The Demand For Man-Made Cotton Yarn Is Weak, And The Overall Price Shows A Downward Trend, But There Is A Slight Rise

As of June 11, the average ex factory price of man-made cotton yarn (30s, ring spinning) was 18014 yuan / ton, which was nearly 200 yuan / ton, or 1.12%, or 29.9% higher than that on June 4. This week, people's cotton yarn market has a small upward trend, the market has rebounded.  

The commodity index of human cotton yarn on June 11 was 88.29, unchanged with yesterday, 19.09% lower than 109.12 (2017-03-12), and 38.52% higher than the lowest point of 63.74 on September 10, 2020.

From the perspective of upstream commodities, as of June 11, the price of upstream viscose staple fiber decreased by 2.47% compared with that of 7 days ago. According to the price monitoring of business agency, the top three commodities of textile sector in the price rise and fall list in May 2021 were viscose staple fiber (8.85%), polyester DTY (3.56%) and acrylonitrile (2.89%).

Business agency analysts believe that new orders for people's cotton yarn are general, prices have picked up slightly, and inventory has increased. In addition, judging from the 730 moving average of the business club, since 2021 / 3 / 21, the 7-day moving average is under the 30 day moving average, and the current two moving average continue to go down in the same direction. According to the calculation of 2021 / 6 / 11, the probability of operation situation change in the next 7 days (that is, the 7-day moving average is above the 30 day moving average) is only 10.25%.