China Cotton Network News: Due to the huge inversion of price differences between the domestic and external yarns in the early stage, coupled with the strong US dollar, the RMB depreciation was serious, and traders rarely purchase. At present, the quantity of imported yarn goods continues to be limited. With the reduction of imported yarn inventory, the inventory price in the spot market is relatively strong and has not been affected by the price of Xinjiang cotton .
Due to the high price of foreign cotton, many factories in Pakistan chose to stop production of Sailuo String , and could not produce at a loss, reduce the quotation, and the shipment price was not high. As the domestic yarn spot high-support yarn prices have been declining, the price of coarse yarn is relatively advantageous. Many domestic yarn mills turn to coarse yarn production, and some high-support machines turn to coarse yarn production, and the quantity is not large, but they have been snapped up. The orders of 16 and 20 of some large factories have been scheduled to be delivered in November and December.
Replenishment phenomenon occurred in the first week after National Day, and the market performed relatively actively, but the second week seems to have returned to the cooling-off period. The market is on the wait-and-see attitude towards the recent short-term cotton market. Currently, it is mainly small-scale replenishment, and large orders are rare. We look forward to the market stabilization and market trading will become active again.
