Import yarn transaction shrinks prices

Recently, cotton remained unchanged, and overall transactions were relatively rare. Imported cotton continues to be weak, and the quality of printed cotton is better priced at 18,000-18100 yuan per ton, and US cotton is 18200-18300 yuan per ton, and due to financial pressure and bearish outlook, the merchants accelerate the shipment intensity. Due to poor demand, the cotton quota price continued to fall. It was heard that the latest transaction price was 2,150 yuan/ton, down by 150 yuan from yesterday.

The sales volume of cotton yarns was dull. Only small batches were traded, and there were actual negotiations. There was a slight increase in mainstream regular yarns, poor sales of high-quality yarns, shrinking sales of imported yarns, and sales of high-class fine combs. The price of combed cotton yarn in a certain textile company in Guan County, Shandong Province was weak. Shipments were unchanged from the previous period. The combed 32S ex-factory price was 29,400 yuan/ton, the 40S price was 30,400 yuan/ton, and the combed compact spinning 50S was reported at 37,000 yuan/ton. There was no significant change in the shipment of cotton yarn from a certain enterprise in Henan. The combed 32S reported RMB 30,500/ton, the 40S reported RMB 31,500/ton, and the combed compact spinning 40S reported RMB 34,000/ton. The Nantong market has cut the prices of all-cotton yarns with a slight drop from self-reducing rapiers, and the volume has been relatively weak. Now 32S rapiers have no 24000, 40S price for 25,800, and prices of other varieties are temporarily stable. The price of a certain textile enterprise in Jiangsu was temporarily stable, and the cash price of combed ring spinning T50/C50 32S was 25,900, and the price of T65/C35 was 24,100. The price of imported yarns in Jiangsu and Zhejiang has shown a downward trend recently. India, Pakistan C21S, C32S reported 22,700-23,000 yuan/ton and 25,400-25,500 yuan/ton.