Downstream orders have yet to pick up

After the festival, due to the downstream traders began to sharply cut prices to sell inventory, weaving enterprises started to maintain a low level, insufficient demand for replenishment, resulting in textile enterprises since the holiday yarn prices continued to maintain stability or a small decline, in the short term rising expectations are also facing disappointment. At present, textile enterprises generally feedback the sales of finished products is not smooth, the downstream market inquiry is not positive, although most enterprises have not significantly reduced the price of yarn, but the sales pressure has risen, some large and medium-sized textile enterprises finished products inventory has also increased trend, "silver ten" has been nearly half, the market is slightly dim.

The downstream peak season is not flourishing characteristics are significant, yarn traders inventory is high, so that cotton prices face greater resistance. At present, textile enterprises have accumulated inventory and continued to lose production. Gold nine silver ten has been more than half, the negative feedback of the downstream industry has clouded the market.

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At the same time, according to the feedback of some cotton trading enterprises in Jiangsu and Zhejiang, Guangdong and other places, the impact of last week's cotton price shock in India/Pakistan and the main contract of ICE cotton futures fell below 85 cents/pound, coupled with the continued weak decline of domestic cotton yarn quotation after the festival (some cotton mills, middlemen down 200-300 yuan/ton, combed yarn, high comb yarn fell slightly), Since mid-October, bonded, cargo and customs clearance RMB resource cotton yarn has continued the trend of "low price soft volume".

In addition, the orders after the festival did not change much, there is more demand for thick varieties, there is a shortage of supply, the price competition of fixed order is fierce, the actual order is not much, small batch based. Dyeing factory production is not as good as in previous years, orders are insufficient.

On the whole, the recent market orders are generally general, the price of raw materials is not volatile, and the price of yarn is relatively stable. Weaving factory orders are general, especially foreign trade orders. Textile enterprises can do more conventional varieties and carefully purchase on demand.

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