资讯 1 10 英文网 284 Textile News 605355 Cotton yarn price stayed firm 2022-09-21 17:15:23 shenhe
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Cotton yarn price stayed firm
2022-09-21

 

Demand recovered in the last two weeks in China, as usual in this part of the year.

Cotton yarn prices stayed firm as a result amid falling inventory levels.

Cotton prices slightly declined while they sharply dropped on the international market by contrast.

Downward processors are not experiencing a significant rise in their sales, however.

Demand for fabrics could be 30% to 40% lower from the same period in the previous years.

Anemic retail sales and slowing down apparel orders from Wester buyers are progressively depressing demand for Chinese textiles.

The US ban on Xinjiang cotton is not helping, either.

Cotton yarn prices slid in the past week on the international market, in line with the fall in New York's cotton futures.

Domestic cotton yarn prices could be pressured by a continuous fall in import prices.

Cotton yarn futures fell 6.3% in the last seven days, when considering the nearby October contract.

With inventories now sliding, demand could be boosted by the seasonal rebound.