The overall operating rate of pure cotton yarn remains unchanged. However, recent high cotton prices, coupled with a slowdown in the shipment speed of spinning enterprises, have led to a more cautious approach to raw material procurement, resulting in a decline in raw material inventories for pure cotton yarn enterprises. According to statistics, as of January 8, the average raw material inventory days for pure cotton yarn enterprises were 28.64 days, a decrease of 0.79% month-on-month.

PriceSeek analysis of cotton yarn, with a long-short score of -1, indicates that while the operating rate of pure cotton yarn remains stable, recent high cotton prices have driven up production costs. Additionally, the slowdown in shipment speed has weakened demand, leading enterprises to adopt a cautious procurement strategy, resulting in a month-on-month decrease of 0.79% in raw material inventories (to 28.64 days). This reflects an oversupply in the market, with spot prices facing downward pressure as cost support is offset by weak demand.

Combined with cotton yarn futures data, such as the settlement price of the 2605 contract at 20,900 yuan/ton, a decrease of 105 yuan, and a trading volume of 605 lots, changes in open interest indicate a bearish market sentiment. It is expected that futures prices will continue their downward trend, dragged down by insufficient demand.