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Market Analysis: Textile Enterprises Are More Cautious In Purchasing Cotton Yarn After The Festival

2022/2/14 9:38:00 0

On the first trading day after the Spring Festival, Zheng Mian's main force opened sharply, with the 05 contract of the main force rising to 22210 yuan / ton, up 715 yuan / ton compared with the closing before the festival. However, the downstream purchasing was sluggish on Monday. After the fall of Zheng cotton on Tuesday, the point price purchase of cotton by textile enterprises was slightly improved, and on Wednesday and Thursday, traders mainly purchased cotton with lock basis difference. This week, domestic cotton spot prices slightly higher than before the festival, spot trading atmosphere is better than before the festival. At present, the mainstream quotation of standard level buy it now is within the scope of 23000-23200. According to the statistics of the national cotton trading market, as of February 10, 2022, the total lint processing volume in Xinjiang was 5.2202 million tons, a year-on-year decrease of 6.7%. Among them, the lint processing capacity of the autonomous region was 3228900 tons, with a year-on-year decrease of 7.6%; The lint processing capacity of XPCC was 1.9913 million tons, with a year-on-year decrease of 4.9%. On the 10th, the processing increment was 3900 tons.

In the first week after the festival, cotton yarn spinning enterprises and traders continued to operate, and the quotations of textile enterprises increased gradually, but some of them still did not offer. From the perspective of quotation, the price increased by 500500 yuan / ton compared with that before the festival. The rise of rotor spinning and low count yarn was relatively small, and the increase of conventional varieties was mostly around 1000 yuan / ton, with few transactions. Due to the fact that the weaving mill had a certain amount of stock before the year, they were not eager to purchase, and the downstream was more cautious when the order was not clear. This week, cotton yarn spinning enterprises gradually started operation, and the starting rate increased. Most textile enterprises have resumed normal production, and some small factories will start operation after the Lantern Festival.