Market Situation: Pay Attention To The Weakness Of The External Market; The Price Of Cotton Yarn Falls Slightly In The Short Term

The market situation of pure cotton yarn is still weak, the inventory of textile enterprises continues to rise, the startup is stable, and the price of cotton yarn falls slightly. The market is not optimistic about the demand in the short term Whether the monthly downstream orders can be improved. The overall performance of the pure cotton grey cloth market is stable and weak. The textile mills are slow in moving goods, and the sales are slow. Most of them remain near the profit and loss line.

In the international market, American upland cotton signed a contract on 3.48 in the week of November 7 Ten thousand tons, month on month decline, the signing progress of American cotton is temporarily slow, the superimposition of US dollars is stronger, and the external market is weaker. The daily processing volume of the domestic market has entered the peak period, and the industry's production estimate has been raised, so the hedging pressure remains. Imported cotton in October 11 10000 tons, 10000 tons less than the previous month. The inventory of finished products of textile enterprises continued to rise, and the textile mills started to decline gradually. The prices of cotton yarn and grey cloth were stable and weak, and raw materials were purchased cautiously. The overall fundamentals were weak.

In the later period, attention should be paid to the downstream replenishment and stock situation at the end of the year as well as macro policies to maintain a weak operation in the short term.

According to the national cotton trading market, as of November 18, 2024/2025, Xinjiang has processed 3.3859 million tons of cotton, an increase of 8.23% over the previous day 10000 tons, an increase of 671500 tons over the same period last year, with a year-on-year growth of 24.7%.

According to China Cotton Notary and Inspection Network, as of November 18, 2024, there will be 1052 cotton producers nationwide in 2024 Cotton processing enterprises processed cotton and conducted notarial inspection in accordance with the requirements of the cotton quality inspection system reform plan. 12128333 bales were inspected nationwide, totaling 2.7395 million tons, an increase of 9.12 from the previous day 10000 tons, a year-on-year increase of 21.4%, of which 11934604 bags were inspected in Xinjiang, a total of 2.696 million tons, an increase of 89400 tons over the previous day; The inspection quantity in the mainland is 121353 bags, 2.7 in total 10000 tons.