Recently, cotton prices have decreased compared to last week. Textile enterprises have seen improved shipments and increased willingness to replenish inventories. Coupled with a decline in the operating rates of textile enterprises, the consumption of raw materials has decreased, leading to a rise in raw material inventories for pure cotton yarn. According to statistics, as of January 15, the average raw material inventory days for pure cotton yarn enterprises were 28.86 days, up by 0.79% month-on-month.

PriceSeek analysis of cotton: Bull-bear score: -1.5
The article indicates that cotton prices have decreased compared to last week. The decline in operating rates of textile enterprises has led to reduced raw material consumption and weak demand, which is bearish for spot prices. Combined with futures data, the settlement price of the main cotton futures contract 2605 was 14,720 yuan/ton, down by 45 yuan, with open interest decreasing by 6,537 lots, reflecting a strengthening bearish sentiment in the market. The price decline may suppress short-term procurement, exacerbate the risk of oversupply, and put pressure on futures prices.

Cotton yarn: Bull-bear score: -0.5
Improved shipments and increased willingness to replenish inventories among textile enterprises may boost demand in the short term. However, the rise in raw material inventories for pure cotton yarn to 28.86 days (up 0.79% month-on-month), coupled with the decline in operating rates, indicates an accumulation of oversupply risks. In futures data, the settlement price of the main cotton yarn futures contract 2603 was 20,755 yuan/ton, down by 45 yuan, with a trading volume of 6,755 lots and open interest decreasing by 176 lots, reflecting cautious market sentiment. Rising inventories may suppress price rebounds, with an overall neutral-to-bearish impact.