ChemPriceHub Important Reminder: Cotton Yarn Operating Rate Drops by 9.65%, Supply Tightens Ahead of Chinese New Year

As the Spring Festival approaches, the operating rates of large-scale textile enterprises remain stable, while some small and medium-sized textile enterprises have begun their holiday breaks, leading to a decline in the operating rates of pure cotton yarn enterprises. According to statistics, as of February 5, the average operating rate of domestic pure cotton yarn enterprises was 56.14%, a decrease of 9.65% compared to the previous period. PriceSeek's analysis of cotton yarn indicates a long-short score of 1.5. The article shows that as the Spring Festival approaches, the holiday breaks of small and medium-sized textile enterprises have led to a 9.65% decrease in the operating rates of pure cotton yarn enterprises compared to the previous period. The reduction in supply is favorable for spot prices and may push up market quotations. Combined with cotton yarn futures data, the settlement price of the main contract 2605 is 20,530 yuan/ton, an increase of 20 yuan, and open interest has increased by 1,979 lots, indicating a strengthening bullish sentiment in the market. This news further supports the upward trend in futures.