Cotton yarn prices failed to rise and discounts were offered

Conventional varieties rose by 1,000yuan/mt and sales also increased in early May, when cotton prices surged and sales grew, later it became difficult for cotton yarn to follow the rising trend (after a brief decline) of cotton prices, and some spinners even had to lower their offers. As suggested by chart below, the downstream textile market performed even worse, with cotton fabric prices falling to the same level as in April.