Some offers rise, but actual traded prices follow slowly

Price-rising sentiment moved up with the improvement of sales and firm ZCE cotton futures. Offers in some mills rose by 200-500yuan/mt, and the discounts given at previous stage were canceled. Actually, the trading sentiment was still not as good as that in previous year. The inventory of cotton yarn mills was not low, and cotton yarn prices were still hard to rise. If future market sustains, cotton yarn prices may usher in rising. After all, overall cotton yarn inventory pressure has released compared with early this year in terms of overall stocking volume.