Raw Materials Boost The Price Of Cotton Yarn After The Festival

Under the influence of the rise of viscose staple fiber in the upstream, the price of cotton yarn rises sharply after saving, and the manufacturers may have a certain willingness to support the price. According to the price monitoring of the business association, as of October 9, 2021, the average ex factory price of renmian yarn (30s, ring spinning, first-class products) is 19000 yuan / ton, which is 2000 yuan / ton higher than that before the festival, or 11.7%. There may be stock mood in the downstream of the terminal, and the trading atmosphere may be improving, but the overall market atmosphere is relatively light, and most of them hold a wait-and-see attitude.

Future forecast

In the "double control" continues, the upstream viscose staple fiber quotation bullish sentiment is strong. In the case of no obvious improvement in the demand side, business analysts predict that the price of human cotton yarn will recover in the short term, but the range is limited, so we still need to pay attention to policy changes in the future.