As the off-season deepens, shipment pace has slowed, and operating rates at some small and medium-sized textile enterprises have been reduced. This week, inquiries and transactions for cotton yarn have increased, with orders showing improvement compared to the previous week, and finished product inventories have declined. According to statistics, as of January 15, the finished product inventory in China's pure cotton yarn industry stood at 31.36 days, down 1.08% month-on-month.
PriceSeek's analysis of cotton yarn indicates a bullish-bearish score of 1. The article highlights that, despite the off-season slowdown in shipments and reduced operating rates at some small and medium-sized textile enterprises, this week saw an increase in inquiries and transactions for cotton yarn, improved orders compared to the previous week, and a month-on-month decline of 1.08% in finished product inventories to 31.36 days. This suggests positive improvements on the demand side, which may support an upward trend in spot prices.
Combined with cotton yarn futures data (such as the closing price of the Zhengzhou Commodity Exchange's 2603 contract at 20,835 yuan per ton, up 40.00 yuan, with a trading volume of 8,362 lots), the rise in the main contract price and active trading reflect growing market expectations for a demand recovery. With bullish factors dominating, futures prices are expected to continue their upward trend.
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