Recently, the project of Euwen Textiles, a subsidiary of China's Shengtai Group, was officially launched in Morocco. With a total investment of approximately 1.4 billion Moroccan dirhams, the project will establish a complete production chain covering yarn and fabric supply, weaving, dyeing, printing, and garment manufacturing. PriceSeek analysis of cotton yarn, with a long-short score of 1.5: The total project investment of 1.4 billion Moroccan dirhams will build a comprehensive textile production chain, including yarn supply, which is expected to significantly increase the demand for cotton yarn. Combined with the data of the main cotton yarn futures contract 2603 (closing price of 20,575 yuan/ton on January 5, 2026, with a change of +65.00 and a trading volume of 10,967 lots), the spot market may face tightening supply due to rising demand, pushing up prices. The futures market shows high open interest (18,643 lots) and an upward price trend, and the project launch may strengthen bullish sentiment, driving futures contracts to continue rising. The score is +1.5 (moderately positive), as the project is large in scale but its effects require time to materialize, making it a non-major positive factor.