De-stocking and capital recouping is the theme and inventory begins to accumulate from Oct

Sep and Oct are the traditional textile buoyant season, but why the cotton textile product prices move lower significantly? It was mainly because the market was dominated by de-stocking and capital recouping with weak downstream demand and accumulating inventory.

Before the coming traditional buoyant season, inventory of cotton yarn, polyester yarn and rayon yarn was all at a high level, especially cotton yarn, its inventory has reached 50 days, facing obvious pressure. Polyester yarn inventory was at a three-year high level, and rayon yarn inventory was also high. Therefore, de-stocking was the main task for spinners in buoyant season. Fabric mills witnessed weakening sales in Oct and inventory also piled up gradually.