast, ice cotton futures rose slightly in the shock on Monday, providing support for prices. The price of imported yarn is high, and the price difference between inner yarn and outer yarn is large. The heat of the Xinjiang cotton incident has gradually cooled down, and the market has reestablished confidence in the domestic demand for yarn grey cloth and other products. Downstream, cloth factory just need replenishment, yarn factory new orders are limited.
At present, the cotton market has improved, and the cotton yarn market is supported by the cost. However, the orders of downstream weaving factories are coming to an end, and the market is not favorable in the short term. The industry is cautious, and it is expected that the cotton yarn market will be stable in the short term.
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