After the Ching Ming holiday, the cotton spot market rose slightly, with an increase of about 100 yuan/ton. On the 9th, the domestic cotton 3128 price index was 15,369 yuan/ton. The early shipment of cotton yarn was generally poor, and the inventory of spinning mills continued to accumulate. The shipment of high-end compact spinning 32S and 26S was slightly better than other varieties. After the yarn price stabilized recently, there were some transactions, mainly scattered orders. The early-stage callback of cotton yarn is basically in place, making some profit margins for downstream weaving, fabrics, clothing and other links. Affected by the rebound of the overseas epidemic situation and the drop in cotton prices, the international cotton yarn market has begun to weaken, and the price of imported yarn has continued to decline. On April 9, the price of the main cotton yarn contract 2109 of the Zhengzhou Commodity Exchange rose by 1.06% yesterday, with an opening price of 22,165 yuan/ton and a settlement price of 22,255 yuan/ton.

　The next move: the downstream domestic yarn and grey cloth inventory increased slightly. In early and mid-April, the willingness of weaving mills to replenish warehouses began to pick up. Enterprises were still cautious in receiving orders, and replenishment was mainly based on rigid needs. Orders for autumn and winter were placed successively in April. Although tentative orders are still the mainstay and prices are lower, it is still good news for yarn and fabric companies. According to the results of the China Textile Federation’s Circulation Branch’s economic monitoring results, from February to March 2021, the national textile and apparel professional market managers’ prosperity index was 53.12, an increase of 4.03 percentage points from 49.09 in January, and the prosperity index can be seen from various indicators. The significant rebound compared with January indicates that the downstream market as a whole maintains a healthy operation.

Market outlook: After the fermentation of market concerns caused by Xinjiang cotton, the futures prices of cotton and cotton yarn have rebounded, but the cotton yarn market has not shown any signs of improvement. At present, the cotton yarn market atmosphere is weak, and the prices of chemical fiber yarn and cotton yarn have fallen. The textile industry The overall purchase demand is at a low level, and the cotton yarn market is mainly wait-and-see. In the later stage, we will still pay attention to the order situation. It is expected that the market will remain sluggish in the future.